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Will you get ripped off if you trade your outdated gold or silver jewelry to a money for gold website
When you take into consideration the live state of the global economy and the forever increasing movement upwards in gold and silver prices , it is apparent why people are
taking out their old gold jewelry and are selling them to cash 4 gold industries as a way to acquire some extra income to reduce some debits as a way to make ends meet.
let’s say you are experiencing the same situation you will be wise to carefully do your research before unloading your gold,silver or platinum to just any gold dealers for the reasons that there is a huge increase in the number of unethical gold brokers in the jewelry buying business who will happily take advantage of your desperate situation and reward very little for your gold.
I realize that this way of doing business may not be a scam, it is in any case, wrong and I feel obligated to tell those of you who are thinking of getting rid of your defective gold, silver or platinum to be certain to stay away from businesses that are posing as gold brokers and to conduct business only with metal refineries or cash for gold companies that have their own metal refineries
The truth is, cash for gold buyers are simply acting as brokers between you and a gold refinery and therefore they will reward you about 30 percent of the actual value for your gold jewelry and easily trade it back to a gold buyer themselves and they will be keeping the lions share while you receive a few lousy dollars.
Recently, Fox news implemented a kind of undercover operation, in that they submitted three exact same items of gold jewelry to three separate precious metal dealers and waited for their payout and while 3 of the businesses did in fact deliver a check for the used gold, only one of those cash for gold businesses actually gave the current market value while the other 2 gold buyers payed about 30% of today’s real value.
The two cash for gold companies that fell short were acting as brokers while the third company that payed the real value did utilize their own metal refinery, so it is consumer beware in this business and I strongly recommend that you do your research before trading in your broken gold jewelry
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