Will you get a fair price if you sell your outdated gold or silver jewelry to a dollars4gold company
When you take into consideration the current condition of the US economy and the forever increasing surge in gold and silver prices , it is no wonder people are rooting out their damaged gold, silver and platinum jewelry and are selling them to cash 4 gold refineries as a method to acquire some additional cash to get rid of some financial woes in an effort to get out of debt.let’s say you are experiencing the same situation you will be wise to methodically do your homework before trading your gold or silver to just any company in that there is a huge increase in the number of unscrupulous cash for gold companies in the precious metal buying business who won’t hesitate to take advantage of your desperation and give almost nothing for your gold and silver.Although this practice is not fraudulent by definition, it is in my opinion, immoral and unethical and I am here to tell those of you who may be thinking of selling your old unwanted jewelry to be certain to stay away from companies that are posing as gold brokers and to conduct business only with refineries or cash for gold businesses that utilize their own personal refineriesYou must realize, gold buyer are being brokers between you and a metal refiner and as a result they will give you approximately 30% of the market price for your gold, silver or platinum and instantly unload it directly to a gold refiner themselves thereby keeping the lions share and in turn you receive a few measly dollars.A short while ago, Fox news put together a sort of undercover operation, in that they sent in 3 replica pieces of gold to 3 individual cash for gold dealers and waited for their payout and while all of the gold buyers did in fact forward a payment for the unwanted jewelry, only 1 of those cash for gold businesses actually paid the current market value while the other cash for gold companies payed about 30% of today’s value.The 2 gold buyers that fell short were acting as a go-between while the third gold buyer that payed the true value did utilize their own gold refinery, so it is consumer beware in this business and I highly suggest that you do your research before trading in your used family jewelry so that you do not get sucked into the cash for gold scam