Is it worth selling your precious metals to a dollars 4 gold website
December 10th, 2009
Considering the actual state of the US economy and the forever increasing spike in precious metal prices , it is no wonder people are getting out their used Gold, silver and other precious metals and are pawning them to cash 4 gold refineries as a method to make some extra dollars to reduce their debts in an effort to meet their next payments.Maybe you are experiencing the same situation you will need to carefully do your research before giving away your gold or silver to just any gold buyers in that there is a large amount of fraudulent gold buyers in the precious metal buying business who will without conscience prey on your desperate situation and give almost nothing for your gold or silver jewelry.Although this behavior may not be illegal, it is in my opinion, wrong and I feel obligated to warn those of you who are considering getting rid of your defective gold, silver or platinum to be sure to refrain from dealing with businesses that are posing as gold brokers and to do business only with gold refineries or cash 4 gold companies that utilize their own gold refineriesThe fact is, gold buyer are doing nothing more than acting as middle men between you and a metal refiner and therefore they will give you in the area of 1/3 of the market price for your gold and turn around and trade it directly to a gold refiner themselves thereby pocketing the lions share while you receive a few lousy dollars.Recently, Fox news implemented a kind of undercover operation, in that they mailed in three identical amounts of jewelry to three individual precious metal dealers and waited for their check and while 3 of the businesses did in fact send a check for the old jewelry, only 1 of those gold buyers actually gave the real value of their gold while the other two companies payed approximately 1/3 of today’s current value.The two cash for gold companies that that payed 30% of the real value were acting as middle men while the 3rd cash 4 gold business that payed the true value did have their own metal refinery, so it is consumer beware in this industry and I surely suggest that you do your utmost before selling your old family jewelry so that you don’t get taken by the cash 4 gold scam
Entry Filed under: News