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Should you trade your gold jewelery to a money 4 gold website
December 24th, 2009 by admin
Because of the actual condition of the US economy and the forever increasing surge in precious metal prices , it is no wonder people are getting out their unwanted gold and silver jewelry and are trading them to cash 4 gold companies because they need to come up with some spare dollars to reduce their financial woes in an effort to get out of debt.let’s say you are in the same situation you will be wise to methodically do your research before distributing your gold,silver or platinum to just any company for the reasons that there are an ever increasing amount of fraudulent gold brokers in the jewelry buying industry who will without conscience prey on your financial situation and reward almost nothing for your gold, silver or platinum jewelry.Although this practice isn’t illegal, it is however, not in your best interest and I am here to make it known to those of you who may be thinking of trading your outdated gold to be sure to stay away from businesses that are posing as gold brokers and to do business only with gold refineries or cash 4 gold companies that own their in-house gold refineriesYou must realize, cash for gold companies are being a go-between, between you and a metal refiner and as a result they will reward you in the area of one third of the value for your gold or silver jewelry and turn around and sell it back to a gold refiner themselves therefore obtaining the larger share and you keep a couple lousy dollars.Recently, Fox news implemented a sort of undercover operation, in that they delivered three of the same amounts of gold to three individual cash for gold businesses and waited for their check and while all of the gold buyers did in fact give them a payment for their old gold, only 1 of those cash for gold businesses actually submitted the current market value while the other 2 gold buyers payed approximately one third of today’s true value .The other 2 companies that gave so little were acting as brokers while the third cash 4 gold business that payed the current market value did own their own in-house refinery, so it is consumer beware in this industry and I surely recommend that you do your research before trading in your unwanted precious jewelry so that you can’t get taken by the cash for gold scam