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Will you get a fair price if you sell your gold jewelery to a moneyforgold website
December 11th, 2009 by admin
Will you get a fair price if you sell your gold jewelery to a moneyforgold websiteWhen you take into consideration the current state of the US economy and the forever increasing spike in gold,silver and platinum prices , it is apparent why people are getting out their broken gold, silver and platinum jewelry and are getting rid of them to cash 4 gold refineries as a way to come up with some additional dollars to lower their bills and credit card accounts and to meet their next payments.Assuming you are experiencing the same situation you will want to carefully do your investigative work before giving away your gold or silver to just any gold dealers because there are an ever increasing amount of unethical gold brokers in the gold buying industry who will gladly prey on your desperate situation and reward very little for your gold, silver and platinum.I realize that this way of doing business is not a scam, it is however, wrong and I want to warn those of you who may be thinking of trading your broken gold, silver or platinum to be certain to stay away from businesses that are acting as middle men and to deal only with metal refineries or cash for gold businesses that utilize their own metal refineriesYou see, cash for gold buyers are nothing more than brokers between you and a precious metal refinery and as a result they will reward you in the area of one third of the true value for your gold and quickly trade it back to a precious metal dealer themselves and they will be pocketing the lions share while you receive a couple lousy bucks.Recently, Fox news conducted a sort of undercover sting, in that they submitted 3 exact pieces of jewelry to 3 individual cash for gold companies and waited for the payment and while 3 of the gold buyers did in fact give them a payment for their broken jewelry, only 1 of those cash for gold buyers actually submitted the real value of their gold while the other cash for gold companies payed about one third of today’s true value .The 2 cash4gold companies that that payed 30% of the real value were acting as a middle man while the 3rd company that payed the true value did own their own gold refinery, so it is consumer beware in this business and I surely suggest that you do your part before unloading your broken family jewelry so that you should not fall prey to the cash for gold scam