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When you take into consideration the current state of the global economy and the forever increasing rise in gold,silver and platinum prices , it is apparent why people are digging out their old gold and silver jewelry and are getting rid of them to cash 4 gold industries because they need to make some extra dollars to pay down their extra financial woes in an effort to make future bill payments.

 

Assuming you are in the same situation you will need to carefully do your homework before unloading your gold or silver to just any gold brokers for the reasons that there are an ever increasing number of unethical players in the gold buying business who will happily take advantage of your financial situation and pay a small percentage for your precious jewelry.

 

Although this behavior is not fraudulent by definition, it is in my opinion, very wrong and I feel obligated to tell those of you who might be thinking of trading your used gold, silver or platinum jewelry to be certain to refrain from dealing with gold buyers that are acting as middle men and to deal only with metal refineries or cash 4 gold companies that have their own personal precious metal refineries

 

The fact is, cash4gold businesses are being brokers between you and a precious metal refinery and because of that they will give you approximately 30% of the actual value for your fine jewelry and quickly resell it directly to a precious metal dealer themselves thereby keeping the larger share and in turn you get a few lousy bucks.

 

A short while ago, Fox news conducted a kind of undercover sting, in that they sent in three replica pieces of gold jewelry to three individual cash for gold dealers and waited for their check and while all of the businesses did in fact give them a payment for their unwanted gold, only 1 of those companies actually submitted the current market value while the other two companies payed approximately 30% of today's current value.

 

The two cash for gold companies that gave so little were acting as a middle man while the 3rd cash 4 gold business that payed the real value did in fact own their own gold refinery, so it is customer beware in this business and I absolutely suggest that you do your homework before trading in your broken gold or silver jewelry so that you shouldn't get taken by the cash for gold scam