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Should you sell your old, broken jewelry to a dollars 4 gold broker
December 21st, 2009 by admin
Considering the current condition of the American economy and the forever increasing surge in gold,silver and platinum prices , it is apparent why people are bringing out their used gold and silver jewelry and are pawning them to cash 4 gold dealers because they need to make some additional dollars to pay off some extra bills and credit card accounts to to get out of debt.let’s say you are experiencing the same situation you will want to carefully do your homework before trading your unwanted jewelry to just any gold brokers for the reasons that there are an ever increasing number of scam cash for gold companies in the precious metal buying business who will gladly take advantage of your desperate situation and pay very little for your gold, silver or platinum jewelry.Even though this behavior may not be illegal, it is in my opinion, immoral and unethical and I want to make it known to those of you who might be considering parting with your outdated gold jewelry to be sure to avoid businesses that are acting as middle men and to conduct business only with metal refineries or cash 4 gold buyers that own their own metal refineriesThe fact is, cash4gold businesses are nothing more than middle men between you and a metal refiner and as a result they will pay you in the neighborhood of 30 percent of the true value for your gold and quickly sell it back to a gold refiner themselves thereby pocketing the larger share while you keep a couple lousy dollars.Recently, Fox news conducted a sort of undercover operation, where they delivered 3 of the same items of jewelry to 3 separate gold buyers and waited for their check and while all of the companies did in fact give them a payment for their unwanted jewelry, only 1 of those gold buyers actually gave the real value of their gold while the other two companies payed out 30 percent of the current value.The two cash for gold companies that that payed out 1/3 of the market value were acting as a go-between while the third gold buyer that payed the real value did have their own in-house refinery, so it is seller beware in this business and I surely recommend that you do your utmost before selling your unneeded gold jewelry so that you don’t get taken by the cash 4 gold scam