Will you be scammed if you sell your gold or silver to a money4gold website
Because of the actual state of the global economy and the forever increasing movement upwards in gold,silver and platinum prices , it is apparent why people are getting out their damaged Gold, silver and other precious metals and are pawning them to cash 4 gold industries as a method to acquire some additional money to reduce some extra debts in an effort to meet their next payments.let’s say you are in the same situation you will need to carefully do your homework before trading your gold,silver or platinum to just any gold dealers because there are an ever increasing amount of fraudulent gold brokers in the gold buying industry who will gladly take advantage of your financial desperation and pay almost nothing for your gold.The fact that this practice is not illegal, it is in any case, not in your best interest and I feel it necessary to inform those of you who may be thinking of trading your broken gold, silver or platinum jewelry to be certain to refrain from dealing with companies that are posing as gold brokers and to deal only with metal refineries or cash for gold companies that utilize their own personal metal refineriesYou must realize, cash for gold companies are simply acting as middle men between you and a gold refinery and therefore they will pay you in the area of 30 percent of the actual value for your fine jewelry and instantly sell it back to a gold buyer themselves therefore pocketing the lions share and in turn you keep a couple lousy dollars.A short while ago, Fox news put together a sort of undercover operation, in that they mailed in 3 of the same pieces of jewelry to 3 different cash for gold businesses and waited for the payment and while all of the gold buyers did in fact send a check for their broken jewelry, only 1 of those cash 4 gold companies actually submitted the true value while the other 2 gold buyers payed out 30 percent of today’s value.The 2 gold buying companies that gave so little were acting as brokers while the third cash for gold company that payed the true value did in fact own their own gold refinery, so it is consumer beware in this business and I strongly recommend that you do your part before trading in your used family jewelry so that you can’t get sucked into the cash for gold scam
