Is it worth selling your broken jewelry to a cash 4 gold company
December 5, 2009 4:20 am NewsBecause of the live state of the US economy and the continuous increasing spike in precious metal prices , it is obvious why people are taking out their unwanted Gold, silver and other precious metals and are selling them to cash 4 gold buyers as a way to acquire some extra income to get rid of their bills to to make their next mortgage payment. Maybe you are in the same situation you will be wise to cautiously do your research before distributing your unwanted jewelry to just any gold buyers because there is a huge increase in the number of scam cash for gold companies in the jewelry buying business who will gladly take advantage of your financial situation and pay almost nothing for your gold, silver or platinum jewelry. Although this behavior isn’t illegal, it is however, wrong and I feel obligated to warn those of you who are considering selling your outdated jewelry to be certain to stay away from gold buyers that are acting as middle men and to do business only with refineries or cash for gold businesses that utilize their own refineries The truth, cash for gold companies are nothing more than middle men between you and a gold refinery and because of that they will pay you approximately one third of the market price for your gold jewelry and turn around and sell it back to a gold buyer themselves and they will be keeping the larger share and in turn you keep a few measly bucks. A short while ago, Fox news implemented a kind of undercover operation, where they submitted 3 exact pieces of gold jewelry to 3 separate cash for gold dealers and waited for their check and while all of the businesses did in fact give them a pay out for the unwanted gold, only one of those gold buyers actually gave the current market value while the other two companies payed out one third of today’s value. The that gave so little were acting as a middle man while the third company that payed the real value did in fact own their own in-house refinery, so it is seller beware in this industry and I highly recommend that you do your utmost before selling your old gold jewelry