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Is it worth selling your gold to a cash 4 gold business

December 22, 2009 on 8:31 pm | By admin | In News

When you take into consideration the current state of the global economy and the forever increasing movement upwards in gold,silver and platinum prices , it is obvious why people are digging out their used gold jewelry and are unloading them to cash 4 gold buyers because they need to come up with some spare dollars to reduce some debits in an effort to meet their next payments.Assuming you are experiencing the same situation you will want to cautiously do your investigative work before trading your precious metals to just any company in that there is a large number of unethical companies in the jewelry buying business who will without conscience prey on your financial desperation and give almost nothing for your gold jewelry.The fact that this practice is not a scam, it is however, not in your best interest and I feel it necessary to make it known to those of you who may be thinking of parting with your outdated gold, silver or platinum jewelry to be certain to refrain from dealing with businesses that are acting as middle men and to do business only with refineries or cash 4 gold businesses that institute their in-house refineriesYou must realize, cash for gold companies are nothing more than middle men between you and a precious metal refinery and because of that they will give you approximately one third of the true value for your gold and quickly unload it back to a gold buyer themselves thereby keeping the largest share and in turn you get a few lousy bucks.A short while ago, Fox news conducted a kind of undercover operation, where they submitted 3 identical items of jewelry to 3 individual cash for gold companies and waited for their check and while all of the businesses did in fact send a check for the old jewelry, only one of those cash for gold businesses actually submitted the current market value while the other two companies payed out one third of today’s value.The two companies that that payed 30% of the real value were acting as middle men while the 3rd gold buyer that payed the true value did in fact own their own precious metal refinery, so it is customer beware in this business and I absolutely recommend that you do your part before selling your unneeded family jewelry so that you shouldn’t get taken by the cash for gold scam