When you take into consideration the present state of the North American economy and the ever increasing spike in gold,silver and platinum prices , it is apparent why people are getting out their old gold and silver jewelry and are unloading them to cash 4 gold companies because they need to find some additional income to get rid of their debts in an effort to make their next mortgage payment.
Maybe you are experiencing the same situation you will be wise to cautiously do your investigative work before unloading your gold,silver or platinum to just any gold brokers for the reasons that there is a large amount of fraudulent gold brokers in the jewelry buying business who will gladly take advantage of your financial desperation and give very little for your gold, silver or platinum jewelry.
Although this way of doing business isn’t a scam, it is in my opinion, very wrong and I am here to inform those of you who are thinking of parting with your unwanted jewelry to be sure to avoid businesses that are posing as gold brokers and to do business only with gold refineries or cash 4 gold businesses that utilize their in-house gold refineries
The fact is, cash for gold companies are doing nothing more than acting as middle men between you and a gold refinery and because of that they will give you about 1/3 of the market price for your gold or silver jewelry and turn around and resell it back to a precious metal dealer themselves therefore pocketing the largest share and in turn you receive a few measly bucks. (more…)