Will you get ripped off if you trade your broken jewelery to a dollars4gold business
Because of the live state of the world economy and the continuous increasing movement upwards in gold,silver and platinum prices , it is necessary that people are rooting out their used gold and silver jewelry and are trading them to cash 4 gold brokers in an effort to make some spare cash to reduce some bills to to meet their next payments.Assuming you are experiencing the same situation you will need to carefully do your homework before selling your precious metals to just any company in that there is a huge increase in the amount of fraudulent gold brokers in the precious metal buying industry who will gladly prey on your desperation and reward almost nothing for your gold, silver and platinum.Although this way of doing business isn’t fraudulent by definition, it is however, immoral and unethical and I am here to warn those of you who might be considering exchanging your outdated gold or silver to be certain to stay away from companies that are acting as gold brokers and to conduct business only with refineries or gold buying companies that own their own personal refineriesThe truth is, gold buyer are doing nothing more than acting as brokers between you and a gold refinery and therefore they will reward you about 30% of the actual value for your fine jewelry and turn around and trade it directly to a gold refiner themselves and they will be obtaining the largest share and you get a couple lousy bucks.Not so long ago, Fox news put together a sort of undercover sting, where they submitted three exact amounts of jewelry to three separate cash for gold dealers and waited for the payment and while all of the businesses did in fact forward a payment for their used jewelry, only one of those cash for gold businesses actually gave the current market value while the other 2 gold buyers payed approximately 30% of today’s real value.The 2 gold buyers that payed out such a small amount were acting as a go-between while the 3rd cash 4 gold business that payed the true value did in fact own their own gold refinery, so it is customer beware in this business and I absolutely recommend that you do your research before selling your unneeded family jewelry so that you won’t become a victim of the cash 4 gold scam