Considering the latest state of the American economy and the ever increasing spike in gold and silver prices , it is obvious why people are digging out their damaged gold and platinum jewelry and are pawning them to cash 4 gold companies as a way to come up with some additional income to pay down some extra debts in order to make their next mortgage payment.
If you are experiencing the same situation you will need to carefully do your homework before selling your gold jewelry to just any gold dealers because there is a large amount of unscrupulous players in the gold buying business who will gladly prey on your desperation and reward almost nothing for your jewelry.
The fact that this behavior may not be a scam, it is in my opinion, totally wrong and I want to make it known to those of you who are thinking of getting rid of your unwanted gold jewelry to be sure to refrain from dealing with companies that are posing as middle men and to deal only with gold refineries or cash for gold businesses that have their in-house gold refineries
You see, cash for gold companies are nothing more than middle men between you and a precious metal refinery and because of that they will reward you approximately one third of the market price for your gold and quickly sell it directly to a precious metal dealer themselves therefore obtaining the lions share and you keep a few lousy dollars. (more…)