Is it worth selling your gold to a moneyforgold website
Because of the actual state of the global economy and the continuous increasing rise in precious metal prices , it is obvious why people are getting out their unwanted gold jewelry and are pawning them to cash 4 gold industries in an effort to make some extra cash to lower some bills in an effort to get out of debt.
Assuming you are experiencing the same situation you will be wise to methodically do your homework before distributing your unwanted jewelry to just any gold dealers because there is a huge increase in the number of unethical players in the precious metal buying business who will without conscience prey on your desperate situation and give a small percentage for your precious metal.
Even though this way of doing business is not fraudulent by definition, it is in my opinion, immoral and unethical and I feel it necessary to warn those of you who might be thinking of trading your outdated unwanted jewelry to be certain to refrain from dealing with companies that are acting as middle men and to do business only with refineries or cash 4 gold companies that utilize their own personal refineries
You must realize, gold brokers are simply acting as middle men between you and a metal refiner and as a result they will give you in the neighborhood of 1/3 of the true value for your gold jewelry and easily unload it back to a precious metal dealer themselves thereby obtaining the larger share and in turn you get a few measly bucks.
In recent days, Fox news implemented a sort of undercover sting, in that they delivered three exact items of gold to three individual precious metal buyers and waited for their check and while all three businesses did in fact deliver a check for their broken jewelry, only 1 of those cash for gold buyers actually paid the true value while the other 2 gold buyers payed out 1/3 of today’s real value.
The two cash for gold companies that payed out such a small amount were acting as middle men while the 3rd gold buyer that payed the current market value did in fact own their own precious metal refinery, so it is seller beware in this business and I absolutely recommend that you do your part before parting with unneeded precious jewelry so that you don’t fall prey to the cash for gold scam
