Jot the Vote Blog Site

Considering the current state of the North American economy and the forever increasing upward rise in gold,silver and platinum prices , it is apparent why people are taking out their unwanted gold and silver jewelry and are selling them to cash 4 gold brokers in an effort to acquire some more dollars to pay off some financial woes in an effort to make future bill payments.Maybe you are in the same situation you will want to methodically do your homework before unloading your gold,silver or platinum to just any gold buyers for the reasons that there is a huge increase in the number of unethical players in the gold buying business who will happily prey on your financial situation and pay you next to nothing for your gold jewelry.I realize that this behavior isn’t illegal, it is in my opinion, wrong and I feel obligated to warn those of you who are thinking of selling your unwanted gold or silver to be certain to refrain from dealing with businesses that are acting as gold brokers and to do business only with metal refineries or cash for gold businesses that institute their in-house metal refineriesYou see, cash for gold companies are nothing more than a go-between, between you and a precious metal refinery and therefore they will pay you in the area of 1/3 of the true value for your gold or silver jewelry and turn around and trade it directly to a gold refiner themselves therefore keeping the lions share and  you receive a few measly bucks.Recently, Fox news put together a kind of undercover operation, in that they submitted three exact same items of jewelry to three separate cash for gold businesses and waited for the payment and while 3 of the companies did in fact give them a pay out for their broken gold, only one of those companies actually paid the true value while the other 2 gold buyers payed approximately 1/3 of today’s current market value.The 2 gold buyers that payed out such a small amount were acting as brokers while the 3rd cash 4 gold business that payed the most value did in fact own their own metal refinery, so it is consumer beware in this business and I highly suggest that you do your part before parting with used family jewelry so that you don’t fall prey to the cash for gold scam

This entry was posted on Tuesday, December 15th, 2009 at 8:14 am and is filed under News. Both comments and pings are currently closed.