Will you be scammed if you sell your old, broken jewelry to a moneyforgold company
Because of the current state of the North American economy and the continuous increasing upward rise in gold,silver and platinum prices , it is no wonder people are rooting out their unwanted gold, silver and platinum jewelry and are trading them to cash for gold brokers because they need to find some more money to get rid of their extra bills and credit card accounts in order to get out of debt. Maybe you are in the same situation you will want to cautiously do your homework before selling your gold,silver or platinum to just any company because there are an ever increasing number of scam cash for gold companies in the gold buying industry who will happily prey on your financial desperation and pay very little for your gold. Although this behavior isn’t illegal, it is in any case, totally wrong and I am here to warn those of you who are thinking of selling your broken jewelry to be certain to stay away from gold buyers that are acting as gold brokers and to do business only with metal refineries or cash 4 gold buyers that own their own metal refineries You see, cash for gold buyers are nothing more than middle men between you and a metal refiner and as a result they will pay you approximately 30% of the market price for your gold or silver jewelry and turn around and resell it back to a gold buyer themselves and they will be pocketing the larger share and you receive a few measly bucks. Not so long ago, Fox news implemented a kind of undercover operation, where they delivered 3 identical items of jewelry to 3 different gold buyers and waited for their check and while all three businesses did in fact give them a payment for their unwanted gold, only 1 of those companies actually gave the real value of their gold while the other two companies payed out one third of today’s real value. The other 2 companies that that payed 30% of the real value were acting as a middle man while the third gold buyer that payed the real value did utilize their own metal refinery, so it is consumer beware in this industry and I absolutely recommend that you do your research before parting with unwanted gold, silver or platinum jewelry
