Because of the actual condition of the US economy and the forever increasing upward rise in gold prices , it is obvious why people are bringing out their broken gold, silver and platinum jewelry and are selling them to cash 4 gold dealers because they need to come up with some additional money to get rid of their extra bills in order to make their next mortgage payment.

Maybe you are experiencing the same situation you will want to cautiously do your homework before giving away your gold or silver to just any gold buyers in that there is a huge increase in the number of fraudulent players in the precious metal buying business who will gladly take advantage of your desperate situation and pay very little for your gold, silver and platinum.

I realize that this practice may not be illegal, it is however, totally wrong and I want to make it known to those of you who might be thinking of trading your unwanted gold to be certain to stay away from companies that are posing as middle men and to do business only with metal refineries or cash for gold businesses that institute their own personal metal refineries

The truth is, gold buyer are simply acting as middle men between you and a precious metal refinery and because of that they will pay you in the area of one third of the true value for your gold, silver or platinum and quickly unload it directly to a gold buyer themselves therefore obtaining the lions share and in turn you receive a couple lousy dollars.

In recent days, Fox news put together a sort of undercover operation, in that they sent in 3 replica items of gold to 3 individual precious metal companies and waited for their check and while all of the gold buyers did in fact give them a pay out for the used jewelry, only one of those companies actually paid the true value while the other two companies payed about one third of the current value.

The 2 cash4gold companies that fell short were acting as a go-between while the third gold buyer that payed the most value did own their own in-house refinery, so it is seller beware in this business and I highly recommend that you do your part before parting with used family jewelry so that you can not get taken by the cash 4 gold scam

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