Considering the current state of the North American economy and the continuous increasing surge in gold,silver and platinum prices , it is no wonder people are digging out their damaged gold and silver jewelry and are unloading them to cash 4 gold refineries in an effort to make some extra cash to pay down some debts as a way to make their next mortgage payment.Assuming you are in the same situation you will be wise to methodically do your homework before unloading your gold jewelry to just any gold dealers in that there is a huge increase in the amount of fraudulent players in the precious metal buying industry who will without conscience take advantage of your desperation and reward very little for your gold or silver jewelry.I realize that this practice may not be fraudulent by definition, it is in my opinion, immoral and unethical and I feel obligated to warn those of you who might be considering trading your used gold, silver or platinum to be sure to refrain from dealing with companies that are posing as gold brokers and to do business only with refineries or gold buying companies that have their own refineriesYou must realize, gold brokers are simply acting as brokers between you and a gold refinery and as a result they will reward you in the neighborhood of one third of the value for your fine jewelry and instantly trade it directly to a gold refiner themselves therefore obtaining the larger share and in turn you get a few measly bucks.In recent days, Fox news implemented a kind of undercover operation, in that they submitted 3 exact same items of gold jewelry to 3 different gold buyers and waited for the payment and while all of the companies did in fact deliver a check for their unwanted jewelry, only 1 of those cash for gold companies actually gave the current market value while the other two companies payed about one third of today’s true value .The other 2 companies that payed out such a small amount were acting as a middle man while the third company that payed the current market value did utilize their own gold refinery, so it is seller beware in this industry and I strongly suggest that you do your utmost before selling your old family jewelry so that you can’t fall prey to the cash 4 gold scam
