When you consider the present condition of the North American economy and the continuous increasing spike in gold,silver and platinum prices , it is apparent why people are getting out their damaged gold and platinum jewelry and are pawning them to cash 4 gold businesses as a method to acquire some spare income to get rid of their extra bills and credit card accounts in an effort to meet their next payments.

Assuming you are in the same situation you will be wise to cautiously do your research before unloading your precious metals to just any gold dealers for the reasons that there is a large number of unethical gold buyers in the precious metal buying business who will gladly prey on your financial situation and give a small percentage for your gold or silver jewelry.

I realize that this behavior is not a scam, it is in my opinion, wrong and I am here to inform those of you who are considering getting rid of your old gold or silver to be sure to stay away from gold buyers that are posing as middle men and to conduct business only with refineries or gold buyers that own their own precious metal refineries

The truth is, gold brokers are doing nothing more than acting as a go-between, between you and a precious metal refinery and because of that they will pay you about 1/3 of the actual value for your gold, silver or platinum and instantly trade it directly to a gold refiner themselves and they will be keeping the lions share and you receive a couple measly dollars.

Not so long ago, Fox news implemented a sort of undercover operation, where they delivered 3 replica pieces of jewelry to three individual cash for gold companies and waited for their check and while all of the businesses did in fact give them a payment for their old jewelry, only 1 of those gold buyers actually gave the current market value while the other 2 gold buyers payed about 30 percent of today’s true value .

The 2 cash4gold companies that fell short were acting as a go-between while the 3rd cash 4 gold business that payed the true value did utilize their own gold refinery, so it is customer beware in this industry and I strongly recommend that you do your part before unloading your unwanted gold, silver or platinum jewelry so that you don’t become a victim of the cash for gold scam