When you take into consideration the live state of the North American economy and the forever increasing surge in gold,silver and platinum prices , it is no wonder people are taking out their unwanted gold and silver jewelry and are selling them to cash 4 gold brokers because they need to make some more income to pay off some extra bills and credit card accounts as a way to make their next mortgage payment.

If you are experiencing the same situation you will need to carefully do your research before selling your gold,silver or platinum to just any company in that there is a huge increase in the number of fraudulent cash for gold companies in the gold buying industry who will without conscience prey on your financial situation and pay a small percentage for your precious metal.

I realize that this behavior may not be fraudulent by definition, it is in any case, totally wrong and I want to warn those of you who might be considering trading your broken gold jewelry to be certain to refrain from dealing with businesses that are posing as gold brokers and to do business only with precious metal refineries or gold buyers that utilize their in-house precious metal refineries

The truth is, gold brokers are nothing more than a go-between, between you and a metal refiner and as a result they will pay you in the neighborhood of 1/3 of the value for your gold and instantly resell it directly to a gold refiner themselves thereby keeping the largest share and you receive a few measly dollars.

Recently, Fox news implemented a kind of undercover sting, where they delivered 3 of the same pieces of gold jewelry to 3 different precious metal buyers and waited for their check and while all of the businesses did in fact give them a pay out for their old jewelry, only 1 of those cash for gold buyers actually submitted the current market value while the other two companies payed out 1/3 of today's true value .

The 2 gold buyers that that payed out 1/3 of the market value were acting as a go-between while the 3rd company that payed the current market value did own their own precious metal refinery, so it is customer beware in this industry and I strongly recommend that you do your research before trading in your used precious jewelry so that you can not fall for the cash for gold scam