Is it worth selling your gold jewelery to a money 4 gold business

When you take into consideration the live condition of the world economy and the continuous increasing 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 4 gold brokers because they need to find some extra income to pay down some extra financial woes in order to make future bill payments.let’s say you are in the same situation you will need to cautiously do your investigative work before giving away your gold,silver or platinum to just any gold dealers for the reasons that there is a large number of fraudulent cash for gold companies in the gold buying business who will happily prey on your desperate situation and pay very little for your gold or silver jewelry.I realize that this behavior is not fraudulent by definition, it is however, totally wrong and I want to inform those of you who are thinking of parting with your used gold, silver or platinum jewelry to be sure to stay away from companies that are acting as middle men and to conduct business only with refineries or gold buyers that institute their own refineriesYou must realize, cash4gold businesses are being a go-between, between you and a metal refiner and therefore they will pay you approximately 30 percent of the market price for your gold, silver or platinum and instantly resell it back to a gold buyer themselves and they will be pocketing the largest share and in turn you get a few measly bucks.Not so long ago, Fox news implemented a sort of undercover operation, where they mailed in 3 exact pieces of gold to 3 different cash for gold companies and waited for their check and while 3 of the businesses did in fact deliver a check for the old jewelry, only one of those cash for gold businesses actually submitted the real value of their gold while the other cash for gold companies payed out 30 percent of the current value.The 2 cash4gold companies that fell short were acting as brokers while the third cash 4 gold business that payed the real value did utilize their own gold refinery, so it is consumer beware in this industry and I surely suggest that you do your research before selling your old gold or silver jewelry so that you don’t get taken by the cash for gold scam