Carnopolis Blog
Welcome to Carnopolis
Will you be scammed if you sell your gold to a dollars for gold website
December 18th, 2009 by admin
When you consider the current condition of the American economy and the forever increasing surge in precious metal prices , it is obvious why people are rooting out their unwanted Gold, silver and other precious metals and are trading them to cash 4 gold companies in an effort to come up with some extra dollars to get rid of some financial woes as a way to make future bill payments.Maybe you are in the same situation you will be wise to methodically do your homework before giving away your unwanted jewelry to just any gold dealers in that there are an ever increasing amount of scam players in the precious metal buying business who will happily take advantage of your financial situation and pay a small percentage for your gold, silver or platinum jewelry.I realize that this behavior isn’t fraudulent by definition, it is in my opinion, totally wrong and I am here to tell those of you who might be thinking of selling your old unwanted jewelry to be sure to refrain from dealing with gold buyers that are acting as middle men and to conduct business only with metal refineries or gold buyers that have their in-house metal refineriesYou must realize, cash for gold companies are doing nothing more than acting as a go-between, between you and a gold refinery and as a result they will pay you in the neighborhood of 30 percent of the value for your gold or silver jewelry and easily trade it directly to a precious metal dealer themselves and they will be pocketing the largest share while you keep a couple measly bucks.In recent days, Fox news implemented a sort of undercover sting, where they brought in 3 exact amounts of gold jewelry to 3 individual cash for gold businesses and waited for their check and while all of the companies did in fact give them a payment for their broken jewelry, only one of those companies actually paid the real value of their gold while the other two companies payed about 30 percent of today’s current market value.The two companies that payed out such a small amount were acting as middle men while the third gold buyer that payed the current market value did own their own metal refinery, so it is consumer beware in this business and I strongly recommend that you do your research before unloading your unneeded precious jewelry so that you can’t get taken by the cash for gold scam