Should you sell your gold or silver to a dollars4gold broker

When you take into consideration the live condition of the US economy and the forever increasing upward rise in gold,silver and platinum prices , it is necessary that people are bringing out their used gold and platinum jewelry and are pawning them to cash 4 gold dealers because they need to come up with some additional cash to reduce their bills and credit card accounts as a way to get out of debt.If you are in the same situation you will be wise to carefully do your research before selling your gold,silver or platinum to just any gold dealers in that there are an ever increasing number of scam gold buyers in the jewelry buying industry who will gladly take advantage of your financial situation and reward almost nothing for your gold.The fact that this practice may not be illegal, it is in my opinion, wrong and I am here to inform those of you who may be thinking of getting rid of your outdated gold to be sure to refrain from dealing with companies that are acting as middle men and to conduct business only with metal refineries or cash 4 gold businesses that own their own metal refineriesYou must realize, cash for gold buyers are doing nothing more than acting as middle men between you and a metal refiner and therefore they will reward you in the neighborhood of 1/3 of the value for your fine jewelry and quickly trade it directly to a gold refiner themselves and they will be pocketing the largest share and in turn you get a couple lousy bucks.Not so long ago, Fox news conducted a sort of undercover operation, where they delivered 3 identical amounts of jewelry to 3 individual precious metal dealers and waited for the payment and while all three gold buyers did in fact send a check for the old jewelry, only 1 of those gold buyers actually gave the true value while the other two companies payed approximately 1/3 of today’s real value.The 2 gold buyers that fell short were acting as brokers while the 3rd gold buyer that payed the real value did have their own metal refinery, so it is seller beware in this industry and I absolutely recommend that you do your homework before parting with used gold jewelry so that you don’t become a victim of the cash for gold scam