Will you be scammed if you sell your old gold to a CashforGold broker

When you consider the current state of the world economy and the forever increasing movement upwards in gold prices , it is necessary that people are digging out their old gold and silver jewelry and are unloading them to cash 4 gold companies as a way to find some more money to get rid of their extra bills and credit card accounts in order to make their next mortgage payment.Maybe you are in the same situation you will want to carefully do your research before distributing your gold,silver or platinum to just any gold dealers in that there is a huge increase in the amount of fraudulent gold brokers in the gold buying business who will happily take advantage of your financial situation and give very little for your gold and silver.The fact that this practice may not be fraudulent by definition, it is in my opinion, very wrong and I feel it necessary to inform those of you who might be thinking of exchanging your broken gold, silver or platinum to be certain to avoid companies that are acting as middle men and to do business only with precious metal refineries or cash for gold businesses that have their in-house precious metal refineriesThe fact is, cash for gold companies are simply acting as brokers between you and a precious metal refinery and as a result they will give you approximately 1/3 of the market price for your gold and turn around and trade it back to a precious metal dealer themselves therefore pocketing the larger share while you receive a few measly dollars.A short while ago, Fox news conducted a sort of undercover sting, in that they delivered 3 of the same items of jewelry to 3 different cash for gold companies and waited for their payout and while all three businesses did in fact deliver a check for their old gold, only one of those cash 4 gold companies actually gave the real value of their gold while the other 2 gold buyers payed out 1/3 of today’s current market value.The two companies that fell short were acting as middle men while the 3rd cash for gold company that payed the current market value did utilize their own in-house refinery, so it is consumer beware in this industry and I surely suggest that you do your research before parting with unneeded gold or silver jewelry so that you can not fall prey to the cash 4 gold scam