Dodds` Company Blog

When you take into consideration the live state of the North American economy and the forever increasing rise in gold prices , it is obvious why people are bringing out their used gold jewelry and are getting rid of them to cash 4 gold businesses as a method to make some extra cash to reduce their extra debits and to make ends meet.Maybe you are in the same situation you will be wise to carefully do your homework before giving away your gold or silver to just any company because there is a huge increase in the amount of scam players in the gold buying industry who won’t hesitate to take advantage of your financial desperation and give a small percentage for your gold, silver or platinum jewelry.I realize that this practice may not be illegal, it is in my opinion, wrong and I am here to tell those of you who are thinking of trading your unwanted unwanted jewelry to be certain to avoid gold buyers that are acting as middle men and to do business only with precious metal refineries or cash for gold companies that utilize their own personal precious metal refineriesYou see, gold buyer are nothing more than middle men between you and a metal refiner and because of that they will give you approximately 1/3 of the true value for your gold jewelry and turn around and trade it back to a gold buyer themselves thereby obtaining the lions share while you receive a couple lousy bucks.Recently, Fox news put together a kind of undercover sting, in that they delivered three replica amounts of gold jewelry to three individual precious metal businesses and waited for their check and while 3 of the companies did in fact forward a payment for their broken gold, only 1 of those cash 4 gold companies actually paid the real value of their gold while the other two companies payed about 1/3 of today’s current value.The two companies that that payed 30% of the real value were acting as a go-between while the third cash 4 gold business that payed the current market value did own their own in-house refinery, so it is consumer beware in this business and I strongly suggest that you do your part before parting with old gold, silver or platinum jewelry so that you won’t get taken by the cash for gold scam