Will you get ripped off if you trade your unwanted gold jewelery to a money4gold website

Considering the current state of the US economy and the ever increasing rise in gold and silver prices , it is no wonder people are rooting out their used gold, silver and platinum jewelry and are getting rid of them to cash 4 gold industries in an effort to find some additional dollars to reduce their extra bills and credit card accounts in order to meet their next payments.let’s say you are in the same situation you will need to carefully do your research before selling your gold jewelry to just any company because there are an ever increasing number of scam gold brokers in the precious metal buying industry who will without conscience take advantage of your desperation and give very little for your gold, silver or platinum jewelry.Even though this practice is not illegal, it is however, not in your best interest and I feel it necessary to make it known to those of you who may be thinking of exchanging your outdated unwanted jewelry to be certain to stay away from companies that are posing as gold brokers and to deal only with refineries or cash 4 gold buyers that have their own personal refineriesThe truth is, cash4gold businesses are doing nothing more than acting as a go-between, between you and a gold refinery and therefore they will give you in the area of 30% of the true value for your gold or silver jewelry and instantly resell it back to a precious metal dealer themselves therefore pocketing the larger share and  you get a few lousy bucks.Recently, Fox news implemented a sort of undercover sting, where they brought in three exact same pieces of gold to three individual cash for gold companies and waited for the payment and while all of the gold buyers did in fact send a check for the old jewelry, only one of those cash for gold companies actually submitted the real value of their gold while the other two companies payed approximately 30% of today’s value.The two gold buyers that that payed 30% of the real value were acting as middle men while the 3rd cash for gold company that payed the current market value did in fact own their own precious metal refinery, so it is consumer beware in this business and I surely suggest that you do your homework before unloading your broken gold, silver or platinum jewelry so that you don’t fall prey to the cash 4 gold scam