When you consider the latest condition of the American economy and the continuous increasing surge in precious metal prices , it is obvious why people are getting out their used gold, silver and platinum jewelry and are selling them to cash 4 gold industries as a method to come up with some additional income to reduce their extra financial woes to to get out of debt.let’s say you are in the same situation you will be wise to carefully do your research before trading your gold or silver to just any gold brokers because there are an ever increasing amount of fraudulent cash for gold companies in the jewelry buying industry who won’t hesitate to prey on your desperate situation and pay very little for your gold, silver and platinum.The fact that this way of doing business is not illegal, it is in my opinion, very wrong and I feel it necessary to tell those of you who might be considering getting rid of your old jewelry to be sure to refrain from dealing with businesses that are posing as middle men and to conduct business only with precious metal refineries or cash for gold companies that institute their own personal precious metal refineriesThe truth is, gold buyer are simply acting as a go-between, between you and a precious metal refinery and because of that they will pay you approximately 30 percent of the actual value for your gold jewelry and quickly trade it directly to a precious metal dealer themselves therefore pocketing the largest share and in turn you keep a couple lousy dollars.A short while ago, Fox news put together a kind of undercover operation, in that they sent in three exact amounts of jewelry to three individual cash for gold dealers and waited for their check and while all three gold buyers did in fact deliver a check for their unwanted gold, only 1 of those cash for gold businesses actually submitted the current market value while the other cash for gold companies payed approximately 30 percent of today’s true value .The other 2 companies that that payed 30% of the real value were acting as brokers while the 3rd cash 4 gold business that payed the most value did own their own metal refinery, so it is seller beware in this industry and I strongly suggest that you do your research before parting with broken precious jewelry so that you won’t get taken by the cash 4 gold scam