With gold prices being the highest ever in the past 30 years, there are many cash for gold scams out there. These scams and rip-offs have been so much that politicians are being urged to get involved to regulate the industry and to bring in some much needed sanity and honesty into industry. However, whether this happens or not, you as a customer of these companies need to protect yourself. To avoid the dreaded scams and to protect you as a customer here is a guide on what to, and what not to look for.
Look for a physical address that the company asks you to send your gold to. Does it sound like an office or a warehouse? If yes then it is more likely to be legitimate, however if it looks like a normal house number and road name then you could be sending your scrap gold directly to a scammer. Bear in mind that PO Box addresses are commonly used by these companies, as security to protect the location of the gold. This is perfectly normal.
The very best way you can do this is use a cash for gold comparison Website, a powerful tool that allows you to search through many of the most popular cash for gold in order to get you the very best deal. When you finally find the company that you want to do business with, you need to gather the gold that you intend to send off. If you are sending away gold rings, you will want to ensure that all precious stones are removed before hand. You can have this done by most jewelers, and you might find that the same jewelers will purchase the precious stone from you that day.
Finally, once all your gold is prepared and ready to be sent off – after talking to the cash for gold company over the phone you should soon receive a secure envelope through the post. This envelope will be free-post, and you will use it to package your gold and send it off to your chosen money for gold company. It’s really that simple! Your money should be received via post within the time given by the specific company, and you then have the option of taking the money or requesting your gold back.
Gold is the most popular precious metal to be used as an investment or saving platform. Gold (as well as other precious metals) is the only real “money” of substance and as such is easily traded and treated as “ready money”. Fiat currencies that most people think of as money, is nothing more than pieces of paper that people trust that it will buy them “things”. It actually carries NO intrinsic value whatsoever. There was a time when gold was money. The world’s major economies have experienced a rapid money supply growth of 10 % plus per annum in recent years, and it is not backed up by gold, as in ‘the good old days’. But the yellow metal is returning as a store of value when everything else seems risky.
Whenever someone wants to do something that involves any type of money transaction most people get the facts first. These same should be done when it comes to dealing with an online cash for gold dealer. The reason why this is so important when it comes with dealing with cash for gold services is due to the fact that not all of the cash payouts are on the same level. When you read on further you are going to find out the facts when it comes to cash for gold payouts.
The value of gold have appreciated to its highest since the last 30 years. You can always get lots of cash for your jewelry; you just need to find the best price for them though. There is a modern day gold rush like in the good old ‘Gold Rush’ days. Earn Cash For Gold