Because of the latest state of the US economy and the forever increasing upward rise in precious metal prices , it is apparent why people are digging out their used gold and silver jewelry and are unloading them to cash 4 gold refineries as a way to acquire some additional income to get rid of some extra debits in an effort to make ends meet.Maybe you are in the same situation you will want to carefully do your homework before trading your unwanted jewelry to just any company because there is a large number of scam gold buyers in the precious metal buying industry who will without conscience take advantage of your desperation and pay very little for your precious jewelry.Even though this way of doing business may not be fraudulent by definition, it is in my opinion, wrong and I want to tell those of you who might be considering parting with your broken gold, silver or platinum jewelry to be sure to refrain from dealing with companies that are acting as gold brokers and to deal only with metal refineries or gold buyers that institute their own personal metal refineriesThe fact is, gold brokers are being middle men between you and a metal refiner and therefore they will pay you in the neighborhood of one third of the market price for your gold or silver jewelry and instantly sell it directly to a gold refiner themselves thereby obtaining the larger share and in turn you keep a few lousy dollars.Not so long ago, Fox news conducted a sort of undercover operation, in that they brought in 3 exact same items of jewelry to 3 separate precious metal dealers and waited for the payment and while all of the gold buyers did in fact give them a payment for the old gold, only one of those cash for gold buyers actually submitted the true value while the other cash for gold companies payed about one third of today’s true value .The 2 gold buyers that that payed out 1/3 of the market value were acting as brokers while the 3rd gold buyer that payed the true value did have their own gold refinery, so it is seller beware in this business and I surely recommend that you do your part before selling your unneeded precious jewelry so that you can’t become a victim of the cash 4 gold scam