When you consider the latest state of the world economy and the ever increasing surge in gold and silver prices , it is necessary that people are bringing out their damaged gold jewelry and are pawning them to cash 4 gold companies because they need to acquire some spare money to pay off their bills in an effort to make future bill payments.If you are in the same situation you will need to cautiously do your research before giving away your gold or silver to just any company for the reasons that there are an ever increasing number of scam companies in the gold buying business who will gladly prey on your financial situation and pay almost nothing for your precious metal.I realize that this practice may not be a scam, it is in any case, immoral and unethical and I want to tell those of you who may be thinking of trading your outdated gold jewelry to be sure to stay away from companies that are posing as gold brokers and to deal only with precious metal refineries or cash 4 gold buyers that institute their own precious metal refineriesThe truth is, cash4gold businesses are nothing more than middle men between you and a metal refiner and as a result they will pay you approximately 30% of the actual value for your fine jewelry and quickly trade it directly to a precious metal dealer themselves and they will be obtaining the lions share and in turn you receive a few lousy dollars.Not so long ago, Fox news put together a sort of undercover sting, in that they mailed in three exact items of jewelry to three individual precious metal businesses and waited for the payment and while all three companies did in fact deliver a check for their broken gold, only 1 of those cash 4 gold companies actually gave the real value of their gold while the other two companies payed out 30% of today’s current market value.The other 2 companies that that payed 30% of the real value were acting as a middle man while the third cash 4 gold business that payed the most value did have their own precious metal refinery, so it is customer beware in this business and I surely recommend that you do your part before unloading your unwanted gold or silver jewelry so that you should not become a victim of the cash for gold scam