Most jewelers as well as gold dealers are honest people who work hard to provide you with the best prices for your gold items. With the gold prices touching all-time high, there are plenty of tricksters who would want to part you with your money by employing unethical means. We will be discussing about the common issue and some advices on what you can do to protect yourself from falling prey to such scams and hoodwinks.
The scam is one of the many other variations in the gold industry of the very old bait and switch mechanism. The amounts of cash for gold are advertised on various websites. You then mail them gold and they answer with a quote that is much below your expectations. What is this called? You just fell prey to the bait and switch con. In order to lure in consumers to buy or sell gold, many dealers put up lucrative prices but never mention their minimum prices of their gold trade. Minimum price is anything ranging between one or two ounces. For smaller amounts, they pay quite less and hence, do not list them of their websites. While you can always decide to cancel the deal and ask for your gold back, many people do not want to go through the hassle.The gold is with the dealer so they just accept the small price and resign themselves to the money. Now it might not be illegal to do something like this but it is definitely unfair and immoral.
Now the question arise how do you catch the hood wink and protect yourself from such scams? The most important thing to do in order to protect you from such scams is to read the dealer’s schedule of costs carefully in addition to their terms and conditions. Check if they areofferingyou any kind of money back guarantee in case you are not happy with the prices they offer or if they will charge a shipping fee to withdraw youroffer and ship back your jeweler in case you do not accept their offer.Many people buy gold for cash exchange in order to make investments.
Then there are people who do simply not trust enough to mail their gold via the mailing services. Ifyou are one of such people then there e are other options for you. One such option is the latestFas of gold parties. This is a party where the hosts invitee their friends as well as family over to their house and allow you to sell your gold to a dealer available at the party. While this is an amazing alternative, like everything else, you must be cautious in order to protect yourself from scams etc.
All in all, it is important to pay attention to minute details before bring ready to sell your gold. You must unleash an extensive research about various dealers and compare prices form a number of dealer and jewelers in order rot end up with a good deal foryour gold.
Robert Avotina searched gold buyers, in the discussion itself he has found many merchants are cheating the public, and finally he has found cash for gold and gold for cash. He recommending the same to everyone.
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