Considering the latest condition of the US economy and the forever increasing rise in gold prices , it is no wonder people are getting out their broken gold and platinum jewelry and are trading them to cash 4 gold refineries in an effort to come up with some additional income to get rid of some debts in order to make ends meet.let’s say you are experiencing the same situation you will be wise to methodically do your research before giving away your unwanted jewelry to just any gold buyers for the reasons that there is a large number of unethical companies in the jewelry buying business who won’t hesitate to take advantage of your desperation and reward almost nothing for your gold, silver and platinum.The fact that this practice may not be a scam, it is in any case, not in your best interest and I feel it necessary to make it known to those of you who may be considering trading your broken gold, silver or platinum jewelry to be sure to avoid companies that are acting as gold brokers and to deal only with refineries or gold buyers that own their in-house refineriesThe fact is, cash4gold businesses are nothing more than a go-between, between you and a precious metal refinery and because of that they will reward you approximately 1/3 of the value for your fine jewelry and instantly sell it back to a precious metal dealer themselves therefore keeping the lions share and in turn you receive a couple lousy dollars.In recent days, Fox news conducted a kind of undercover operation, in that they mailed in three replica amounts of gold jewelry to three separate precious metal businesses and waited for their check and while 3 of the companies did in fact send a check for their unwanted gold, only 1 of those cash for gold buyers actually submitted the true value while the other 2 gold buyers payed about 1/3 of today’s current value.The two gold buyers that that payed out 1/3 of the market value were acting as middle men while the third cash for gold company that payed the real value did own their own in-house refinery, so it is consumer beware in this industry and I strongly suggest that you do your utmost before parting with broken precious jewelry so that you don’t become a victim of the cash for gold scam