Because of the present state of the world economy and the ever increasing rise in gold and silver prices , it is apparent why people are rooting out their damaged Gold, silver and other precious metals and are trading them to cash 4 gold industries as a method to find some extra dollars to get rid of some extra bills as a way to make their next mortgage payment.If you are in the same situation you will need to methodically do your investigative work before giving away your gold,silver or platinum to just any company because there are an ever increasing amount of scam players in the precious metal buying industry who will gladly prey on your desperation and pay you next to nothing for your jewelry.The fact that this way of doing business may not be a scam, it is however, very wrong and I feel obligated to tell those of you who are considering trading your defective gold to be sure to avoid gold buyers that are posing as middle men and to do business only with gold refineries or cash for gold companies that utilize their own personal gold refineriesYou must realize, gold buyer are being brokers between you and a precious metal refinery and therefore they will pay you approximately 30% of the true value for your gold and turn around and unload it directly to a gold buyer themselves thereby pocketing the largest share while you get a few lousy dollars.Recently, Fox news conducted a sort of undercover operation, in that they sent in three exact items of gold to three individual precious metal buyers and waited for their check and while 3 of the gold buyers did in fact give them a payment for their broken gold, only one of those cash 4 gold companies actually paid the true value while the other 2 gold buyers payed about 30% of today’s real value.The 2 gold buying companies that gave so little were acting as middle men while the 3rd cash for gold company that payed the current market value did in fact own their own in-house refinery, so it is seller beware in this industry and I highly recommend that you do your research before trading in your unwanted gold jewelry so that you can’t fall for the cash for gold scam