We all see cheesey, cheap and nasty advertising for cash4gold (or their competitors) all over day-time television. It’s almost tempting to believe that the whole thing is a scam – you send them gold and other precious metals and they send you a cheque.
Does this sound too good to be true to you? I don’t blame you – there is a lot of hype surrounding this at the moment and it can certainly be difficult working out facts from fiction.
So… what is the catch?
Oddly enough – this isn’t one. There are actually companies out there that buy gold, silver and platinum from people who no longer have use for their jewllery. However, it’s worth bearing in mind that whatever the company offers won’t be a high value sum – at least not what it’s actually worth.
In spite of this there are benefits to selling gold, apart from the fact that many gold companies will offer you more money than your local pawnbroker or jeweler (you may need to give them a nudge in the right direction – you don’t always need to accept the first offer). It is certainly worth considering if, for example, you’re faced with loan debt, maybe you’ve lost a job or you’re struggling to pay off your credit card. Selling your gold for cash is not a bad rote to consider, especially if you have a fair bit you wish to dispose of.
Why Is Cash 4 Gold Such A Big Deal?
Well cash for gold used to be relatively low-key previously, however, with the World’s economy taking such a dive in recent years the demand for, along with the cost of gold has grown. This is largely due to the investment potential of precious metals over hard currency (let’s face it – it’s not as “hard” as it used to be).
In addition to this, in recent years, emerging economies such as China and India have both looked to gathering as much gold bullion as possible. In fact China’s gold stock exchange is expected to be the main global gold commerce centre, ahead of the USA and UK. So, let’s face it, your broken or unwanted jewellery is in high demand and, hopefully, you’ll get a good price for it.
But I urge you to start selling now if you’re thinking about it – who knows when the gold bubble could burst?! 2012 / 2013 maybe – when the global economy starts growing again? I don’t know – I’m not an investment banker or stock-broker – I’m just a guy with an opinion.
Which Cash 4 Gold Companies Are The Best?
Personally I’ve always found Ramsdens to offer the best prices for any gold I’ve looked to sell. The main reason I recommend these guys is simply because they’re a British company (unlike Cash4Gold) and have been established for over 50 years.
However, there are a number of other cash 4 gold firms out there who could also offer you a good price for your gold. Take a look at a few of these guys and make your own mind up: