The present ads asking you to sell your gold why should you

For some people it is access to cash that they desparately need right now. It can be a choice between keeping your old jewelry or feeding your children; a no-brainer. But, that being said, be VERY VERY careful of who you are dealing with. Many (most) of these companies are ripping customers off. They do NOT give you market value for your gold even though they claim they do. The companies offering to buy your old gold are melting it down and selling it to jewelers who use it to make new jewelry. Naturally they are making a profit on this because that is their business. But they are really cheating their customers badly for huge profits. Just out of curiousity I tried one of them. Sent a few old broken chains, etc. to see what they would do. I figured it was about $25 to $40 worth and they sent me a check for $10.50! Now I fully expected them to make a profit, after all they are a business, but was shocked to receive so little. If anyone decides to do this be sure to check the company out with the BBB and Consumer Affairs first. Cash4Gold was the worst one on their list and, of course, that is the one I used. LOL Take your old gold to a reputable gold/silver exchange or jeweler if you intend to sell it. Oh well, I expected them to cheat me and proved my point for sure.

I think is wrong of them to do this and any one that does sell thier gold has got to have a few screws loose!. I sure wouldnt I get to inheret a gold and ruby ring that was my grandmas way old old. would never part with it as I wouldnt the ring my hubby bought me!!!

Personally I am not sure I have any Gold jewelry lying around, but what gets me is why sell someone your Gold jewelry to someone like this when they will turn around and resell it for like a lot more, and you will be left out in the cold. Seriously I think people's best interest would be to hold on to the jewelry or if they are really desperate for $$ sell it locally to another person and feel better about the $$ you can earn from doing so as well.

I have an old class ring I have not worn in 30 years that I would consider selling, and now is the best time, with prices so high, and September is the traditional best month to sell gold, according to a news report here in Houston yesterday.

hi suspenseful when I sold my Black Hills Gold ring and necklace tooe of those places I got almost zilch, and lost about all the value of them whence had I kept them they wou ld now be worth a lot of money money that I could use, no those places are mostly a rip off,you get about one third of the real value of your jewelery and thats a total ripoff

We get those adverts here as well,put your gold into a packet and send it off.Not likely anything I have will be taken to shop where I can see the person it is being sold to.Any one could cheat you.Besides my wedding ring is to precious to sell and my jewellery is most precious,if I were in a posistion where it had to be sold I would want to look the person in the eye I was selling it to.

it is sentimental but when people are in dire need of money,i donot think they t doewould look at profit and loss but otherwise is look as a waste.personally,i donot have any gold jewellery(personal choice)]\

people just need fast cash and that's why they do it the economy the way it is now, they need more cash than gold I don't have much made of gold aside from wedding ring and some other things I don't like buying jewelry too much in the first place

Honestly, a few months ago I needed money desperately and took some old gold in. God $85 and it was greatly needed at the time. I guess it depends on how much you would need the money at the time - the things I sold had no other value to me any longer.

I only have a few gold pieces so I have no plans of every selling them. My grandma gave them to me and I'll pass them down to my daughter when she's older.

I have some jewelry but i don't really wear them... some where given and others i bought for myself... and when i need cash... i sometimes pawn them and work really hard to get them back... i actually thought of just selling one or two that i feel are not that important to me... but i can't bring myself to do that... I am not that fond of wearing jewelries... but i know that these gold will be worth more in the future... so selling them now is just not worth it...

Sadly, in this economy, people are desperate to make ends meet. I had a few broken pieces which I tried one of the sites and sent in a chain. They gave me very little. Then I took the rest to a local booth in a nearby mall,where they gave me a lot more. It was broken and had been for years, so I figured if I hadn't bothered to fix them, I wasn't going to use them. I didn't want to do it, but I had to pay my mortgage, so sadly, I will have to do the same thing next month with another piece of jewelry. I still have my wedding ring though!

[b]I'd keep mine (I have very little). I see no reason to sell the sole item likely to rise in value when our dollar is going the way of the peso or the lira. I just pray we don't go to the (censored! ) "Amero!" Maggiepie "WHERE'S THE BIRTH CERTIFICATE?"[/b]

It kind of makes you wonder or think about what they are really wanting it for. Is it because there is a shortage and no one really knows where to get more gold or is it because they are just trying to increase there profits by turning the gold they get into something and putting a higher price tag on it than what they gave the person for it.

I think a lot of people see it as a way to get rid of something that they can get cash for, it would be wise to have it melted down and given back to you so you could invest it for later on. The whole speil about buying back your gold is based on the surge of precious metals and the fact that they are in need of a resurgence into the market. It used to be stamps, then coins, now jewelry.

I've been wondering that myself. It makes no sense to sell gold for money when the money isn't even worth what it used to be worth. As much as I don't like my college class ring, I'm not going to sell it for anything, and this is precisely the reason why.

The main reason why there is companys popping up everywhere now at this present time asking people to send away their gold is because gold is at its highest value now so can you imagine the profit thses comapnys are making tons and tons and we will never know the true value our old broken gold chains are actually worth unless we go into the buisness ,but yes it actually quite awful really imagine having to send your oldbroken chains, yes its broken but the value it has to the person could be imense all the memories etc,and for them to be that desperate to need some little money they send their chains away, its quite bad and in these times ,these comapnys must be having a field day,i just hope people are researching on which companys are the best and which ones pay out the most money, because i can imagine may people giving away some thing which holds more value than just money,its like selling memories for mear pence.