Scams

6 Tips for Avoiding Cash for Gold Scams

When the price of gold rises, you may consider selling the gold jewelry that you own as an easy way for additional cash. However, you have to be very careful because there are a lot of cash for gold scammers around, waiting to rip you off. Consumers are at a disadvantage when it comes to getting the right amount for their gold jewelry. For the sellers of gold, it is unfortunate that many gold buyers open transitory stalls in the mall or send their reps to events or private parties, just to swindle the innocent. For that reason, you won’t be able to contact them to complain about your transaction, if you are not pleased. In addition, there are still many proven tactics that these unscrupulous people use to scam the consumer such as bait and switch methods and inexact scales. To avoid the scam, follow the six steps below prior to selling your gold coins or gold jewelry.

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