Cash4Gold – Cash 4 Gold a Ripoff?

Posted by admin | May 5, 2009 .

There’s an interesting Cash4Gold story over at Cash4Gold discussing the pros and cons of stuffing your scrap gold jewelry into an envelope and mailing it off to a “cash 4 gold” type of operation. Seems there are certainly some precautions one should take.

    For example:
  • Test your gold for karat content
  • Weigh your gold
  • Photograph your pieces to be shipped
  • Mail it “signature required”
  • Insure your shipment
  • Of course, all these strategies and more are taught in our “Gold Party Profits Guide.” And yes, even if you don’t plan to build a gold party business, Our Gold Testing Manual will prove to be invaluable.

    “The whole idea of sending someone you don’t know, something of value with no registration or insurance just doesn’t strike me as being a wonderfully safe thing to do, said Winter.

    He said the best way to sell jewelry or scrap gold is to find out your gold’s caret value. It’s etched on all gold jewelry made in America. Then, determine the exact weight of the gold and talk to reputable jewelers in person.

    KGW’s Wayne Havrelly asked George, “Looking back, do you ask yourself, ‘Why did I send valuable items in the mail with no registration or insurance?’” George replied, “Yes, but like I said, I did it because I wanted my son to have a good Christmas.”

    According to the Better Business Bureau in South Florida where Cash4Gold is based, “there appears to be a serious problem with packages sent to cash for gold not being received.” The BBB gives Cash4Gold a D- Rating. The Oregon Attorney General’s office said there were no unresolved complaints in our state.

    A spokesman for Cash4Gold said the company does not have any record of Kevin George sending gold or requesting a packet. They said James Knife’s shipment failed their gold testing and was thrown away after Knife failed to respond to a letter, which Knife said he never received.

    You can read the entire article here: Cash4Gold Ripoff?

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