Cash For Gold Scam – 3 Ways To Protect Yourself From It

Today, earning instant cash continues to be widespread. However, there are other individuals who make an effort to benefit from other people’s weaknesses simply to make quick money. Scammers are everywhere. They can be found online and offline. They will try their best to take advantage whenever they see new opportunity. Currently, considering that the the amount of gold is continuously rising, scammers are taking advantage of this great opportunity. Cash for gold itself is not a hoax. You could actually get paid by simply selling your old gold coins, jewelries, junk gold to the reliable gold buyers or cash for gold company. Unfortunately there are individuals pose themselves as real dealers and investors and if one is not careful enough, one can be a victim of cash for gold scams. If you are interested in selling your gold pieces for cash, here are some tips so that you will not be a victim of these vicious scams:

Be Wise While using The world wide web
Scams are widespread on the world wide web, even on sites as famous as Craigslist. Usually in online auctions, you are showered with basic details and a clear picture of their products and even company’s profile if that online company is offering to buy your gold items. Usually, auctions and marketing companies online look into its users’ reports of possible scammers. To avoid being scammed, you must learn how to distinguish the indicators of cash for gold selling scam.

When fishing for companies online that deals gold, make sure you get all the information about the company and verify that data, if possible. You should not easily fall into the company which has a physical address. Confirm if the address is legitimate and call the phone numbers included in their website. You should not leave any important information about you if you are not 100 percent sure that the company or the person is to be trusted.

Decline Listings That Seek Payment Before You Can See The Item
It is very vital that you realize that if you are buying any gold jewelries, you don’t need to pay out the dealer before you see the items. Also, you do not have to pay the gold dealer to schedule a meeting just to see the items. Gold dealers and sellers who ask for upfront payment are not to be trusted.

Understand All Fees And Commissions Charged
You should not be shy to ask. If you think you should have more clarifications and facts, always ask to clear things up. While you’re on the phone, talking with the dealer you might want to ask for their first offer. Don’t conform to an offer a lesser amount than 80% of the spot price of gold. Also, go surfing the internet and have a look at the cash for gold company’s investing gold policies. See just how much they may be keen to pay out out and how they go relating to the handling and shipment of your gold. Make sure you gather as much information as you can, most especially when it comes to fees such as shipping fees, commissions and others. Also, find out the basis for each of these fees. It is better if you have a clear picture of your overall budget so that you will not go overboard. If in doubt, don’t buy or sell gold items.

Surely, there are many people who are becoming victims by cash for gold scams. You must be aware that not everyone you meet or deal online is genuine. Moreover, are not essential to take any gold refiner’s or gold dealer’s initial offer. If you are unsatisfied with their offer and you understand that your gold is worth more, you have the right to say no. Be a diligent seller and buyer and you will not be ripped off your gold.

Cash for gold scams are nerve wrecking. Discover the common Cash for gold scams happening today and visit the links provided.