I have sold a lot of gold at pawnshops in my time and bought much from them, as well. I lived in Chicago for many years and there are pawnshops everywhere. Though, I was never impressed with the amount of money I got for my gold, I still did it because it was just so darn convenient.
I have some rings I no longer want and checked around at cash for gold local places for prices. Talk about low ball….with the cost of gold as much as it is, I was pretty disgusted at what they offered me. So, I decided to check online for a gold buyer. I read that the upside for selling to an online dealer is you will most likely get a better price than by selling to a cash for gold store down on the corner.
Also, I read about the ‘cash for gold scam.’ I wasn’t sure if this was a real thing or something created by online dealers and Internet marketers as an advertising ploy. Apparently, as I came to discover, it really happens. Now, that’s just discouraging, right? Who wants to get nothing compared to something less? So, I decided to check out a bunch of places online, as many websites suggested.
I was shocked at how easy it is to find out about a cash for gold scam. When people get burned, there is no stopping them. Word, especially bad word, spreads like wild fire on the Internet. Thank goodness…it benefits the rest of us tremendously!
Look what I found at the BBB about Cash4Gold.com
…not accredited…hmmm. That’s the first sign. I started clicking around.
Wow! That would indicate to me there is a serious cash for gold scam going on! Look what else I found… Cash4Gold scam. Holy cow. That is really bad. I am surprised they have not changed their name and are operating under a new entity. That is shameful. They definitely are crossed off my list of possible gold buyers.
So, I kept looking. There has to be some good online cash for gold businesses out there right? I came across CashForGoldUSA.com, whose business name is CJ Environmental, Inc. They are all over the search engine and their website says how awesome they are…
There must be some serious stuff on them in here, I thought. So, again, I nosed around and found reviews.
…and that’s just two of them. There are many others.
67 complaints. One, maybe two, I could understand. You can’t please everyone…but 67? Not cool. You can actually read the complaints.
There are just way too many to post here, but feel free to look for yourself at the BBB website. It appears, they are very vague and you cannot get ahold of them once the deal is done. These people are having to fight for the money that is rightfully theirs from CashForGoldUSA.com. Scary.
I just kept looking at cash for gold companies. I was comparing price, speed and BBB rating. I did Google searches:
-(Company Name) review
-(Company Name) scam
-(Company Name) experience
…looking for genuine reviews of the companies. Some companies pay people to go out and post overly positive reviews for their company or to post negative reviews about their competitors. I know this, I am a web designer, for pete’s sake. So, I took extra caution and depended heavily on the honesty of the BBB.
I found this one place, they had no bad reviews that threw up red flags, so again, I turned to the trusty BBB website.
I found one! A company that buys gold with a good reputation…
They have not even one complaint filed against them.
These are the cash for gold guys I am going to try; ExpressGoldCash.com. Gonna give them a shot. I will send off some gold, just my 2 rings, and see how it turns out…keep you posted on how it goes. I want to see if it is more than what the pawnshop and jewelry store will give me and how good their service really is.
UPDATE: See my Express Gold Cash Review