The economy has been badly affected by the recession and many of us have been seeing ‘cash for gold’ signs and adverts in many places. However lucrative the offer may seem, you have reason to doubt the genuineness of their offers. What do you need to worry about with companies that offer cash for gold services in Toronto? Are they mostly genuine and legitimate? Here is some information for you to know. First, do not choose a place that has those year round advertisings, someone is paying for that expensive advertising and that is you. Such companies buy your gold at a very low price and then they later sell the same gold at very high prices to make the profits needed to pay for the commercials. There are also many shrewd pawn brokers that know little about jewellery, whose only aim is to make big profits and not to have your needs in mind. This is the reason why many people have turned towards jewelers that know about diamonds and gem stones and not just about gold to sell their jewellery.
Just do a little bit of research and make a list of few good jewellers with a jewellery buying license. There are fewer chances of you getting cheated if the company you deal with explains their jewellery buying practice and does not just flash dollar bills in front of your face.
If you send your unwanted gold in the mail via the gold kits the company sends you, how can they insure it if it goes missing? You could say the million dollar Hope Diamond was in the lost package, will they send you the cash?
Do not let the jewellery leave your sight and if they jeweler tries to leave the room take it back and leave quickly before the switch your stones/gold.