Fox News Reports: CashForGoldUSA.com Pays 3X More Than Top Online Gold Buyers!

WASHINGTON, Nov. 20 — With the price of gold at an all-time high and the holidays fast approaching, many people are selling their broken or unwanted gold jewelry online – hoping for a big payout. But are customers really getting a fair price for their merchandise? FOX 5’s Trisha Thompson investigated the top three online gold buyers. 

“Commercials and websites touting great deals on your unwanted jewelry sounds too good to be true,” reports Trisha Thompson. “So FOX 5 put them to the test.” 

Thompson and the FOX 5 News team purchased three identical 14k gold necklaces from a department store and brought them to independent jewelry appraiser John Nguyen, President of May Jewelers. Nguyen valued each of the necklaces at $20.00 USD. 

The team sent the same gold necklaces to three of the top online gold buyers (Cash4Gold, BrokenGold & CashForGoldUSA). In order to ensure fairness, all three companies were unaware of the experiment. 

Here are FOX’s results: 

Top-Paying Company:     Cash for Gold USA

Fastest Turnaround:     Cash for Gold USA

 

Cash for Gold USA       $15.50

BrokenGold               $5.60

Cash4Gold                $5.52

 

Source: Fox 5 News Washington D.C. (“FOX 5 Investigates: Cash for Gold;” 11-17-2008). Cash for Gold USA paid nearly 3X the amount paid by both competitors. 

Although all three of the companies claimed to offer the “Highest Prices,” Cash for Gold USA managed to beat out the competition by almost 300%. Cash for Gold USA paid nearly three times more money than both Cash4Gold.com & BrokenGold.com for the gold necklace. During his interview, appraiser John Nguyen said, “If they [the gold buyers] give you five bucks for a chain like this they’re trying to steal from you.” 

When asked to comment about the outcome of the experiment, Norm Schneider, President of Cash for Gold USA, remarked simply, “The results speak for themselves. We’re not surprised.” 

In addition to being the top-paying company, Cash for Gold USA offered the fastest service – they were the first company to deliver payment. 

However, price and turnaround aren’t the only things to consider when selling your gold jewelry. Schneider recommends that consumers check out their prospective buyer carefully before sending in their gold items through the mail. A good starting point is the Better Business Bureau. They will disclose any complaints received about a buyer. If there are a lot of complaints, it’s probably smart to look elsewhere until you find a reliable, trustworthy company. Do the research and check it out yourself. In the end it could mean THREE TIMES the money in your pocket – and a lot less aggravation. 

Cash for Gold USA & Cash for Silver USA are both safe, reliable sites for sellers looking to turn their broken and unwanted gold jewelry or silver items into cash — without long delays or slow payments. Cash for Gold USA is endorsed by the Better Business Bureau, Truste, JVC, and MJSA. The company is wholeheartedly committed to customer satisfaction. 

CONTACT:  Henry Miller of Cash for Gold USA, 1-888-GOLD-808, info@cashforgoldusa.com

www.CashforGoldUSA.com Responds to …

Boston, MA, September 18, 2008 - Due to the recent spike in gold prices, Cash for Gold USA (the nation’s top online gold buyer) has announced an unprecedented offer to pay sellers a 10% Bonus on all gold jewelry.

According to Norman Schneider, President of Cash for Gold USA, the bonus offer was made to encourage sellers to act now while the price for gold is high. “Today’s increase in the market price was reported as the biggest one-day price gain ever,” Schneider explained. According to the New York Mercantile Exchange Gold rose a record-breaking $70 per ounce yesterday. Read more

BUYING GOLD – AN ART THAT NEED PRECISION

Buying gold is an art. All you need to do is to get hold of some basic knowledge about gold. This basic knowledge about gold will help you in making the right choice while buying gold.

You should have handy and latest information of value of gold and this is an important aspect. Secondly you should be clear in making about the parameters that you are looking for while buying gold There are many choices in buying gold like coin or jewelry. Basically you need to have an eye for buying gold. You should be very clear what you are looking for and why: investment or pleasure purposes are the two main criteria. Read more

Precious Gold in today’s market

A gold buyer should always possess some knowledge on how gold prices change in today’s world. Not all countries provide you money for gold. In many parts of Asia, new gold with less value is exchanged with old gold jewelry with more value. For instance, 8 grams of old gold can be exchanged with approximately 5 grams of gold. This exchange rate depends on the current price incline or decline. In addition, scrap gold prices are very low in most of the countries. If you need to sell gold coins, you can never demand money from retailers. Instead they charge you part of old gold jewelry as wastage and give you new gold for less value. Read more

Choosing the right value for your old Gold

When you buy gold, the most important aspect you must notice is to see for the standard on the gold jewelry. There are several standards defined across nations to verify the quality of gold delivered. Owing to the increasing gold prices, there are possibilities of adulteration in ornaments and coins. Also ornaments cannot be used once broken or damaged. Do not think the money you paid for the gold is wasted. Read more