http://yourquestionsyourmoney.blogs.foxbusiness.com/2009/09/04/how-much-cash4gold/ This company made a boat load of money. Watch this video.
I've been collecting teeth on the weekends. Can't wait to see how much $$$ I get. I tell you what this business is brilliant in these economic times. Gold will not lose it's value, but you can't spend it at the grocery store or pay the light bill with it. Once things turn around and the economy gets back on track, they'll male a killing reaping what they have sown.
60 Minutes or some other news show did an expose on Cash4Gold. They were, BY FAR, the lowest paying gold buyer. Local gold buyers consistently paid higher prices. My advice is to shop your gold to local gold buyers and jewelry stores and let each know that you are checking several before you decide to sell.
Here is a good place to learn all you need to know about buying and selling precious metals. usually you are better off just selling at your local coin shop. https://www.kitcomm.com/forumdisplay.php?f=8
Good friend of mine has a cash for gold business in the DC area. If anyone is looking to sell gold, contact me!
i have a friend that did this, even against my advice. what happened was what i told him. they are one of the lowest-paying bidders on the market. they do pay, but it is seriously garbage of rates. the appeal they have is how easy it is for you to sell it to them. you don't have the pressure of taking it to a store, bargaining with a pawn shop or jeweler, etc, etc..... and given the human psychology, you're more likely to take less money when the gold is already at the cash4gold location and you've had to make such little effort to get rid of it. you just want the cash by that point, and no human interaction or leaving your house.... so you cave. that's the mindset my friend had (laziness & fear of dealing with a dealer), and he was willing to take the small hit on rates for the convenience. so basically something i completely didn't understand became a very obvoius need for a lot of people.