Is Cash 4 Gold A Scam?

Posted on April 14, 2009

I came across a few articles about Cash 4 Gold saying that it is a scam and even found an article where the cash 4 gold company tried to bribe a blogger to remove his exposing blog.

Over at Phil Stewart's blog he talks about a test that was done. The test showed that Cash 4 Gold gave only 15% of the Pawn Shop Value of gold. The test took gold into a pawn shop that offered them $766, but Cash4Gold offered them only $112. That means they are giving you less than 10% of the gold's actual value(if you consider that a pawn shop is buying it way below market value also)!

So is it a scam? No, not in the illegal sense, but yes in the ethical sense. If you are hard up for cash right now, go to a pawn shop as a last resort even before Cash 4 Gold. Or sell it on eBay or locally through classified ads or Craigslist. You can sell your gold on eBay in as little as 24 hours, and have it available to spend without the hassle. You will most likely get above spot price on eBay, so you can feel good selling it at actual market value, and the buyer can feel good also.

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