Article: Cash-for-gold scams can be avoided by using some caution

Question: I see a lot of ads in newspapers, on TV and the Internet, offering cash for gold jewelry. I am tempted to join the "gold rush" and unload pieces I never wear. What will bring the best price? And how do I know these people won't take my jewelry and disappear?

Answer: Turning gold into greenbacks can be risky business if you don't do your homework. Most of the buying is done by established jewelry-store owners, gold brokers and dealers in gold coins, who hopefully are reputable. You also can deal directly with refiners, who actually melt down the gold.

Before parting with your gold jewelry, be sure to get the buyer's license number with the Better Business Bureau and the state or ...

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