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Article: Cash-for-gold scams can be avoided by using some caution
- Article from:
- Tribune-Review/Pittsburgh Tribune-Review
- Article date:
- July 23, 2009
- Author:
CopyrightCopyright 2009 Tribune-Review/Pittsburgh Tribune-Review. Provided by ProQuest LLC. (Hide copyright information)
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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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