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Cash 4 Gold Complaints - Ridiculous Amount offered for my goods

Review all Cash 4 Gold complaints

Cash 4 Gold
Posted: 2009-05-13 by   AngelCA
Ridiculous Amount offered for my goods
Complaint Rating: 100 % with 17 votes
Company information:
Cash 4 Gold
Glendale, California
United States

Cash 4 Gold received my packet...full of gold rings, and sterling silver items (which they stated they take) and they offered me $0.56 cents for my items! They've got to be joking. I just asked them to return my stuff and to keep their lousy money. I didn't know they were a scam until after I sent my items and read some articles on the company and their business practices, now I understand what is going on.
Comments United States Other
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Comments

 Sort by: Date | Rating
 85 days ago by   Carl22 0 Votes
I really dont see the problem. First of all, if you take the full weight of the gold items, multiply by 14/24 for 14 karat or 10/24 for 10 k youll find that the most you can expect is 50 or 60% of the weight. (we are not talking plated). Now, there is a refinary fee. ..perhaps as much as $60/oz.
say you send in 8 oz of 14K gold. Figure on about 4oz X 950/ozor $3800, less refinery of $200 or about $3600 max. Say a 10% profit, resulting in $3, 240. This comes to about $800/oz. This is the MOST you can expect. If you get $600/oz, i would be surprised.
Now, as for trust? Baloney. You would be betteroff going to several jewelers and getting a quote from them . They deal with refineries all the time. Even then, I would be surprised if you can get half the actual price of Gold, maybe $500/oz.

Good luck
 81 days ago by   CTH 0 Votes
We offer 25% more than any other nationally advertised cash for gold or platinum jewelry company guaranteed and you can accept or reject our offer in 14 days which is much longer than C4G. We have been in the gold buying business for over 35 years. Check out www.waltknowsgold.com.
 80 days ago by   jeffnpeg 0 Votes
IF YOU ARE STUPID ENOUGH TO PUT YOUR GOLD IN A BAG AND SEND IT OFF IN THE MAIL TO STRANGERS, EVEN IF YOU LIKE M.C. HAMMER, YOU ARE DUMBER THAN A BOX OF ROCKS.

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