When it comes to buying old gold and broken jewelry, no one does it better than Cash4Gold. In 2008, the price of gold soared, and business for gold buyers like Cash4Gold followed. But with so many people requesting kits and selling their old gold to Cash4Gold, it’s easy for a few customers to slip through the cracks.

So when a customer feels that they have been wronged, they take to the internet and post their story online for others to see. There are many gold and jewelry buying companies out there, but Cash4Gold is the only one that is consistently on the hunt for these complaints to resolve them. Most companies in the gold buying industry will ignore these complaints and do ‘business as usual,” but not Cash4Gold.

Straight from the Ripoff Report Website Investigation,

Cash4Gold customers can feel safe confident & secure when doing business Cash4Gold & Albar Precious Metal Refining – Commitment to total customer satisfaction, positive rating for its customer support.

Update: Cash4Gold pledges to resolve complaints. Commitment to Rip-off Report Corporate Advocacy Program.- Executives stated ‘We are only as strong as our weakest link running a company of this size & volume you must adapt to your customers needs’ Over $350,000 spent on new state of the art tracking systems

With so much volume being done at Cash4Gold processing centers (up to 30,000 packages processed per month), it was easy for individuals to get lost in the shuffle. But Cash4Gold has spent $350,000 on updating its gold pack tracking system, which is now unmatched by competitors. It will now only take a touch of a button for customer support to be able to find someone’s package.

Cash4Gold has Four Star Service

Last year, Cash4Gold hired an independent consulting firm to rate its customer service. The month long study resulted in a rating of 4 Stars for Cash4Gold.

Cash4Gold treats every package received like it is the most important one in the processing center. Whether that package has an old wedding band, broken watch, or even a gold painted rock sent in as a hoax, all packages are cataloged and examined by professionally trained jewelers.

A direct quote from Cash4Gold is “Even the gold painted rocks are treated as if they were real. If a Blog hoaxer has the time to send it in, Cash4Gold has the time to make an offer or send it back in the mail. That is Cash4Gold’s commitment to their process.”

If the customer is not fully satisfied with their payment, then Cash4Gold will return the contents of the package to the customer. Cash4Gold will hold onto your package for 10 days, so the customer has time to make a good decision. No other company will make this guarantee to customer satisfaction.

Cash4Gold pays out based on the quality of the gold and silver sent in, as well the current market prices for the metals. They then offer the customer a price that they think is fair. If you plan of selling to Cash4Gold, remember that you have a right to negotiate on what they are willing to pay you!

Beware of Imitators! Cash4Gold is your Best Bet when Selling Gold and Jewelry for Cash

Cash4Gold’s success has spawned a lot of imitators. There are now so many competitors in the scrap gold buying market that it is impossible to know who to trust. There are many fly by night operations popping up, and they will never be able to touch the level of commitment Cash4Gold has for its customers.

Cash4Gold is one of the industry’s most respected refiners and has consistently received an A Rating from the Better Business Bureau for seven straight years.

Sources: Cash4Gold: Four Star Rating for Cash4Gold’s Service

If you’re in the United States, then there’s a great chance that you’ve seen a commercial on TV for selling your scrap gold and jewelry. Simply visit their website, order a form, ship off your old gold and jewelry, and wait to get paid. It’s a very easy and pain-free process.

Unfortunately, for a long time it was not possible to sell gold and old jewelry online in Canada. Now are neighbors to the north are in luck! If you are in Canada and want to sell old gold and jewelry for cash quickly, visit this link for Dollars4Gold.com (or any link on this website. You will automatically be redirected to Dollars4Gold if you are on a computer with a Canadian IP address!)

Tuesday, December 16 2008

The price of gold hit historic highs earlier this year in March because of a looming economic crisis and panic. It appears that this panic is back, as the Fed has lowered interest rates to “jump start” the economy, but at the same time, lowering the value of the dollar.

Gold gained 9% last week, which was the highest one week advance in 3 months.

The dollar index, which tracks the value of the greenback against a basket of other major currencies, fell 0.8% on Tuesday. The greenback and dollar-denominated gold prices often move in the opposite direction.

Source: MarketWatch: Gold rises on weaker dollar ahead of Fed decision

Experts say that the low interest rates will hurt the dollar in the long run.

“If the Fed has to keep rates very low for a long time, that’s going to be awful for the dollar and very good for gold,” said Matt Zeman, a metals trader at LaSalle Futures Group.

Source: Gold rises on dollar’s weakness

Many people are confused by the price of gold in 2008, where it has proven to be unpredictable despite all of the economic turmoil the world is going through. Gold is typically a hedge bet against a bad economy, but the price has fallen sharply from all-time highs reached earlier in the year.

Gold Fields CEO, Nick Holland, says that gold is set to bounce back to a higher price, with $1,000 an ounce possible in 2009. Holland believes that the current market conditions resulted in a sell-down of everything, which has brought the price of gold down with it.

“But gold will regain its value relative to everything else, particularly as all the major currencies of the world are trading on negative real interest rates and inflation is picking up, which are all of the ingredients for a stronger gold price,” Holland told Mining Weekly Online.

Quote Source

While Holland has a vested interest in the price of gold, other experts are predicting rise in the price of gold, although not as high as Holland predicts. More conservative estimates predict the price of gold reaching around $800 in the coming weeks.

Check out gold price analysis video by Adam Hewison, President of INO.com, which predicts the price of gold making a comeback to around $800 in the near future.

The stock market continued to fall, even after the proposed $700 billion bailout bill passed. The bailout bill failed to help the stock market, and the Dow Jones lost another 500 points.

There are few safe investments left, but gold remains an attractive investment. Gold settled at $882 an ounce on the New York Mercantile Exchange on Tuesday. This was after it jumped $33 to $866.20 an ounce on Monday.

Although the US dollar is gaining back some of its strength, it also fell on Tuesday. Combined with the stock market crash, it’s easy to see why everyone is flocking to gold.

Article Source: Gold prices climb amid financial uncertainty

If you’d like to invest in gold, take a look at Bullion Vault, the easiest way to buy gold bullion.

With the turbulent times in the economy, stock market, banking system, etc, it seems like the world is ending. It’s not, but things are going to get worse before things get any better. When tough times hit the economy, people buy and invest in gold. Why? Because gold holds it value and is not subject to major losses. It is a simple commodity and attainable by anyone.

But there are many ways to invest in gold. Let’s take a look at the common ways to own or invest in gold, along with some general advice.

Gold Bullion

By far, the best way to invest in real gold is gold bullion. It is the most liquid and guaranteed form of gold. When dealing in professional gold markets, gold bullion is bought and sold in the form of Good Delivery bars. Good Delivery bars are certified, at least 99.5% pure gold, and are very carefully tracked when moved to ensure that they are never tampered with. This ensures that if and when you are ready to sell them, you will never have a hard time finding a buyer.

Most novice gold bullion investors will need at least $10,000 to get started if they do not know what they are doing. Commission fees are high, and storing the gold somewhere safe can be an issue. But there is a little known secret for the rest of us. The website is called BullionVault, and it eliminates most of the issues associated with buying gold bullion. This website allows smaller investors to buy gold at the prices big buyers pay. Low commission fees, storage is handled for you, friendly customer service, and the website is really simple to use.

Tip: Use BullionVault for buying gold bullion. Go Directly to BullionVault, or read more about the company. Otherwise, if you are a big time gold buyer, then you probably already know where to go!

Gold Stocks

Gold stocks usually refer to gold mining companies. You’re not actually buying the gold, but rather in the company that mines it. The value of the stock will depend on the demand for gold, how fast the company is growing, and many other factors. The risk is when the gold runs out at the mine, the stock will likely crash. No mining company is able to predict the amount of gold it will mine and for how long, so there is some significant risk involved.

Tip: Like any stock investment, it pays to do your due diligence. Do not blindly invest in gold stocks because the price of gold is up. Research the companies thoroughly, keep an eye on their performance, and after enough time make your decision.

Gold Jewelry

Gold jewelry is the easiest way to invest gold, but also the worst. Unless you are an avid jewelry collector or expert, there is no way to tell what you are paying for. Gold jewelry will almost always lose value as soon as you buy it (the same thing applies to driving a new car off the lot.) Resale value for gold jewelry will always be less than what you paid. The reason is because when you buy gold jewelry, at a jewelry store for example, you are paying a premium for the store’s overhead, marketing costs, and the labor for making the jewelry. The price of the jewelry is significantly more than what the actual gold is worth.

Gold jewelry is not very liquid either. If you want to off-load jewelry, you have to go through second-hand markets like eBay or classified sites, and even then it can be hard to sell.

Tip: Never buy gold jewelry as a gold investment. As a matter of fact, when gold prices go up, you’re better off selling the jewelry you don’t want for fast cash. You can sell broken and junk gold jewelry by clicking here.

Gold Coins

Gold coins can also be a good investment in gold, but you have to be careful where you buy them from. Collectible gold coins are a good investment because their quality and content are guaranteed. There are many kinds of gold coins available, and they seem to be issuing new ones all of the time. You can “strike gold,” so to speak, if you’re holding onto a coin that suddenly becomes a hot collectors item.

Gold coins are easier to sell than jewelry, because there are is a market for them. Some coins will increase in value over time, while others will hold their value if they are not at all scarce.

Tip: Research the gold coin collector niche before making a purchase. It is always wise to invest in gold coins when the price of gold is low. When tough times hit, the demand for gold coins can skyrocket. In fact, demand can go so high that the US Mint stops selling gold coins because they cannot produce enough. There are many online sources for buying gold coins, so look and ask around. Unfortunately, we currently do not have a recommended source for buying gold coins.

It’s hard for individuals to find simple and safe ways to buy, sell and store gold. You could buy gold bars straight up and store them in your basement. But do you know where to buy these gold bars, and would feel safe storing these valuable pieces of gold in your home? How would you get rid of them if you wanted to cash out your gold? Would anyone buy from you knowing that you cannot guarantee its integrity? Investing in gold requires huge amounts of money to get access to the best prices. Do you have that kind of access? Storing your gold in an accredited storage account requires at least 15-20 400-ounce bars and has huge fees. Many average and even wealthy people will be paying a high premium just to deal with gold. Seems like investing in gold is more trouble than its worth!

This is where BullionVault comes in. BullionVault was started in 2005 as a gold bullion exchange and physical storage provider. Their goal is to make buying, selling, and owning gold as accessible and easy as possible.

Buying Gold - Barriers to Entry

The most competitive gold prices are only enjoyed by those in the professional gold bullion market. These entities include governments, gold bullion banks, large gold dealers, and gold refineries. The professional gold market only deals in Good Delivery bars. If you can’t trade in these bars, then you can’t enjoy their completive prices.

A Good Delivery bar will typically weigh around 400 Troy Oz, which is around 12.5 kilograms. These Good Delivery bars are cast by a very small group of metal refiners, accredited by professional gold bullion dealing communities in New York, Zurich, and London. These gold bars are always 99.5% pure gold or better. The professional markets only trade the pure gold content, known as fine gold, so you never had to pay for the .5 or less percentage of impurities.

As these Good Delivery bars are moved between vaults and accounts, a very careful record is maintained. This guarantees the gold bar is what it is, and it greatly lowers the handling and dealing costs.

BullionVault gives you Access to the Professional Markets

With BullionVault, you get access to professional market gold, in any quantity that you want. That means you can deal with gold in grams instead of paying for a full bar of bullion.

BullionVault deals with Good Delivery gold, giving you the best market prices available. The cost of dealing with BullionVault is about 1/10th what a regular individual would pay dealing with gold coins and small gold bars.

There are no fees to join BullionVault, where there would be with a unit trust or mutual. You only pay commission when buying gold up to 0.8%, which lowers as invest more. You can pay as little as 0.02% when you invest more than $30,000.

The gold is stored in vaults in London (UK), New York (USA), and Zurich (Switzerland). Storing your gold through BullionVault means storage charges of an incredibly low 0.12% pa with insurance. That’s less than 1/10th of storage fees charged by retail banks.

When you sell your gold, you won’t have to hire an expensive armored courier. This can save you an incredible amount of money. BullionVault customers save money because they deal directly with each other!

BullionVault Guarantees your Safety and Security.

When you buy gold with BullionVault, it is your property. Even if BullionVault or its parent company went out of business, you would still own the gold. No need to worry about the risks of any financial institution. It remains stored at one of three locations, New York, London, or Zurich, which are run by accredited professional vault operators.

BullionVault is the only gold market that says open 24/7. That’s in the world! There are no minimum periods for investing, and you can withdrawal your cash as soon as you sell your gold.

In addition, it’s almost impossible to make a mistake when trading on BullionVault. You can’t buy more gold than you can pay for, and you can’t deal gold at a ridiculous price. The system is designed to eliminate the obvious user errors. First time buyers are invited to talk to BullionVault customer service, so they can be led through the process with ease.

The price of gold jumped about $30 per ounce today, Monday, September 29, 2008. This brings the price of gold to around $900 an ounce. With recent economic developments, gold is the last safe haven for investment. Demand is skyrocketing and experts predict the price will remain in the $900-$1,000 range for the rest of the year. Some even say we can see all time highs by the end of the year.

The good news is that you can sell your old gold and jewelry now and make some very good cash for very little work. The economy is still uncertain, and it looks like it won’t get any better soon. But nobody knows if it will get a little worse, or a lot worse. The worse the dollar gets, the higher the price of gold will go.

The bailout plan did not pass, which means in the long run the dollar should remain fairly consistent with what it is today for the time being. We’d love to see the price of gold go as high as possible, but not at the expense of a complete dollar collapse.

The price of gold has never jumped like today! Gold prices posted the biggest one-day gain in history (in dollar terms). The huge jump in the price of gold was triggered by stock market turmoil as the government bails out AIG and Lehman Brothers Holdings Inc., files for bankruptcy. These are major shake-ups, so investors are flocking to gold as a safe-haven for their money.

Gold jumped 11.6%, or $90.40 , to $870.90 an ounce and settled to around $850 an ounce. It was the biggest-one day price jump since the record set in 1980, where it the gain was $64.

Fearing more tightening of credit markets, investors reacted swiftly and began dumping stocks and socking money into gold, silver and other safe-haven commodities. Gold is especially attractive during times of crisis because the metal is known for holding its value.

Silver prices also jumped. The December contract soared $1.158 to settle at $11.675 an ounce. December copper, however, fell 4.65 cents to settle at $3.0425 a pound.

So what’s this mean for people who want to make some easy money? Sell your old gold and jewelry online! If you have old gold and jewelry lying around, you can take advantage of the market corrections taking place, especially since gold has dropped 25% from it’s high point of $1,000 earlier in the 2008 year. It may be a while until this is over, and gold is expected to keep rising and rising.

Source: AP: Gold prices post biggest 1-day gain ever

Gather Your Old, Broken, and Junk Gold and Silver

You need cash now and want to sell gold and silver for good money. Here’s how to do it!

Many of us have jewelry boxes that have been collecting dust for ages. Jewelry can be very expensive to fix. Some pieces of gold and silver jewelry that you find have gone out of style, while other pieces are broken and unusable. In the case of earrings, you may have lost an earring so a single earring is pretty useless to you. Watches die out and aren’t worth fixing.

The process is simple. Scour your home for all of the pieces you want to sell in your jewelry boxes, attic, or wherever. Separate the pieces into junk gold and silver you want to sell for cash quickly, and other pieces you may want to hold onto because it’s a high-quality piece or has sentimental value.

Separate by Type of Gold and Silver

Gold and silver jewelry comes in a wide variety of metals. While the pieces are made up of gold and silver, they can be alloyed with other metals to make them more or less valuable. Look closely at the pieces to identify the quality of the gold or silver.

In the case of gold jewelry, 8K, 10K and 14K is the lower quality and less pure. 14K gold is only 58.33% pure gold. On the other hand, 24K is pure, 100% gold. Click here to read more about gold purity and gold color. In the United States, 14K is the lowest purity of gold that can be considered “jewelry,” but that doesn’t mean you can’t sell it!

Silver has a similar system for identifying its purity. Sterling silver is less than pure silver, while .999 Silver is as close to pure silver as you’re going to get.

You can also sell platinum pieces of gold because platinum is another precious metal that is actually more valuable than gold.

Weigh Your Gold and Silver

This can be a little difficult if you don’t have a proper scale. Unless you have several pounds of gold and silver, then your typical bathroom scale won’t do the trick. You can spend $40 on a digital scale but it won’t be worth the investment. There are generic metal scales available at your local office supply store that can be used to give you a rough estimate, and they shouldn’t cost more than a few dollars.

Wait for the Right Time

Gold and silver prices change daily, but the prices a jewelry store or refiner will pay may not change as often. No one can predict the stock market, so it can be impossible to tell where the prices are going. In any case, RIGHT NOW is a good time to sell. Gold is hovering around some of the highest rates it has ever been (around $950-$975 per ounce as of mid-July 2008). You can hold onto your gold for a while to see what happens, so it really depends on how badly you need cash.

Shop Your Gold and Silver Around, then Sell for Maximum Cash

You have two options for selling your unwanted gold. One is the jewelry store, and the other is an online refiner.

For high-quality pieces, you should open up the phone book and shop your gold around to a couple of local jewelry stores. Jewelry pieces that are antiques or have quality-craftsmanship can be worth more then the actual metal they are made out of. If your piece is one-of-a-kind, then your best bet is shopping it around to jewelry stores. When a jeweler gives you an estimate, they should weigh the gold and silver out in front of you. If they do not, be weary and move on.

For lower-quality, broken, and junk gold and silver pieces, you can sell your gold to an online refiner. Online refiners work by shipping a package to your home. You fill the package with your scrap gold and silver, and then mail it off to them.

Within days you should receive a check for your bounty. If you are not satisfied with the check, send it back and they will send you back your package of gold and silver. You can get a rough estimate of what online refiners are willing to pay by using this calculator.