Facts About Cash For Gold Payouts

When it comes to the cash for gold payouts, there are some important things to know before you decide to participate. There has been a lot of controversy about these companies because many people have been ripped off by them.

If you don't want to wait for your money you can use the fast cash option, which will get you the money within 24-hours. If you choose to receive the money using this method, you automatically forfeit the normal 10-day return policy set by the company. You can only use the fast cash method if you are getting back at least $20 from the company. After paying a $4.99 processing fee, your money will be directly deposited into your bank account. If you choose to receive your payout the normal way you will get a check in the mail.

When you take your jewelry to a cash for gold shop, they will give you a quote without obligating you to do business with them. If you take your gold to another appraiser and they deem it worth more money than the quote you received, you will be payed 110% of the price the other appraiser quoted.

In 2009, mystery shoppers from Consumer Reports Magazine sent 18-karat jewelry to Cash For Gold that had a retail value of $175. Cash For Gold paid anywhere between 11 and 39% of the current market price, while pawn shops in Texas, Louisiana and New York paid anywhere between 35 and 70% of the current market price.
Cash For Gold USA claims to pay more for gold than any of their competitors. According to Fox News, they pay three times what other companies will pay you for your gold. This company offers a guarantee called Gold Price Maximizer. If gold prices rise within 30 days after they have paid you for your gold, they will pay you the difference.

Luriya is another company that will pay you for your gold jewelry. They base their prices on the karat and weight of the jewelry you are selling. Payouts range from $625.63 to $1,088.02. In addition to buying gold jewelry, they also buy gold teeth.

Cash for gold shops can be a good way to make money as long as they are running an honest business. There are companies like Luriya all over the United States that will pay top dollar for your gold.