The ongoing economic crisis and the high price of gold have undoubtedly started a lot of people thinking of selling gold for cash. Not surprisingly many people are leery of cash for gold scams

1. Avoid Cash in Oakland Gardens, NY for Gold
Scams
The ongoing economic crisis and the high price of gold have
undoubtedly started a lot of people thinking of selling gold
for cash in Oakland Gardens. Not surprisingly many
people are leery of cash for gold scams. So what is a cash for
gold scam? And how do you avoid it anyway?
Well it is simply an unscrupulous or dishonest buyer that pays
people too little for their gold. Such scams take a number of
forms but they do have a number of things in common. Some
signs of a cash for gold for scam include:
● Being based outside New York State where jewelry and precious metals
buying is strictly regulated by the state government.
● Not a business that specializes in buying gold or has been in business for
a long time. Many check cashing outlets and pawnshops that never
bought gold before are buying the metal. These places are unprofessional
and often incapable of giving a good price.
● Offering one flat rate price for gold. The value of objects made from the
metal is determined by karats which indicate the percentage of gold.
Higher karat items should bring a higher price. Pure gold is 24 karats.
● Not being willing to work with you or come to you. Legitimate buyers
should be willing to come to your home or safety deposit box to look at
your items.
● Charging a fee. A legitimate buyer should be willing to look at your items
free of charge. Some buyers may also do a scam where they charge a fee
if you don’t buy.
● Not having a regular location to operate from. A legitimate business
should have a shop in your community. Be leery of any buyer that comes
to town and sets up shop in a hotel room or elsewhere.
● Not willing to publicize prices from other buyers. This is a sure sign that
they are charging a low price.

2. Finally always shop around when you are selling gold, different organizations
charge different prices. Don’t be afraid to walk out if you think the price is too
low.