I know I’m not the only one who’s seen this commercial on TV late at night. This company called Cash4Gold tells people to send them your gold and they’ll send you back money at higher prices than you could get at your local jeweler, or whomever you’d think about taking your gold and jewels to in your local area. All you have to do is put it in a pouch and send it to them, then wait for the money to come in. I mean, in one commercial they even use Ed McMahon and MC Hammer; this is kind of shocking from where I sit, but I guess both men need money. Can you really imagine those two sending their gold to some company in pouches?

Sure, people are hurting, and looking for cash in some fairly odd ways, but I’ve always wondered just how safe this kind of thing was. I mean, I can’t imagine needing money enough that I popped my gold Rolex into a bag and thought I was going to get my money back. Couldn’t the company just say they never received what I sent them and that would be that? I mean, could Cash4Gold actually be a scam? Really?

Well, I can’t take the full credit for this one. I got this next bit of information from another blog called The Best Article Every Day, and this article titled Confessions Of A Cash4Gold Employee. In this article, supposedly a former employee of the company outs their dirty practices, which, oddly enough, mentions my above concern as point number seven out of ten.

Of course, just as troubling is how they undervalue the items you send them, and, truthfully, if you haven’t taken your items to someone locally, such as a jeweler, you’ll have no idea whether you’re being cheated or not. Of course, when you take your items to a pawn broker, you know they’re cheating you, but at least you can look someone in the eye while they’re doing it, and you know they’re not going to be able to tell anyone that they lost your stuff. This part, along with their “bonus” program, is listed as item number eight.

Anyway, you should read the above article, and after you’ve read that one here another one for you to check out:

Complaints Board

And then, this little video:

Always remember, if it sounds too good to be true, it usually is; remember our buddy Bernie Madoff.

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