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Money 4 Gold UK Review - is it Just Another Gold Scam?
Can you Really Cash in on the Modern Gold Rush?
As a gemstone/jewellery dealer with over 12 years in the trade I have seen many illegitimate operations, but I believe Money4GoldUK is not one of them. I believe you can sell scrap gold and even sell gold jewellery without worrying if you have done the wrong thing. There is a simple formula that can avoid disappointment.
It is unfortunate that some US cash for gold companies have misled their customers and appeared to be nothing more than a Modern Gold Scam.
It's worth noting Money4GoldUK is a member of the jewellers vigilante committee and Trustee, so if you want to sell scrap gold, you are probably in safe hands.
The Cash for Gold, Rush!
You have likely seen a number of television commercials for the new wave of cash for gold companies that are springing up in the UK. This concept has recently travelled from the US. Thanks to the combination of a weak dollar, recession and the price of gold increasing these companies are offering the consumer a way to unlock some much needed cash. All you need is gold jewellery to sell. You can actually sell any precious metal.
Safely Trade in Your Valuables with Money4GoldUK, Get Cold Hard Cash!
The Service
Their service is un-complicated and designed to be simple, taking very little of your time to complete your first gold deal. They basically allow you to sell gold in any condition conveniently, legally and securely. Thanks to the Internet this process is streamlined. Since the gold price has increased over the years you may be surprised at the value of your un-used or un-wanted jewellery that's sitting in your draws and other places.
The process starts by you requesting a free postage pack (G-pack) from their website.
When your pack arrives all you will need to do is seal your gold jewellery in the secured bag and simply return the insured postage paid bag to Money4GoldUK.Your valuables will travel safely in their free Royal Mail Special Delivery G- packs. They are a guaranteed next day delivery confirmation envelope.
Money4Gold will then weigh and value (assay) your gold, write and send you a cheque (usually within 24hrs of assay) while looking forward to you sending them more gold as a happy customer. You do not need to worry about the postal system as each G-pack is insured and covered up to £500. Your gold pack is traceable with Royal Mails tracking feature.
Why use Money4GoldUK?
Their payout seems to be highest and is most certainly higher than most traditional pawn shops. The reason for this lies with Money 4 Gold UK's refinery. Because they have their own refinery means they have cut out the middle-man or pawn broker.
They will offer You a - No risk Guarantee!
This basically means if you are not satisfied with the payment you can request for your gold items to be sent back immediately. It's a win, win for you the consumer.
Order Your Free Money4GoldUK Starter Pack Today!
What will they Pay Cash For?
In short, any precious metal. It's important to realise that Money4Gold UK accepts more than just pieces of gold jewellery. They advertise for gold but they will accept most precious metals like platinum, silver, palladium and others. The metals can come in any form and here are some ideas - broken jewellery, bracelets, necklaces, dental scrap, earrings, rings, scraps, cuff links, watches, pins, collectibles, decorative pieces, coins, silver flatware or other pieces of jewellery.
Think hard as you probably have similar pieces of jewellery just gathering dust. Do not attempt to sell any gold or valuable jewellery pieces that have sentimental value. Keep them far away from the G-Pack. Remember their website is not a place to buy and sell gold jewellery. You can only "sell gold jewellery" and other precious metals.
They beauty of their cash for gold offer is even though you want to sell scrap gold you are not committed to accept their offer. If you do not want to accept their offer you simply send them back their cheque within 10 days and you will get your valuables back within 15 days or sooner.
Cash for Gold Horror Stories!
I know of three different cash for gold companies trading in the US that were sent the very same necklace by a local reporter but got 3 different quotes with 2 quotes just a third of the highest.
In the UK quotes from competitors may vary slightly but its very difficult for the average gold owner to run tests like this. If you have more than one valuable piece that you wish to sell I would recommend you just sending a single piece to Money4GoldUK so you can test the whole process first. If you are happy with the first transaction then you can either send in the rest or test their competitors first.
Important Tips Making up the "Golden Nugget Formula":
1. Golden Expectations:
Be very sure that you are sending a precious metal and not something you "think" is a precious metal. I have worked with many consumers and been very surprised at what they deem to be "real gold" or a "real diamond" and so on. If you send them something expecting to get paid for it and they tell you it is worthless, but you thought it was worth loads just because it shined, who do you think will have high expectations that will lead to disappointment? Who will think they were conned by the cash for gold company when really they were mislead when they initially purchased (or given) the item?
2. Have a Cash For Gold Trial Run First:
I would not send all my valuables at once. If you have more than a single item send a a small amount to test their overall process. If you are happy with Money4GoldUK then send your items in smaller lots. If you have a bad experience then jump ship and try another cash for gold service.
3. Insurance:
If you have items over £500 be sure to send them in separate G-Packs.
4. Don't Send your Family Jewels:
Remember this service is really designed for the worst in your jewellery collection. You want to be sending stuff that you never thought had real value, scrap!
The idea is your payment should come as a pleasant surprise. They don't care if you send a designer hand made piece. They are only concerned about purity and weight, full stop. If you send a designer piece you "will" be disappointed.
Selling designer or better quality pieces will likely need to be sold elsewhere. Possibly EBay (Buy it Now/Reserve Auction) or an offline auction. If you are desperate for the cash don't blame them for their offer, you have been warned. If you have something genuine and truly precious (possibly designer) add a comment and I may be able to put you in touch with a Hatton Garden dealer.
5. Watch Your Days:
Be sure to track your parcel and be on to them like a hawk to keep your transaction within the time frame of their terms and conditions.
I want this Money4Gold UK Review to benefit anyone looking to try these guys out, so what are the DOWNSIDES?
While I have highlighted the Positives what are the Money4GoldUK Negatives?
1. If you do not accept their offer then I believe it could be a lengthier process for you to get your valuables back as they may be put to the back of the queue. You will get them back though.
2. If you send pieces that do not contain precious metals they will not return them to you unless you state you want them returned and be willing to pay £9.95 to cover return post. This can be easily avoided. Just don't send anything fake. If you are unsure if it is pure gold get it checked first at your local jeweller for free. They will tell you if its fake or not.
3. Your valuables can get lost in the post, are you willing to deal with Royal Mail to make a claim if this happens?
The Positives Far Outweigh the Negatives.
Although nothing is perfect this company and business model will be around for as long as precious metal prices remain north. Even though you may read of some having a bad experience don't be quick to cast judgement as they may not have handled their transaction in the best way - Great expectations took over reality! As a dealer in the trade this is one of our biggest problems.
You do have to be a semi-educated consumer before sending in your gold valuables to any company. I hope this money4gold uk review has been helpful and maybe removed some uncertainties about this service.
The genuine testimonials for Money4Gold UK are an encouraging read. Their service is offering many people fair value. Amongst other things they prove that many people appreciate a little extra cash. This cash is coming from golden valuables that previously gathered dust.
I would like to contnue but my daughter has just fallen off her bike and injured her wrist. It looks like an A&E job. I must run........
Money4GoldUK is a legitimate and genuine operator in the UK that will surely give you your weight in gold (real gold remember). Why not try them today by ordering your first G-Pack - Remember its Free with Money4GoldUK
About the Author
With over 12 years in the jewellery trade Frank hopes this cash for gold review can help at least "one" person that really needs the cash and has the gold.
Trade in Your Gold For Cash with Money4GoldUK.com!

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