Ads on TV promise big bucks giving you "cash for gold." People in the ads say they've received hundreds of dollars -- extra cash for tough times -- by mining their jewelry for gold.
The 10News I-Team put these ads to the test, buying four of the same 10-karat gold men's wedding rings for $58 apiece.
The price of gold has been solid, especially in a down economy. In the past month, gold's value has ranged from $800 to $900 an ounce.
"It is precious metal; it'll always be worth something," explains Dano McCarthy of Leo Hamel Fine Jewelers, who weighed the 10News I-Team's rings and estimated a buyback price. "Everybody's entitled to buy stuff; everybody's entitled to make a profit."
“North County’s largest public gold dealer” Your gold is evaluated, tested and weighed in your presence on scales certified by the County of San Diego. Don’t deal with the “fly by nights.” With gold at a 10 year high, now is the perfect time to sell! We are giving crazy amounts of cash for gold in any condition, including scrap gold and dental gold. In fact, we may give you more money than you paid for it.
Gold is worth 3-5 times more than it was about ten years ago. Don’t mail your gold to some outfit as seen on TV, not knowing how much your gold is worth or how long it will take to get a check. Stop into any of our Gems N’ Loans locations today and get a free appraisal and cash in your hand within minutes!
