'Avoid posting gold' to deal with debts

21/01/2010

People looking to solve their debt problems'>debt problems should be wary of websites offering to buy their unwanted gold by post, according to consumer watchdog Which?

A Which? Money investigation found that many of the companies were offering prices well below those available on the high street.

CashMyGold gave the lowest valuations on the three items sent by the group – offering just under £40 for three pieces of new jewellery bought for £729.

Another, Money4Gold, refused to accept that a nine carat necklace worth £399 was gold, and even imposed a charge for its return.

Which? also expressed concerns about the security of the process, with some firms even having the word 'gold' emblazoned on the envelope.

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