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Minister Shatter must regulate Cash for Gold industry – O’Brien

26 September, 2013 - by Jonathan O'Brien TD

Cork Sinn Féin TD Jonathan O’Brien has called on the Minister for Justice Alan Shatter to regulate the Cash for Gold industry as part of a strategy to tackle burglaries across the state.

Speaking today Deputy O’Brien said;

“The ‘Cash for Gold’ industry has flourished across recession ravaged Ireland. Unfortunately so have burglaries.

“Sinn Féin representatives in my own city and across the state have received numerous complaints in relation to certain outlets, dealers and their practices.

“In reply to a Sinn Féin question in the Dáil, over two years ago now, Minister Shatter said that his department was finalising a report to be published on the trade and he promised any necessary action and legislation. This needs to happen as soon as possible.

“The reality is that the ‘Cash for Gold’ sector is completely unregulated. Anyone can open a dealership. There appears to be little or no attempt made by some dealers to trace the origin of the gold and jewellery which they purchase.

“This is a perfect scenario for criminals: no questions, jewellery in and cash out.

“Minister Shatter must regulate the ‘Cash for Gold’ sector ensuring that all proprietors are licensed and that reasonable proof of origin and ownership is provided for the gold being bought.” ENDS

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