Police crackdown on secondhand dealers – Don’t take the risk!
Posted on: 23rd April 2010 By Anita

Would you sell your jewellery to people that buy from criminals?

It’s common knowledge that there are companies and certain individuals that have no problem buying items of suspicious origin. It turns out this has not gone unnoticed by the New Zealand Police and about 240 police officers executed 44 search warrants on Wednesday and Thursday following months of investigation into compliance with the Secondhand Dealers and Pawnbroker’s Act.

The Police have now made it public that some secondhand dealers have knowingly been buying gold (particularly as melted gold) from dubious origins. The laws that have been established to protect the public are very clear and provide appropriate guidelines that help Police find, track and recover stolen property.

When you are considering selling gold, would you want to take the risk by dealing with one of these types of companies?

NZ HERALD, Friday 23 April

Police have seized cash, drugs, guns, electronic equipment and about $300,000 of watches in an operation targeting secondhand dealers in the Auckland Region.

Operation Castle focused particularly on the trade of stolen gold. Police said secondhand dealers had been buying stolen gold jewellery, melting it down and selling it to gold bullion dealers.

Source: NZ HERALD

Gold Smart takes pride in its professional conduct as licensed gold buyers – make the right choice, deal with the company you can trust – Gold Smart (the smart choice).