Two years ago, Marco Gigliello shut down his Mount Laurel jewelry store, Reflections of Venice, and opened a cash-for-gold shop along Route 70 in Cherry Hill.
»Read story: Cherry Hill seeks greater regulation of cash-for-gold shops
»Read story: Cherry Hill seeks greater regulation of cash-for-gold shops
Comments (13)
In Las Vegas all the pawn shops submit their data electronically into a fairly sophisticated data base to the police. Identity standards are high. This is fairly simple and it greatly assists the police. The guys who have cash businesses do not like it since it provides an audit trail for the IRS.— chippersql- These Cash for Gild joints are Pawn Shops reborn; readily subjected to store front fence status for stolen goods in most cases. Pawn Shops were highly regulated due to their nefarious clientele. They are a ready exchange for stolen good (jewelry) with title or no questions asked. Every robbery of burglar needs a place to “off” their merchandise for cash- if they can’t make the exchange the stolen goods are worthless in terms of cash to them.— STEPHEN1988
- do you read what you have typed before clicking "post" ?
"readily subjected to store front fence status for stolen goods in most cases."
"Every robbery of burglar needs a place to “off” their merchandise for cash . . . "
— ekw555 - It's my hope for Philadelphia that no citizen shall have to walk more than 1 block to the nearest Cash-For-Gold pawn shop where they can sell their stolen jewlery for $13.— FixThisCityPlease
- It makes sense to make all transactions electronic. Of course, each company has to foot the bill, on top of the $300 "licensing fee" (read- we need money). $300 x 27 = $8100, or about 3-4 months of employment. So what person is doing what for 3-4 months a year in licensing these places? (No, I don't have one of these shops, nor live in NJ.)— verve
- This is government regulations at the tax payer's expense due to a handful of business owners who are involved in criminal activity. It's ashame that thesebusinesses won't self police but there's zero chance of that. Electronic reporting sounds like a good idea as it reduces tax payer expense and more effectively catches criminal activity. Most communities should just ban these businesses. They don't have the tax revenue to justify the regulations and enforcement. The problem is that these businesses provide an easy way for theives to get rid of their stolen goods. You'll notice that many are located near low income areas. They foster criminal activity and buy goods that are obviously suspicious.— MikeP
- Anyone selling to one of these places should get prices from multiple buyers. When I was selling some gold, I went to 3 places with the same item. It was astonishing how different were the amounts the places were going to pay me. And, surprise surprise, I got the best price from a local jeweler who has been in business 25 years -- NOT one of the "cash for gold" storefronts.— Jen D
- ewk555.....cut me some slack, not edit button whne you hit the post in erro, but then again I am sure you are perfect.— STEPHEN1988
- Township Council, hey, here's a good idea on how to rob people. We don't care what they do as long as we get our cut.— winter
- Call them what they are, fronts for stolen merchandise. Nobody's buying, they're all selling stolen jewelry and coins that go to a smelter.
I bought US gold one ounce $50 coins before they hit $400 per coin. Why weren't the smelters buying then?— Sportyrider71 - How about regulating the corrupt banks? This is all about the $300 yearly fee although these cash for gold shops are sleazy and employ Mafia-style creepy types.— JoshuaFrySpeed
- The economy keeps getting worse and worse.— mystikast
- I TRULY HOPE THAT THESE PEOPLE LIVE IN AN AREA WHERE THERE IS NO CRIME PARTICULARLY HOME INVASIONS, KIDNAPPINGS OR THE TAKING OF FAMILY MEMBERS AS HOSTAGES TO FORCE YOU TO OPEN THE SAFE YOU KNOW THAT SORT OF THING.— BLACK-T&T-
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