No Cash for Gold

July 8th, 2010

While getting some shopping done in the Half-Way Tree region of St. Andrew Jamaica recently, I was approached by a young lady who asked me if she could give me a sheet of paper. I said “sure, why not”. As I walked away I began to read the first words I saw. There in bold with a rather large font were the words, “CASH FOR GOLD”.

The remaining information on the paper told me what a wonderful trade it would be, if I gave in my gold jewelry in exchange for money. It even had the phone number and name of a person that I should contact, just in case I wanted to partake in the trade.

When I got home that evening I decided to ask my friends and some of family members if they had ever participated in the cash for gold trade. Although several persons told me they had heard of it, almost all of them said they would never actually get involved in the trade.

One sentiment that I heard repeatedly was that criminals would use this trade as a means of robbing innocent citizens of their jewelry and/ or money. I do not know if this is true, but I will say this, that sheet of paper now lies in my garbage bin.

What is your opinion? Do you think the cash for gold trade should be banned in Jamaica? Will the trade increase criminality? Have your say…


Tags: , , , , ,

The opinions on this page do not necessarily reflect the views of The Gleaner.
The Gleaner reserves the right not to publish comments that may be deemed libelous, derogatory or indecent.
To respond to The Gleaner please use the feedback form.

22 Responses to “No Cash for Gold”

  1. Hi Petagay,
    do not sell your gold.

  2. do not sell your gold.

  3. renz says:

    I think if it is going to be an business effort then i should be legalised. Once you do not have on your ID to show that you are trader/delear. Well goodbye to you and your goods.

  4. Kevin Forge says:

    At it’s core there is nothing wrong with “Cash for Gold”. It simply means someone is buying an item of known value (gold) for a cash amount agreed by himself and the seller.

    All the dealers (licensed and otherwise) pay far less than the current market value. This isn’t really a big deal, Used car dealers do the same.

    The big problem is that “Chain grabbers”, those petty criminals who literally grab peoples jewelry or hold them up with a weapon and demand a handover, now have a designated “fence”. I.e. someone ready to buy the loot, no questions asked.

  5. jo bent says:

    Ever since I was a child I saw men with with
    (supposed gold) wrapped in paper-towel or chamoise rubbing this jewellery and selling, down King, Orange Sts, Parade, Cross Rds, Half way tree, Constant Spring and all over so how 40+ years later these crooks can scam ppl
    out of their money, the answer is GREED also the culture of want something for nothing or a lot fi a small change. Why not go into a reputable jewelry store to hack your wares if thats what you want to do.Silliness is alive and well in Jamaica some will never learn…. Case of licky licky and wan, wan, wan wan (like a siren)

  6. anonymous says:

    ever since this cash for gold trade started security of ppl walking on the street is compromised. In Montego bay, the down town area has a lot of people on the pavements or street corner calling out to the people walking by “gold mi a buy…any likle piece …”. last month, some one tried to snatch the chain of an elderly lady. the area near down town, the stop lights near courts, the turning has a lot of men and women on the pavement calling out to the ppl. one can almost feel theirs eyes scan to see if they r wearing any likle piece of gold.

  7. Jitters says:

    Gives me the jitters. If you aquired your gold legally, deal with legal entities to trade. If otherwise, you can deal with these “shady” contacts at your own risks. Whichever way you choose to deal though, someone can always be watching to snatch or hold you up. Never expose your expensive product. Get a quote before you cope.

  8. pan says:

    There is really no need to be so negative,
    GOLD SELLING FOR MONEY is a big thing in ENGLAND, THE same thing that goes on in jamacia goes on here in England too, they even knock on your door without no paper, just a nice black suit and tie,,,selling buying Gold is a big business right now, In England here everybody sell their gold so i dont see why it should be such a fuss in JAMAICA….

  9. Diane Grant says:

    It makes gold now looks cheap when you look at who is buying. I would not want anything gold as a gift, right now, I would prefer the cash or another gift. The prestige of wearing gold is gone to the dogs. If one should visit the HWT Transportation Centre, no less than 30 or more fierce-looking young men buying gold.

  10. Terri says:

    I guess you all do not understand how the Cash for Gold works……there is nothing wrong with it. I live in the USA. They have these Cash for Gold parties all the time. All it is, you go thru your jewelery box and look for stuff you no longer wear/want. I have been invited to many never attended until a dear friend was hosting one. I went home went thru my stuff found, jewelry from the ex and some single earrings, and those big gold earrings I no longer wear and some other peices I was no longer interested in………Walked away with over US$1,400.00 was shocked. Those items were sitting there doing nothing and I turned them into cash……..all it is they buy your gold for cash and go do what ever they want to do with it……..the lady had a scale and she price the 10K, 14k, 18K etc differently.

  11. jackie says:

    I’m a little confused here as to why any private purchase or sale of ligitimately-owned gold property is a problem. (The tax issue is something else.) To get the value of one’s personal gold jewelry, simply get on the internet to a site such as http://goldprice.org/Calculators/Gold-Price-Calculators.html and enter the weight and carrot of the item. The seller can then negotiate with the buyer around that price. So, where’s the headache?

  12. pan says:

    IT ONLY JA THAT DUMB AINT IT/

  13. RADICAL says:

    Why is it that everything that America does Jamaica has to copy? They don’t even know why the US is buying gold. Gold will be the future currency, money will be worth nothing, gold will be your spending power, so don’t sell your gold, it will be worth lot more later!

  14. Shauna-Kay Miller says:

    Personally,i would never partake in any such trade.Because i do not trust these people. I have also heard about persons being robbed of money and jewelry.
    If it is a means of income, as i believe it is, then it should not be banned. However, more should be done to regulate trading of this sort so that crime will not be an inevitable result of such schemes.

  15. ronn says:

    No, to the cash for gold trade in Jamaica. It will only set the thieves on us.

  16. Very concerned says:

    I will start by stating the obvious that it is extremely difficult to get a job in Jamaica in the ever deteriorating financial climate; so this forces people to be creative in what they do and every little means help. Only problem is the means aren’t always what they should be.

    At Anonymous’s comment it is true that there is a visible increase in people touting on the side of the street, some bear no ‘legitimate’ form of identification so there is no telling who they are representing in the CASH FOR GOLD trade. I do support people working in order to feed their own but not to the detriment of others. I was quite upset to learn my Mum was robbed recently by a ‘chain grabber’ and it is widely felt that the CASH FOR GOLD has caused this to increase. It leaves you feeling violated and the fact there is always loud music on the street coming from shops her screams fell on deaf ears.

    I understand the Police have been arresting some of the CFG traders who just sit by the side of the road and are unable to prove that they are working for a genuine company.

    Secondly in 2008 there was talk of implementing CCTV cameras across Montego Bay to assist in the fight against crime. Whats happened to these plans? I thought one reason for employing the former Deputy Commissioner of Police from the UK was so he could assist the force in improving its use of technology

    The square of Montego Bay is the embryo of the tourist centre and further more citizens of Montego Bay like any other area have a right to be safe. A simple measure of continuing to keep pavements clear and regulating the level of music from the street side sellers and shops will help.

    The last time I went home we were walking on the pavement and about to enter a shop.Groups of guys stood there and in less than a minute we were in a circle. If they robbed us no one would have seen and all they were saying was you going to change money or pay a bill and I am thinking how is that your business. I should be free to walk as I please and go into any shop to conduct business. I had to shout neither because I have no money. People started to look and they dispersed.

    This is unacceptable and if the Police need to keep the Town centre constantly on a dispersal zone so boys hanging around touting can be constantly moved on then this should be done. We should then be looking to provide more training and job opportunities because these young men deserve to have a future which enables them to look after themselves and those who are not interested should be used as an example of what the law will do for those who do not want to be good citizens. So JA Govt re-prioritise the resources and stop wasting it on lightbulbs you got for free!

  17. Diane Grant says:

    I noticed that a lot of foreigners comment on issues that affect Jamaica, not knowing that the Ja. situation is totally different. even the Cash For Gold trade in Ja. is extremely dangerous. They need to get all the facts and dont equate the US situation with ours. Its not just simply about selling gold. Persons are held-up, killed, houses broken-into, etc.
    One can also say that this happens everywhere but there has been a dramatic increase in jewellry theft over the last two years or so. The jewellry stores have always bought jewellry but not fierce-looking men on the corners bawling out ‘cash fi gold’. Their very looks scare you.

  18. pan says:

    Why does America copy everything England do? the Us cheap gold dont even match the english gold, English gold is the best money can buy.

  19. donny jackson says:

    oh that just simply mean,do what women especially, do worldwide,which is sell gold that they no longer have use for ,lying around in some jewelry box or something…but because of so much criminality in Jamaica..be careful what you ask for,because these sociopaths,which are now being manufactured [born] in Jamaica in garrisons and such places,will start taking lives just to get gold to sell…in most civilized societies selling excess gold and other jewelry is a very large and profitable business for young women especially as a second or part time job, but in Jamaica right now i don’t think that it is a very good idea..

  20. rick says:

    cash 4 gold only attracts criminals criminals and more criminals

  21. ISHAH says:

    I FEEL SO SORRY FOR THE IDIOTS WHO ARE GOING TO SPEAK OF CASH FOR GOLD IN JAMAICA NOT BEING A BIG DEAL BECAUSE IT IS BIG IN ENGLAND AND PLACES LIME THE U.S. THOSE BIG COUNTRIES UPHELD AND ENFORCE THEIR LAWS AND ARE ORGANIZED COUNTRIES WITH DISCIPLINED PEOPLE. THE LITTLE HUSTLER PETTY THIEF MENTALITY DEVILS IN JAMAICA ARE GETTING WORSE NOW BECAUSE OF THIS “CASH FOR GOLD” RUBBISH, I FOR ONE WAS ROBBED YESTERDAY OF A NICE SIZED GOLD CHAIN IN SAV-LA-MAR, A TOWN WHICH I HAVE WALKED AROUND ON AND SHOPPED FOR MANY YEARS WEARING THAT CHAIN ON THE SAME STREET I WAS ROBBED, BY THE WAY IT HAPPENED IN BROAD DAYLIGHT IN FRONT OF MANY PEOPLE, AND I OF COURSE REPORTED IT TO THE POLICE WHO OF COURSE DIDN’T TAKE ANY SIGNIFICANT STEPS TO TRY TO FIND OUT WHERE THE PERP WENT EVEN THOUGH I SHOWED THEM EXACTLY WHERE THE BOY RAN OFF WITH MY CHAIN WHICH HAPPENED VERY SHORTLY BEFORE I MADE THE REPORT AS THE PART OF GREAT GEORGE STREET WHERE I WAS ROBBED WAS SHORT WALKING DISTANCE FROM THE SAV-LA-MAR POLICE STATION. WHAT UPSET ME TOO IS HOW THE POLICE TOOK THEIR OWN SWEET TIME TO TAKING A COLLEAGUE TO THE FAMILY COURT AND WASTING SO MUCH TIME TO DO FAXES (THEY SHOULD HAVE THINGS LIKE FAX MACHINES IN THE POLICE STATIONS) GIVING THE THIEF AN EASIER CHANCE TO GET AWAY. AND THESE THIEVES DON’T WORK ALONE I HAVE TO GIVE THANKS I WASN’T STABBED OR ANYTHING ELSE. CASH FOR GOLD MUST BE SHUT DOWN IN JAMAICA RIGHT NOW!!!!

  22. Effective submit. Thank for sharing.

Leave a Reply