'Money for Gold' companies

[Whickerman]

We've all seen the ads on tv/papers etc for the gold-buying companies. What checks (if any) do these companies do to make sure the goods they're buying aren't stolen? Or are they a charter for burglars?

[factor-fiction]

As far as I know they don't make any checks. How could they?

[Jemisa]

It wouldn't be in their interest to check would it? Besides if it was stolen property one would hardly sell it to those sort of people they would only get peanuts for it.
Also this service is mainly for broken jewellery, I can't see the thieves breaking their booty all up to send on for peanuts can you. Doh!

Jem

[Mattk]

I would imagine you are confirming ownership when you send in. Whether it is true or not is not their concern just as long as they have it in writing.

With gold currently at £28 per gramme I would imagine they are making a killing.

[Jemisa]

Yeah! thats why every Tom, Dick, & Harry are cashing in.
I even had blokes knocking at my door the other day asking for jewellery in any condition, supposing I gave 'em stuff that "Looked" like Gold - would they know?

Jem.

[trt]

They were investigated on watchdog a few weeks ago, and they offered crap money for the gold to that little sh1t Dom undercover, but if you bartered they give you a few bob more, but they have to cover the advertising on TV and the papers I suppose.