Scrap and Precious Metal Dealers Bill 2011

micropig

I heard them talking about this on Pat Kenny this morning. Basically places that buy gold, metal etc will have to hold it for 3 months, in case the guards are looking for it.


Scrap and Precious Metal Dealers Bill 2011
Scrap and Precious Metal Dealers Bill 2011 is a Private Members Bill introduced by Deputy Mattie McGrath. The purpose of the Bill is to implement stricter controls relating to the purchasing, selling, trading, consignment selling or otherwise transferring for value, more than three times per year, second- hand property that is a precious or scrap metal.

I think its a great idea, At the moment they're are lots of burglaries for gold, which the thieves can just post away to certain companies in exchange for cash. It's an easy money maker for them and there is no way of tracing the gold. I think everyone should lobby their local to to get this passed. It would cut down on a lot of robberies.

What do you think?

flanders1979

Delighted for the caravan enthusiasts

Fromthetrees

Good idea. :cool:

policarp

Long overdue. . .

ottostreet

Mattie McGrath has the ould brain switched on.

senorwipesalot

Mattie Mcgrath has tin toenails,thats why.
Paranoid fcuker.

micropig

ottostreet wrote: »

Mattie McGrath has the ould brain switched on.

You should listen to what he had to say on the radio this morning about who this would most affect


Edit: this thread would be closed straight away if I said it here

Biggins

All for it.
Why? http://www.boards.ie/vbulletin/showthread.php?p=77337999

44leto

About time and hopilly stiff sentences and fines for violators, these illegal scrap collectors and dealers are quickly becoming menaces.

gizmo555

Fromthetrees wrote: »

Good idea. :cool:

I think it's nuts. Dealers in precious metals make their money on the difference between the price they buy and the price they sell. If you force them to wait three months before they sell, they'll have to hedge in some way the risk that the price will move against them.

You can be sure it will be the ordinary punter who will bear that cost, in the form of an even more derisory price than now for the jewellery they're selling to try to raise a few bob.

senorwipesalot

gizmo555 wrote: »

I think it's nuts. Dealers in precious metals make their money on the difference between the price they buy and the price they sell. If you force them to wait three months before they sell, they'll have to hedge in some way the risk that the price will move against them.

You can be sure it will be the ordinary punter who will bear that cost, in the form of an even more derisory price than now for the jewellery they're selling to try to raise a few bob.

Is that you Blackie?

goose2005

micropig wrote: »

I heard them talking about this on Pat Kenny this morning. Basically places that buy gold, metal etc will have to hold it for 3 months, in case the guards are looking for it.

Scrap and Precious Metal Dealers Bill 2011
Scrap and Precious Metal Dealers Bill 2011 is a Private Members Bill introduced by Deputy Mattie McGrath. The purpose of the Bill is to implement stricter controls relating to the purchasing, selling, trading, consignment selling or otherwise transferring for value, more than three times per year, second- hand property that is a precious or scrap metal.

So you can sell scrap three times a year and not get checked out?

I think its a great idea, At the moment they're are lots of burglaries for gold, which the thieves can just post away to certain companies in exchange for cash. It's an easy money maker for them and there is no way of tracing the gold. I think everyone should lobby their local to to get this passed. It would cut down on a lot of robberies.

I don't know, the scrap value these companies pay is very low - real burglars would surely get better rates from fences.

Holding onto everything for 3 months will also give scrap dealers higher storage & security costs. And given that the thieves are, allegedly, highly mobile entrepreneurs operating in many areas of the country, couldn't they just sell the stuff up north or in Britain?

strobe

micropig wrote: »

I think its a great idea, At the moment they're are lots of burglaries for gold, which the thieves can just post away to certain companies in exchange for cash. It's an easy money maker for them and there is no way of tracing the gold. I think everyone should lobby their local to to get this passed. It would cut down on a lot of robberies.

What do you think?

What I think is that someone will have to show that the number of robberies in the country have risen in direct proportion to the value of gold and the increase in the number of cash for gold style businesses, or businesses offering that service, before I will even entertain the idea that this law will have even a tiny negligible effect on the number of burglaries in the country.

micropig

gizmo555 wrote: »

I think it's nuts. Dealers in precious metals make their money on the difference between the price they buy and the price they sell. If you force them to wait three months before they sell, they'll have to hedge in some way the risk that the price will move against them.

You can be sure it will be the ordinary punter who will bear that cost, in the form of an even more derisory price than now for the jewellery they're selling to try to raise a few bob.

A least it might stop them robbing it

Edit: I think the link between being able to get rid of it so quickly and the amount of robbing is fairly obvious not just gold, even the wiring from the train signals/tracks at Limerick Junction got lifted. With the price of petrol/diesel to drive up the north, it would be less profit for them.

woodoo

If it is not done in tandem with Northern Ireland it will not work.

I would love if something was done. People round my way are tortured with copper theft and the threat of it. Scumbags breaking in and ripping out the copper cylinders in the house leaving a flooded house.

Phill Ewinn

Doubt if China would let gold out of the country. I honestly doubt people recognise how important these resources are to any ecomony.

Keep gold in Ireland.

micropig

woodoo wrote: »

If it is not done in tandem with Northern Ireland it will not work.

I would love if something was done. People round my way are tortured with copper theft and the threat of it. Scumbags breaking in and ripping out the copper cylinders in the house leaving a flooded house.

+1 The fear is widespread, this is definitively a step in the right direction

Senna

goose2005 wrote: »

And given that the thieves are, allegedly, highly mobile entrepreneurs operating in many areas of the country, couldn't they just sell the stuff up north or in Britain?

The majority of burglars are junky scumbags who are stealing to get money asap. A select few are more organised.

micropig

Senna wrote: »

The majority of burglars are junky scumbags who are stealing to get money asap. A select few are more organised.

It doesn't really matter who is doing the robbing, it's how they are disposing of the swag.