Nation e-Edition

Gold bar

Gold bar Barry Gale QC

Thu, March 07, 2013 - 12:05 AM

A prominent attorney in Barbados wants the cash-for-gold business to melt away.

But more importantly, Barry Gale, QC, wants to see the Royal Barbados Police Force become more innovative in its fight against the upsurge in daring daylight robberies involving the theft of jewellery.

In addition, he believes it is time for hotel owners to face reality and start informing guests of the distinct probability of being robbed of their valuables during their stay in Barbados.

“The point is that this (upsurge in daring robberies) isn’t happening here and there anymore. People are being robbed of gold virtually every day. Hotels have a duty to their guests to warn them what they may face during their stay here.

These are very extraordinary times at the moment,” the attorney-at-law added.

Please read the full story in today’s DAILY NATION, or in the eNATION edition.

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Posted by Frank Husbands 1 year, 5 months ago
Cash for gold isn't going anywhere.I find it interesting that all this gold is heading from all over the world in one direction.The USA,once you land this gold in America you get premium price for it no questions asked.Why would America be buying and hoarding so much of the world's gold at this time in history when America is in its biggest economic downturn ever? America drop the gold standard many years ago so too did Britain.Yet in this modern economic crisis these countries are attracting the world's gold to its shores under the guise of cash for gold.

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Posted by Pan Wallie 1 year, 5 months ago
While the RBPF is coming up with innovative ways to curtail this problem, the visitors will be finding innovate holiday destinations.

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Posted by Pan Wallie 1 year, 5 months ago
While the RBPF is conjuring up innovative ways to curtail this problem, the visitors will be finding innovative locations to enjoy themselves.

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Posted by Dale Harris 1 year, 5 months ago
Mr Husbands please forgive me for having to contradict your assertion that the US is a major importer of Gold in a global context. Cash for Gold has absolutely nothing to do with US policy! It is purely a very profitable enterprise for the buyers since the sellers do NOT have the vaguest clue what their jewellery is truly worth and are therefore ripped off!
When it comes to countries that currently are purposely importing large quantities of Gold the Winner by far is China,their imports increased by 94% last year at approx 600 tons. China is already the World's largest producer of Gold through mining!

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Posted by dirtyokra two point o 1 year, 5 months ago
@Dale Harris. Thank you for setting Mr Husbands straight as he is in the dark as to what is happening concerning importation of gold to the U.S. Premium price no question asked? BS. Not a chance Frank. Get your facts straight. They get a fraction of the market value and have to produce identification to complete any transactions. This is from the gold brokers themselves to the ma and pa pawnshops.

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Posted by Rod mann 1 year, 5 months ago
Enough talk time for action .................

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