The Water Cooler – Cash for Gold

January 29, 2015 12:00 pm · 46 comments

The “Water Cooler” is a feature on where we ask you a question or provide a topic, and you talk about it!

The “Water Cooler” will be up Monday-Friday at noon!

Today’s question:

Do you think the Cash for Gold businesses around Claycord are bad for our community?

Talk about it….

GoGo Gomez January 29, 2015 at 12:02 PM


Mr. Pink January 29, 2015 at 12:04 PM

Not sure. They’re kind of tacky, ala pawn shops. I do dislike their stupid sign-spinner/shakers though.

The Mamba January 29, 2015 at 12:08 PM

No worse than the check cashing places and Section 8…

Always Right January 29, 2015 at 12:12 PM

Absolutely. These are fencing operations for stolen goods. Close them down.

mika January 29, 2015 at 12:20 PM

do they ask for ID from the sellers? like the. recycling places do?

Julio January 29, 2015 at 12:22 PM

They are bad for a community like smoke shops, pawn shops, check cashing places, sex toy shops, computer gaming stores, and some liquor stores. The fact is for each one opened the community has lowered their standards acceptable for quality of life. This is something the city of Antioch does not understand.

GRX January 29, 2015 at 12:26 PM

Think about it…. it’s a glorified pawn shop.

Totes Magotes January 29, 2015 at 12:28 PM

No. Can you say “stolen property”? Also dislike the check cashing and massage parlors all over the place!

Dwight Schrute January 29, 2015 at 12:28 PM

Interesting that this question is just after the home invasion in Alamo…

Bella January 29, 2015 at 12:31 PM

I think there just “fronts” for something else. Maybe illegal activity! There’s no way they make that much money for rent.

Ancient Mariner January 29, 2015 at 12:34 PM

In the same way that a gold dredge vacuums specks of gold off the river-bottom, the cash-for-gold places vacuum up what few things of real value that the poor possess, further impoverishing them in the long run.
When I saw the first cash-for-gold and payday loan offices open up around here, I knew it was a sign of the times. As a community we are becoming poorer and more desperate.

The Mamba January 29, 2015 at 12:37 PM

Julio, computer gaming stores?

___ January 29, 2015 at 12:43 PM

I’m not as concerned about the shops as their clients. Having turd clients may be a reason to consider not allowing certain businesses, but its a slippery slope. As the lowlife population in Concord continues to bloom, there may be no place left to do business.

Concord Res January 29, 2015 at 12:47 PM

Very Bad for the Community! Can only bring bad things. Not sure why we need one on every corner? If you look at the shops, signage and clientele you know its not good.

Cynthia January 29, 2015 at 12:55 PM

No thanks!

Anon January 29, 2015 at 1:01 PM

These establishments (Check-cashing, pawn shops, etc.) are an economic indicator or a sympton of your community… not the cause of it… there must be a demand or that the area is generally under-served.

Otherwise why would they choose to locate anywhere?

RunDogRun January 29, 2015 at 1:19 PM

Reminescent of the worst
parts of Oakland. Way to
go Concord.

thx4youropinion January 29, 2015 at 1:21 PM

Don’t do it.

Aside from being shyster outfits, the last thing that you’d want to do is hand over an extremely valuable piece of jewelry or coins (for example) to get the “price of gold.”

You’d be losing out on the antiquity or numismatic value of perhaps thousands upon thousands of dollars.

Find a reputable antique dealer to get an appraisal.

Pyrrhus January 29, 2015 at 1:22 PM

@17 Economic Indicator of a community? Somebody tell Danville, San Ramon, Lafayette and Dublin that they economy is crashing on them.

The problem with Cash for Gold shops is that there are some that aren’t following regulations and laws. They are under the same rules and regulations as pawn shops.

I’ve never sold to a pawn shop or a Cash for Gold type place, so I’m not sure if fingerprinting is enforced state wide. That would heavily discourage thieves from selling stolen goods. Can someone confirm whether it is required state wide?

Mike "troll" Dame January 29, 2015 at 1:26 PM

i dont think they are a bad thing but there are definitely too many around though

Anon777 January 29, 2015 at 1:32 PM

You can’t say they are all bad. I’m sure some accept stolen goods, just like the recycling venues do. I’ve used one of these stores because as teenager/20 something I had tons of gold jewelry which I hadn’t worn in 20 years. I was actually surprised how much $$ I got for it. It was a completely legal transaction.

Raquel January 29, 2015 at 1:46 PM

I have used the jewelry pawn shop about three times in the last few years. I have only been to one business, and they are legit. And yes, they do fingerprint you. Thx.

LB January 29, 2015 at 1:59 PM

I had a gold bracelet that I bought for $200.00 about 20 years ago and a cash for gold store gave me $360.00 for it last year.
I didn’t need the money, but I hadn’t worn it in years and it was just sitting in a drawer, so I thought “why not?”
I also miss the pawn shop that was at the corner of Mt. Diablo St. and Pacheco. They had some nice things there at really good prices, I bought my first 50mm SLR camera there.

Dirk Diggler January 29, 2015 at 2:17 PM

No, tacky.
Classy Concord.
I don’t see how a video game store is bad, but I don’t frequent them.
Maybe the poster could tell us why he sees these as awful.

Conspiratherapist January 29, 2015 at 2:25 PM

No, the Anunnaki needs the gold particles to spray in their atmosphere to save their planet.

Anonymous January 29, 2015 at 2:26 PM

After our home burglary Concord PD asked us to check them. One was really unfriendly he knew what we were doing.

Silva January 29, 2015 at 3:03 PM

Without these businesses how would the knocks and tweekers conviently fence the family hierlooms and our favorite gifts and pieces they work ever so stealthily burgling from us?

tired of taxes January 29, 2015 at 3:38 PM

Not much gold left to siphon off the populace.
I remember back in 2008 when there were several around town and a few friends even had “cash for gold” parties; they host the buyers, invite friends over to sell their jewelry for way under scrap prices and take a cut of the proceeds from the party.

Coincidentally, central banks all around the world are increasing their holdings of gold/repatriating their gold. Hmm, wonder why?

... January 29, 2015 at 3:54 PM

Encourages and reinforces nanny state instant gratification mentality. Ask your friends and relatives if they have savings for emergencies? If honest most 18 to 28 year olds have a negative financial position, credit card debt and no savings.

Laws allowing predatory financial transactions upon the least financially sound (payday advance) were allowed by democrats solely for the benefit of their mega wealthy campaign contributors.

Just wondering January 29, 2015 at 4:04 PM

What if you had jewelry stolen and then found it in a pawn shop do they just give it back to you or do you have to buy it back?

sarah t January 29, 2015 at 4:33 PM

@just wondering. You have to file a police report and go from there. How do I know concord house was robbed and I never saw my belonging again. I hope you burn concord

just a concordian January 29, 2015 at 4:37 PM

Cash for gold? I thought that was the new euphemism for myredbook or craigslist escort section.

Michelle(original) January 29, 2015 at 4:38 PM

These businesses have a terrible impact on the community. Those tweakers sell their gold just to get drug money; they might as well turn it into a smoke shop all of those tweakers and weed heads begging constantly for more and more money.

@Just wondering January 29, 2015 at 4:58 PM

I had something of mine stolen and the police found it in a pawn shop. This is how it was explained to me… Because the pawn shop bought it in good faith and believed it was not stolen, I had to pay the pawn shop to get my property back.

Anon, too January 29, 2015 at 5:07 PM

Yes, they’re bad for the community. Some commenters need to note: they’re not just in Concord. I’ve seen them in Pleasant Hill as well.

Bob Brittain January 29, 2015 at 5:10 PM

We sold our class rings that we never wore at a local jewelry store. I checked a couple of the stores and chose the one with the best offer. I admit to being old enough to have received about 900% return on investment. Oh, and we had to provide photo ID when we made the sale.

ph res January 29, 2015 at 6:26 PM

Every type of business has its unethical shysters as well as the legitimate law abiding owners. I have used a pawnshop to sell old, out of fashion jewelry and they were very careful about taking my fingerprints and I.D.

@just wondering January 29, 2015 at 6:47 PM

Just Wondering, It happened to a friend of mine a few years ago. She had to buy back her ring from the pawn shop. And her husband is a cop.

Just Me January 29, 2015 at 6:48 PM

Its a free market, everyone deserves to have a business. If you don’t like it, then don’t go there. Simple.

Justin January 29, 2015 at 8:43 PM

They pray on the poor and empower crooks and scam artists while taking advantage of fuzzy old folks.

I loathe these and check cashing places. Terrible and unethical.

Nokeem January 29, 2015 at 10:35 PM

They are NOT under the same rules as pawn shops! They are classified as assayers and melt down at will. Also, pawn shops hold for 30 days BUT only a cop can look at what’s on hold. A line of gold purchasers are waiting for first dibs on the hold hold. Pawn brokers do offer the best price on gold. Cash for (stolen) Gold is a cheap second, but for obvious reasons. Their wealth is built on the backs of the middle class who can neither afford to insure or replace their stolen treasures and heirlooms. I went to several of these places and can indeed confirm the lack of holding, cuz it’s gonna get melted down as soon as possible AND the far lower remuneration to the seller when compared to pawn shops. Be serious! These places have to go. Then we go after jewelry shops who are also buying and melting because they can and without any regard to where it came from, just melt it and bam all evidence is obliterated. I am not saying that is legal, but I do know it went on heavy during our recent Depression. Built on my back? Yes. And I say no more.

Mimi (original) January 30, 2015 at 1:16 PM

How is it that this type of business survives?? Is everyone so desperate??

martinezdad January 30, 2015 at 5:43 PM

Some places “forget” to ask for ID or to write receipts. I know this

barn January 30, 2015 at 5:52 PM

at 27 was that the one on clayton baily rd

Frenchieluver January 31, 2015 at 12:28 PM

Took an old silver set of my grandmas there, NEVER used it. Got enough $ to have a wonderful vacation in France last summer. Totally worth it.

JJ February 3, 2015 at 2:35 PM

Have you ever been to a pawnshop? Do you know how highly regulated they are? If you don’t, let me give you a small insight: ANY items that are bought or loaned on by a pawnshop must be accompanied by Government-issued ID, which includes a photo and signature of the customer; the customer must sign in multiple places on a three-part contract that the property is THEIRS (under Penalty of Perjury); all of this property then goes into POLICE HOLD and can be inspected by police; and the finance charges are all set by the State and haven’t changed in more than 10 years. “Cash For Gold” locations are supposed to be under these same rules – except they don’t offer loans, they just buy under a State and City issued Secondhand Dealer’s Permit. If YOU find a store in your community that is NOT holding or taking ID, you should report them so the Police have an opportunity to shut them down.

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