Ramble On Ron

Diamonds, Music and other Facets of Life

The Gold Party Is Over

Posted on | August 30, 2010 | No Comments

Got an email this morning from the State of Maryland Department of Labor, Licensing and Regulation prohibiting “hotel shows and home gold parties”. Here’s an excerpt from the bill:

SECONDHAND PRECIOUS METAL OBJECT DEALER/ PAWNBROKER ACT
COMPLIANCE ADVISORY

New law prohibits hotel shows, home gold parties; requires dealer name, license number on advertisements. On October 1, 2010 HB318, which will change the way secondhand precious metal object dealers and pawnbrokers conduct business in the State of Maryland. The following changes will take place on Friday, October 1, 2010:
1. Dealers and pawnbrokers will no longer be able to transact business at a location other than the fixed business address except under certain limited conditions.
After September 30, 2010 dealers and pawnbrokers will no longer be able to conduct hotel shows or home “gold parties.”

Finally! It took long enough for the state to realize that these fly-by-night hotel and gold party outfits were not operating under the same laws and provisions that honest jewelers and pawnbrokers are. In a previous law, the State of Maryland prohibited internet transactions. I applaud this new law and I hope this sets a precedent for buying jewelry in other neighboring states like Pennsylvania, Virgina, New Jersey and Delaware. It seemed that every former mortgage broker was asking me how to get into the gold game when it was hot. Gimme a break.

What’s the good news? The good news is that Samuelson’s Diamonds is buying gold, diamonds, silver and estate jewelry at our location. We’ve been at the “gold party” for the past eighty-eight years and we’ll be here for years to come.

So come to a place where “Trust is a Family Tradition…”

Category: Business, Jewelry
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