Cash-for-gold sector reaches saturation point

The proliferation of ‘cash-for-gold’ outlets across the country in the last year has reached saturation point, according to those in the sector.

20th November, 2010

The proliferation of ‘cash-for-gold’ outlets across the country in the last year has reached saturation point, according to those in the sector.

When Richard Walsh set up Goldparty.ie in July last year, his idea of offering cash in exchange for scrap gold was a novel one. Now he estimates that there are ten cash forgold stores in his native Galway alone.

‘‘There are so many new players in the market, and the...

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