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Precious Metal Recycling

Friday, August 20, 2021

City of Winnipeg Kills Cash For Gold Business

 

No More Cash For Gold

City of Winnipeg Precious Metals Dealer By-Law Kills Cash For Gold

Recent changes made by council to the City Of Winnipeg Doing Business in Winnipeg By-law require that KMG Gold Recycling® now must conduct business exclusively by "commercial transaction".

On July 22, 2021, City of Winnipeg Council passed amendments to the Doing Business in Winnipeg By-law No. 91/2008.

The amendments require licensed Precious Metals Dealers to ensure that goods they buy are not disposed of until at least 30 days have elapsed after reporting the purchase to the Chief of Police. The previous time period for holding purchases after reporting to police was 15 days.

Holding purchases for 15 days was a reasonable time for the police to investigate and search for stolen items amongst our purchases. It was also a reasonable amount of time for us to cooperate with law enforcement.

30 days is unreasonable.

Not being able to sell the gold jewellery that we purchase for 30 days, in the volitile precious metals market is economically unviable.

Therefore, effective immediately, we shall conduct all business exclusively by "commercial transaction".

• WE MUST PAY BY 7-DAY POST-DATED CHEQUE

• CHEQUES MUST BE MAILED TO YOUR ADDRESS

Don't like it?

Neither do we.

Contact the decision makers:

The Doing Business In Winnipeg By-law is available online HERE

If you are selling stolen property, please go to any of our competitors who pay cash and don't require I.D. or the travelling gold buyers that set up just outside the city limits so they don't require a license.

This By-law Amendment has nothing to do with curbing criminal activity...

Posted by Michael Gupton at 3:59 PM 0 Comments

Thursday, November 26, 2020

COVID Update: KMG Gold Open For Business Remotely

November 26, 2020. Winnipeg MB.

COVID-19 Update:
In this time of uncertainty, the safety and well-being of our customers, staff and communities is our top priority. We're reaching out to let you know that we are here to help.

1220 Pembina Hwy & 620 Academy Rd locations are OPEN to Buy, Sell, Refine, & Pawn Gold, Silver, Jewelry, Coins & Bullion.
All of our normal goods and services are still available for pick-up, delivery, no-contact, remote, touchless, and curb-side.

Single, individual customers may drop-off, pickup, get paid, buy and pay, but are not allowed inside our showroom.

We also offer NO CONTACT - NO WAITING 24-HOUR DROP-OFF at our Bank Depository, available 24 hours a day at our 1220 Pembina Hwy location only.

KMG Gold 24-Hour Bank Depository


Posted by Michael Gupton at 1:42 PM 0 Comments

Monday, May 25, 2020

KMG Gold President Mike Gupton on CTV Morning Lives

May 25, 2020  
COVID-19 UPDATE:

Watch KMG Gold president Mike Gupton on CTV Morning Live HERE

Posted by Michael Gupton at 3:48 PM 0 Comments

Sunday, March 22, 2020

WE ARE OPEN - COVID19

 During these trying times, we have closed 620 Academy Rd and 1514 Regent Av W. and shall keep our head office at 1220 Pembina Hwy open.
7 days a week.
We have changed our hours to make it more convenient for our customers and staff to safely and securely continue offering personal financial services.
Social distancing is in effect. Please keep a safe distance of 6 feet (2 meters) between others in the store at all times.
All consignment jewellery, jewelery loans, and pawns are safely secured.
Please contact us at customerservice@kmggold.com or at 1-877-468-2220 for more information.
Also check Google, Facebook, Instagram and Twitter regularly for updates. As well as our website, kmggold.com
Posted by Michael Gupton at 5:01 PM 0 Comments

Wednesday, July 25, 2018

UPDATE-Counterfeit Fake Gold Rings Chains In Winnipeg Kenora

Update to the previous post about people selling fake gold jewelry.
People have indicated to us that they have been approached in Clearwater Bay ON two weeks ago, and in St. James Winnipeg one week ago, by a young couple with a small child claiming to be from Dubai and that they needed gas. They were driving a 4 door Nissan with Quebec plates.

KMG Gold Recycling Fake Gold Jewelry
Posted by Mike Gupton at 10:47 AM 0 Comments