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<p>We have no plans to introduce new regulations at this stage. Gold, unlike scrap
metal such as lead, is sold through many different outlets including antique shops,
jewellers, pawnbrokers and shops offering cash for goods. Any new regulation would
potentially be both complex and expensive to implement and enforce. <br><br>The crime
prevention panel that we have set up in the Home Office is looking at new ways to
prevent the theft of gold. This includes a review of an existing voluntary code of
practice on the sale of gold that has been developed by police in collaboration with
the National Pawnbrokers Association, the British Jewellers’ Association, the National
Association of Goldsmiths and others. <br>Shops signing up to this code of practice
agree to follow a number of guidelines, including asking for proof of identity when
gold is offered for sale and maintaining detailed records of goods purchased. We expect
this work to be completed in early 2015.</p><p> </p><p> </p><p> </p>
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