Archive for June 2018

What do you need to know before selling jewelry?

Rediscovering the merits of gold in times of economic crisis, many new investors, and therefore not very exposed to the risks associated with its acquisition have been tempted by the precious yellow metal, but not always for the best. Aware of the situation, Jean-François Faure, president of AuCOFFRE.com, recalls the “golden rules” to follow for who wants to invest safely in gold. Intermediaries, fees, storage, taxation … How to make the right choices?

Contact a trusted intermediary

This is no longer their job. All the bankers say it themselves. They cannot easily sell physical gold and therefore avoid doing it or do not always do it correctly. This complexity is due to the fact that agencies can no longer manage values. Moreover, they do not realize sufficiently interesting margins on these products compared to the time spent. And they do not buy gold either because there are no numismatists or experts who can measure the quality of products. In summary, the sale / purchase of physical gold is not a profitable economic model for banks. The use of the Safe gold seller is essential here.

  • Never stop at a single store to form an opinion, but compare the purchase price / sale, the quality offered for the price, the additional services (sealed products for example).
  • Beware of shops that brand their seniority. As for restaurants, the sign could have existed for 70 years but was taken back 6 months earlier by people who do not know the trade. You have to talk with the professionals and go to those who know what they are selling. Investment gold requires real skill.
  • The investor should go to the forums and learn about the reputation of this or that site. We must avoid unknown companies. It is also advisable to move towards companies headquartered in France. If there was a problem, it would be manageable.

Gold yes, but in what form?

gold is a financial concept defined by the European Union. It may be a bar (or ingot) or a wafer with a purity equal to or greater than 995 thousandths, more than 1 gram. Second possible form: a coin minted after 1800, of purity equal to or greater than 900 thousandths, having been legal tender in the country of origin and sold at a price not exceeding 80% of the value of the gold contained in the room. And it also concerns, in addition to physical gold held by individuals, gold represented by securities (at least 995 thousandths): certificates and future or forward contracts.
scratch off map

Patrick Poivre d’Arvor

  • Partner links