Be careful not to be fooled with your gold… A prefecture warns against this practice

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You have probably already had this leaflet in your mailbox. We invite you to come and sell your gold on a specific date and location. Except that you risk being tricked, warns the prefecture of Gerswhich warns of this type of practice.

The Gers Departmental Directorate of Employment, Labor, Solidarity and Population Protection calls on consumers, invited, following postal canvassing, to be vigilant. “in private mansions or other places” for gold and precious metals repurchase operations.

Prices too low…

During these operations, excessively low repurchase prices were noted (around €2 per gram of gold) compared to those practiced by established establishments (between €40 and €50 per gram). ).”

The right of withdrawal not always respected

“As a reminder, the consumer has a right of withdrawal of 48 hours in the context of a gold redemption transaction. This period is 14 days in the event of door-to-door canvassing (mail addressed by name),” specify the prefecture services.

This is also where there is another problem: this right of withdrawal is rarely implemented. However “when the professional cannot return the purchased good, he must pay the consumer double the sale price received for the sale of this property.

“The gold objects having been repurchased at an abusively low price, the amount paid in the event of withdrawal would itself be very low compared to the current price of gold, generating in addition to the loss of the objects, a substantial loss of profits” , concludes the prefecture. You have been warned…

For more information you can consult the dedicated practical sheet on the website of state services in Gers here.

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