the essential
If not giving in to the temptation of gold is a virtue, reselling it can be considered an act of generosity to please loved ones at Christmas. This is how many sell their gold, without remorse, in Cahors, in shops dedicated to this transaction. Other concerns and motivations drive them, such as the end of the month when the refrigerator is empty and the mailbox is full of bills. The gold that sleeps in the drawers then becomes more precious than ever when it is transformed into money.
“It's gold. The gold of waking up. Monsignor. It's eight gold” and today we are in Cahors, can we add to complete the famous line from Yves Montant to a hilarious De Funès surrounded by gold coins in “Delusions of Grandeur.” It is almost in the same setting that Marie bathes at the helm of K.or Numismatique, her gold and silver purchase point located at number 63 Place Galdemar.
The reasons for selling
People are quite discreet about their motivations when they decide to sell their gold. Some, however, confide: “They make me understand that they sell their gold according to many very different parameters: taxes, bills to pay, charges, difficult ends of the month and even in the middle of the month” explains Marie.
How much money in your pocket for 30 grams of gold?
Sellers manage to make good deals by reselling old jewelry with precious gold. Jewelry that will be melted down to leave only the gold and only the gold alive.
“The quantity of gold that will be extracted is paid by weight depending on the price. Today, the gram of 18-carat gold is paid at €52. This would make a total of €1,560 for 30 g of gold “It’s quite common. Sometimes we have more,” explains Marie. Then, it's up to you if you have a little money to do your end-of-year shopping. Gold whets the appetite.
It's quite difficult to quantify the number of people who come to increase their purchasing power by building up a jackpot intended for Christmas gifts. But this reflex must still be taken into account. We can consider, without going astray, that the Cadurcians who currently go around with their arms loaded with gold, in hard cash (collector's coins in particular), want to have cash very quickly. This is so as not to have to tighten your belt during the holidays.
Photo J.-L.G
Purchase of gold: 33% of Cash Express store activity
Adrien, manager of the Cash Express store, in Cahors on Boulevard Gambetta, makes the same observation, but only in the final stretch before the holidays: “In November in particular. People who carry their gold can then use their money for purchases in this same store where they will find gift ideas for Christmas,” he suggests.
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“Gold purchases represent a big activity for Cash Express. Exactly 33% of our overall sales. Telephony accounts for 30% of sales” indicates Dylan, salesman, while Jérémy and Sylvie, a couple of young customers, are interested on guitars. There are some great deals to be had. And everything is guaranteed.
“Before buying, we have to sell some jewelry”
“We want to introduce our son to the electric guitar and to give him one for Christmas. Here we find equipment at a very good price. For the price of a new guitar elsewhere, in this store we can have a revised instrument with its case and an amp We don't plan to buy it right away. For the moment we're just doing a little scouting before buying, we have to sell some jewelry.” sighs Jérémy.
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Jewelry, a Cartier watch and an auctioneer who gave no quarter to the worthless objects
It is often difficult to part with a precious object that evokes memories. But the lure of profit is stronger. Jérémy and Sylvie are not rolling in gold, it is their gold that will roll in for them, giving life to their purchasing power and allowing them to look forward to Christmas more serenely.
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