Gold has never sold or bought so dearly. This most precious metal once again broke a new historic record this Thursday, March 22, exceeding 2,200 euros per ounce and 65,000 euros per one-kilo ingot. Since mid-February, the price of gold has simply jumped by almost 12%. This is unheard of. As a result, gold, more than ever, is a safe haven. And more and more individuals are selling their jewelry, but also investing to secure their savings.
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Having barely crossed the door, you have to wait to reach the counter behind a glass, a few meters further, to sell your gold. Jean-Pierre, retired, has been waiting for a few minutes. “ I have some old family jewels that have been lying around in a drawer for a few years and we agreed to sell these family heirlooms. There’s no point in keeping them. Then in the current era, it will please our children, our grandchildren. There you go, a little restaurant, something like that “, he explains.
Arriving in front of the counter, he presents the ring, the pendant and the earrings that he has come to sell. Jean-Pierre is delighted, the amount of the sale meets his expectations: 440 euros. And the surge in gold prices was a trigger for him. “ It’s still a bit of a safe haven value, so it’s quite the good opportunity », he adds.
Gold, a safe haven
And Jean-Pierre is not the only one to sell his gold, quite the contrary. There are crowds in this office. David Knoblauch is one of those responsible. “ About ten years ago, we had around ten people making transactions every day, who passed through the door of Godot et Fils. Today, we are at more than 60, 80 transactions per day. This is unheard of ! From opening at 9:30 a.m. until closing, it doesn’t stop », he remarks.
Gold is a safe haven. If many individuals sell to obtain more liquidity, more and more of them are buying, precisely, believing that it is much more interesting than a bank investment.
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