Jump to content
House Price Crash Forum
Sign in to follow this  
Guest redwine

Gold In France

Recommended Posts

Guest redwine

the last 6 months or so we have been getting lots of free ads for ACHAT D'OR buy gold

this weekend coming the 5 and 6 th of june you can sell at a local hotel

gold rings ,brackets,necklaces and even second hand gold teeth

not so long ago it was a "marché provencial" fine herbs and honey

is this going on everywhere in france ?

must be a sign of the times it reminds me of pawnbroker's !!

Share this post


Link to post
Share on other sites

Yes. There have been a couple of gold shops set up in Antibes in the last 6 months. Nice is the same. Cannes as well.

And every free sheet paper plus Nice Matin carry adds every week for these places. Seems the last time the region saw so much interest in GOLD was in the 70s recession. Read into that what you will :unsure:

A friend at a local bank tells me they have had a large number of enquiries since Jan about clients wanting to buy Napoleons etc..........

Share this post


Link to post
Share on other sites
Guest redwine
Yes. There have been a couple of gold shops set up in Antibes in the last 6 months. Nice is the same. Cannes as well.

And every free sheet paper plus Nice Matin carry adds every week for these places. Seems the last time the region saw so much interest in GOLD was in the 70s recession. Read into that what you will :unsure:

A friend at a local bank tells me they have had a large number of enquiries since Jan about clients wanting to buy Napoleons etc..........

today it was p*ssing down in the jura as usual

so i popped into the gold mine hotel nobody was there except a salesman

he told me that he goes around france buying anything in gold rings teeth etc

then he sends it to his employer in germany where they smelt it into gold bars

it is nothing more than a new "crisis" business

they make there money today by using fear of the future and insecurity especially from people from another generation

anyway i left as i had no second hand gold teeth to sell

Share this post


Link to post
Share on other sites

Re. prices paid by these gold buyers: The local shop in Antibes is paying about half the market spot rate. ie. 50% of current value. That's a nice mark up in anyone's language ;)

As you say, people who are desperate for cash ain't going to grumble. I'd also reckon a large minority have no idea of the current market price of gold................... :rolleyes:

Share this post


Link to post
Share on other sites
Guest redwine
Re. prices paid by these gold buyers: The local shop in Antibes is paying about half the market spot rate. ie. 50% of current value. That's a nice mark up in anyone's language ;)

As you say, people who are desperate for cash ain't going to grumble. I'd also reckon a large minority have no idea of the current market price of gold................... :rolleyes:

a 50% profit doesn't surprize me in france not only in gold but in just about anything eg food ,dvd's,electronic's etc

high profit margins are or seem today to be the" norm" here along with "price fixing" no competition is welcome

house prices here are blocked with a minium price of 200k then going upwards anything less is a dump or a problem house eg dampness,heating problems badly located etc

owners still expect a big "pv" or profit when they put there property on the market

after over 10 years of being told that they can make good tidy sum of money they refuse anything less

they all watch M6 "maison a vendre" even "stephane"the ea is having a hard time trying to make the sellers lower there prices :(

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   287 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.