With how many grams of gold can you give me a mobile phone? This question was asked me a few days ago by a lady who wanted to sell some gold in my shop.
To be honest, at first, I thought I had misunderstood and when I asked the lady what she meant by her question, she replied:
“There is the buy gold XXX which with TOT. grams of gold gives me a cell phone.”
Obviously, I don’t have cell phones or any other gadget to ” GIVE ” in exchange for gold, but my explanations were useless: the irritated lady took her gold and walked away without even listening to the evaluation that I would have done for his valuables.
Halfway between amused and annoyed, I took the opportunity to write this article on gold buyers offering “ GIFTS ”.
Let’s start right away with a golden rule :
Nobody Gives You Anything For Free.
This rule, although it can be applied everywhere, is especially true when it comes to trade, especially when it comes to buying gold.
Why do you think a shopkeeper should give you a mobile phone, or a tablet for example?
Why is he generous, or why does he pay you to gold so little per gram that the earnings allow him to “give you” a sop?
Tablets, cell phones, scratch cards, holidays, coffee machines, and so on, are just the classic bait and switch!
They attract you with the excuse of a gift, to buy gold at a much lower price than you would have gotten from a gold shop that DOES NOT give you anything, BUT is serious and offers you what your gold is worth.
In your opinion, then, how does a shopkeeper who earns €1.50-2 per gram gross get you a coffee machine or a tablet with 65 grams of gold as a gift?
As cheap as these items may be, I’m sure they’ll cost around a hundred euros. So who has a gold buyer who works for nothing?
It is obvious that if instead of withholding €2, he withholds €5 or more, the situation changes.
I’ll give you a practical example:
Let’s say 18kt is listed on the stock exchange at €23.50 /gr, and you have 65gr of gold to sell.
You have two choices:
I buy gold that gives you nothing but offers you €22/gr
I buy gold that gives you something but offers you €18.50/gr
If you choose the first, you go home with €1430; if you choose the second with 1202€ + a “Gift”.
What do you choose? The answer seems pretty OBVIOUS to me.
Always remember, BEWARE of gold buyers who GIFT you something…
- Do you want a new coffee machine?
- Do you want a tablet?
- Do you want a cell phone?
- Do you want to take a vacation?
Sell your gold to whoever offers you more money and with the proceeds of the sale go buy what you want!