“We are at 52,377 euros per kilo, well beyond the 2012 record.“Every morning, Alain Pajor consults the precious metal prices on his computer. Since May, that of gold has been flying away. “It’s investors from the big powers – China, Russia, Germany – who are buying a lot of gold right now, and it’s pushing rates up.“, explains the Nancy merchant.
Result: many customers flock to his shop every day. “At a quarter to ten there were already people in front while I did not open until 10 a.m.“, he notes, a smile on his face. And it’s been like that since the deconfinement.”People had 2 months to clear their drawers, we have to be honest that helped us a lot “, analyzes the merchant on rue Stanislas. Worn jewelry, mismatched earrings, parts: “We still buy gold, but at the moment a little more “, he smiles.
I’m Santa Claus
An example ? “A Napoleon, a 20-franc coin, which was worth for example 250 euros a few months ago, is still worth 320 euros today“. What make an interesting added value.”Now is the time to sell “, hammers the specialist. But there is no question for him of paying his customers in cash: since 2011, transactions have been concluded with a check or by bank transfer. “I’m Santa Claus” he concludes, hilariously. “I write the checks and people are always amazed at the amount.“Alain Pajor then resells this gold to foundries who transform it into ingots before putting it back on the market.
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