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Like counterfeit silver

CONFIDANT October 20, 2024 14:30

Having the habit of saving gold is good, but you need to find a reputable, licensed place to buy and sell gold.

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Buying and selling gold on the "black market" can be risky.

Just coming back from outside, Mr. Toan called Mrs. Loan in to talk:

- I just came back from selling gold to lend Tung and his wife to buy a house. I have all this, I will hand it over to you so that when I come over tonight you can give it to me.

While counting money, Mrs. Loan asked:

- I calculated that it should be better, why is the selling price so low? I thought that since the price of gold bars is increasing, there should be some profit, right?

- I thought so too, but it didn't work. And I still have to go to several places to sell it. It's like "trading in counterfeit money".

- What's wrong?

- My family bought 2 gold bars a few years ago and kept them in the safe. I carefully brought them to the right store that is licensed to buy and sell gold bars to sell. The employee asked me if I had the store's certificate, I replied that I had bought them a few years ago so I no longer had the certificate. They quoted a price lower than the listed price, then complained that my gold bars were not properly preserved to prevent moisture, so they deducted a few hundred thousand. I calculated that I had lost a few million so I changed my mind and did not sell them.

- Then why can you still sell it?

- I took the risk and brought it to a familiar store. They quoted me a higher price than the listed price, didn't complain, and didn't ask for a certificate. They gave me enough money and then took me out the back door to leave.

- Selling real gold is like "trading fake silver"?

- That's strange to me.

- I heard that buying gold bars at licensed places is not easy, sir.

- It's hard to buy official sugar, so the "black market" sugar is growing. The price is listed by the government, but the "black market" is always higher. Selling gold at a licensed store is difficult. While the "black market" price is high and there are no requirements, why not sell?

- So you are supporting the "black market" gold market.

At this moment, Mr. Toan's son Tung came over and heard the situation. He said:

- Mom is right, Dad. Unfortunately, the authorities checked and found out, which is very troublesome. Dad, just go to a licensed place to buy and sell.

- I didn't know where to sell it so I took a risk. I'll try harder next time - Mr. Toan said with a smile.

- It's good for parents to have the habit of saving gold, but they need to find a reputable place that is licensed to buy and sell gold. Buying and selling gold on the "black market" is risky and illegal, so we shouldn't participate, Dad.

- Yes, this is the last time...

CONFIDANT
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Like counterfeit silver