In the recent past, the price of gold has experienced a violent shock after a record high, which has also driven the domestic market for precious metals and even jewellery to follow a violent shock, with many opting for “finishing”. In addition to the increase in the number of gold buyers, long queues of up to two hours were held for those preparing to cash gold in front of counters in some gold shops. Some have opted for “old for new” services to replace old-style gold products with the latest。
What are the concerns in gold recovery, “old for new”, and how are we to avoid setting a course to protect our interests? I understand。
There are plenty of gold recovery channels
Watch out for these routines
Many of those who had previously purchased gold at lower prices wanted to cash the gold in their hands, taking advantage of the recent surge in gold prices。
At present, gold buy-back channels are diverse and include banks, brand gold stores, professional recyclers, back-to-back trading platforms, pawnshops and micro-businesses. The recovery price is based mainly on the current large volume of gold, i. E., the base price of the gold delivered in cash, with a deduction for a certain cost. Different agencies may make different requests, and there are significant differences in cost headings and amounts。
In general, the complaints of off-line recycling and “old-for-new” have focused mainly on disputes arising from the high fees, costs, non-transparent rates of fees and excess scales of smelting。
"high-priced searcher"
Businesses start at a higher than market price and attract customers to the store. In practice, “high-price recovery” is simply a tipping point, and the latter would press the price on the grounds of lack of purity and depreciation。
“invisible deductions”
In terms of pricing, merchants blur the units of “gram” and “ounces”, concealing the costs of purity, services and some hidden withholdings, leading to a severe reduction in the final total price。
"black box"
The electronic scales and operating tables, which a small number of businesses have described as being reused, are located in another room and cannot be identified in person by consumers。
The gold is turned into gold at a price
Many gold chains now have “sipple” jewellery, which is usually higher. If consumers change their gold jewelry for the “sipple price” gold of the merchant, it may be much less heavy。
Disruptive melting gold
The vast majority of businesses require the recovery or “old-for-new” of gold products to be coloured with destructive smelting on the spot, while the success of the product is determined unilaterally by the door shop. Some bad traders use the plating on gold or turn a fully incendiary hard fire into an insufficiently incendiary soft fire, which makes the gold black in the fire, thus setting prices down. Once the gold products have been melted, the consumer does not accept the colour determination or recovery price given by the merchant, nor can the gold products be restored to the status quo ante, and if the transaction is not concluded, the consequences of the damage are borne by the consumer itself。
In the case of online recovery complaints, most of them are sent to consumers for inspection, and businesses do not pay at specified times or even refuse to do so。
Remember those
If there's a dispute, be active in defending rights
In gold recovery, “old for new”, the following should be noted:
Know the common sense of gold shopping and avoid falling into the business trap. It would be useful for consumers to learn some basic relevant knowledge, such as gold, and to learn to look at jewellery stamps and labels. At the same time, care should be taken to distinguish “gold” from “single” gold. For consumers with a demand for investment in or preservation of gold in kind, it is not recommended to buy “one-size-fits-all” gold jewellery products。
(c) select formal consumption channels and verify the qualifications of enterprises. Priority is given to the consumption of physical stores or officially authorized online platforms, careful treatment of mobile vendors without fixed premises and informal social platform transactions. Do not trade through strange links or unverified little programs。
Question the “old for new” rule, and the goods are chosen more than three. Consumers should not rely on propaganda such as “gold for free” and “show for new money” by traders, and should have detailed information on the rules governing the purchase of jewellery stores. At the same time, it should be clear whether the purchase was made in full or at a “single price” of gold, whether there were restrictions on repurchases and whether surplus gold could be converted to cash, among other things, from which a relatively cost-effective buyout was chosen。
Pay attention to transaction details and confirm the purchase of goods. Consumers should weigh old gold ornaments in advance so that they can count. Before repurchase, consumers should reconfirm specific repurchase rules with the business; when selecting gold accessories for purchase, consumers should carefully ask the business for details of gold accessories and check their stamps and labels. Businesses may also be required to recapitulate the jewellery on the spot to check the excruciating differences between old and new jewellery and, if the weight difference is greater, be cautious about what might be a “sipple price” for gold or other aspects。
The request indicates the information, and there is a dispute for positive advocacy. After a change of purchase, the consumer should ask the merchant for an invoice or a certificate of transaction, carefully check whether the name, material, purity, weight, unit price, processing fee, total amount of the gold item being purchased is included in the invoice or certificate of transaction, check carefully whether the invoice or document of transaction is consistent with the actual goods and the commercial undertaking, and retain the labeling of the gold item, certification, etc. After-sale matters, such as “free replacement for life” promised orally but not on the invoice or transaction certificate, must be required to be written and stamped on the invoice or transaction document in order to be documented in case of consumer disputes。
Gold price shock
"golden mining" needs caution
In addition to gold recovery and “old for new” heat increases, recent fluctuations in gold prices have attracted a large number of people to start buying in-kind gold. Experts indicated, however, that it was not recommended that ordinary investors purchase real gold for investment purposes. The geopolitical risks, the dollar's credit risk, and the united states debt sustainability risk, among other important factors, are difficult for ordinary investors to see and manage. Investing in gold, not to be rich, to be able to sleep with free money。
China consumers' journal, tokyo law network, etc
