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Nowadays, shoppers can carry their old jewelry to supermarkets in England and exchange it for a loaf of bread or any other item. There is a new trend where people that own some used and forgotten gold jewelry or watches trade them for cash. Why not, since gold prices have reached its top level of 1400 US dollars an ounce against $600 five years ago.
Perhaps it is a new initiative from one supermarket in England to get its customers to use their unused gold or to trade with it. The supermarket has given their customers an opportunity to be open, transparent and not to be afraid of selling their oldies - at very attractive prices - in addition to still buying their foods or any other items from their supermarket. This British supermarket that recently has been trading gold in more than 15 outlets has spread all over England.
It’s a great idea benefiting both, its ordinary customers who visit them regularly, if not once a week, and the shop itself. The shop has already gained the trust of its customers that will not hesitate, and with full confidence trade their gold for something else. It’s a better alternative than going to some other unfamiliar shop and not be sure if they will offer competitive prices for their valuable items.
Tesco supermarket will benefit by adding another line of service to its customers and profiting in the meantime from this additional line of business. It’s a win-win case for both.
It is the best time to offer such valuable service at times that people are really at loss as what to do with their golden trinkets. Housewives will no longer need to sneak to shady places or be shy to take little items; afraid they will be turned away or laughed at.
The time is over. Now they can go with full confidence to their favorite supermarket and sell their trinkets per gram and get their cash and do whatever they want to do with their cash. Now the whole selling of gold has become so simple and easy. People are no longer shy or afraid of selling their gold. Everyone now knows how to sell old gold jewelry or any other items nevertheless how small it is.
It’s another eye opening experience that benefits the shoppers. We owe it to higher gold prices. Now shoppers may question if today is the right time to sell or shall we wait for another day or month. Can any ever satisfy their loyal customers?
Isn’t it time to see some gold being traded in shops in some of our malls in Kuwait? It will certainly benefit the local gold traders in increasing their sales. It will benefit us by learning new skills of dealing in gold.