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BILD makes gold test in Stuttgart: These gold dealers rip you off!

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2 months ago

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Stuttgart – Gold prices are still at historic highs. It’s worth selling tooth gold or grandma’s old gold jewelery now. Actually. Because not all gold buyers pay fair prices. BILD did the big gold test in Stuttgart!

Reporter Nelly Kühn (29) offered four gold dealers in the city a bracelet made of 8 carat gold (3.8 grams of fine gold) and a 14-carat ring (2.7 grams of fine gold).

Test objects: BILD offered this gold necklace and this ring to four gold dealers for purchase

Photo: Michael Hahn

According to experts, the gold of the bracelet is worth 200.41 euros, that of the ring 142.40 euros.

The reputable Degussa Goldhandel calculated the market prices on the marketplace for BILD. But do we really get that from the gold buyers that are on every street corner?

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The expert had advised: “Go to a reputable, well-known dealer who has the most modern testing equipment on site and bills transparently.” We tried it anyway…

Degussa Goldhandel uses these devices to determine the value of gold jewelry. From left: Magnetic balance, high-performance microscope, X-ray fluorescence analysis and precision balance

Degussa Goldhandel uses these devices to determine the value of gold jewelry. From left: Magnetic balance, high-performance microscope, X-ray fluorescence analysis and precision balance

Photo: Knut Anstötz

Show me your gold and I’ll tell you how I’ll rip you off! This was the result of the BILD test among buyers…

► Jeweler at the corner (Feuerbach): 230 euros for both. That’s 33 percent too little! Rip off!

Jeweler at the corner (Feuerbach)

At Juwelier am Eck (Feuerbach) the least was offered – namely 112 euros too little

Photo: Michael Hahn

►Dream jeweler (Zuffenhausen): 112 euros for the ring, bracelet 150 euros. 24 percent too little! This dealer also pays unfair prices.

Dream jeweler Zuffenhausen

The dealer from Traum Juwelier in Zuffenhausen with one of the test objects in hand. He offered 80 euros too little

Photo: Michael Hahn

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► GoldStar jeweler (Bad Cannstatt): 100 euros for the ring, 155 euros for the band. 26 percent too little! This dealer pays more than a quarter too little.

GoldStar jeweler (Bad Cannstatt)

BILD test at GoldStar Juwelier (Bad Cannstatt). Result: the offer was 87 euros below the market price

Photo: Michael Hahn

► Wedding ring smithy (Stuttgart): the big surprise! 151 euros for the ring and 209 euros for the bracelet. That’s 5 percent above the market price!

BILD reporter Nelly Kühn in front of the shop in the city. Here you have to ring the bell before the doors are unlocked

BILD reporter Nelly Kühn in front of the shop in the city. Here you have to ring the bell before the doors are unlocked

Photo: Michael Hahn

This trader took her time, checked the gold pieces in the acid bath before weighing them. The other stores tested only had a precision scale.

The dealer took her time. The jewelry was tested for authenticity with test acid

In the wedding ring smithy in the city, the dealer took her time. She tested the gold for authenticity with test acid before weighing it. Your bid was 18 euros above the market price

Photo: Michael Hahn

Source: Asia Times

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