Chinese cash in jewellery at automated gold recyclers as prices soar
Dozens use an automated machine to melt inherited gold jewelry for cash amid record prices near US$5,600 per ounce, with payouts often exceeding initial purchase values.
8 Articles
8 Articles
In a shopping center in Shanghai, China, a lot was formed around a car buying gold: as the price of the precious metal grew in vertinanos, the Chinese are quick to close the profitable transactions by separating themselves from the family budgets.
Chinese cash in jewellery at automated gold recyclers as prices soar
Dozens of people crowded around an automated gold recycling machine at a Shanghai mall, hoping to melt down family heirlooms for cash as prices of the precious metal hit record highs.
In a shopping mall in Shanghai, a crowd has formed around a gold-buying machine: as the price of the precious metal soars, Chinese people are rushing to make profitable deals by parting with family jewels.
In a Shanghai mall, people flock to a car that buys gold. With the price of the metal in rapid growth, the Chinese sell family jewelry for profit.
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