10 year olds find 2 x 1kg gold bars!!

[Goldhooked]

Some people have all the luck!

When they went to collect them "two fairly heavy objects" fell out, Philippe Rouillac, a local auctioneer, told BFMTV. "They didn't pay attention to them and put them back."

But the boys soon told their father about the discovery.

"He asked them to go and get them," Mr Rouillac said. "But he initially believed they were knife holders that belonged to the grandmother."

He contacted Mr Rouillac's company to double check and, after sending a few photographs, he was told the good news.

The objects were not knife holders, but two gold bars weighing 1kg (2.2lb) each.

Both bars are now listed on the auctioneer's website with an estimated value of 40,000 euros (£35,800; $43,800) a piece.

It turned out that the bars were purchased by the grandmother in 1967 and even come with a proof of purchase.

https://www.bbc.co.uk/news/world-europe-52754218

[Goldhooked]

Although it’s a bit strange that an adult wouldn’t know what a gold bar is (knife holder?!) especially seeing as there was a proof of purchase with them.  Maybe it’s fake news to get more interest for the auction.

[Abyss]

Something I don't understand fortunate find two of these 1KG bars purchased by your late grandmother in 1967 why is the first thought for the family to sell them? Why does it not even enter the thought process wow what an amazing grandmother who purchased these bars that have stood the test of time and protected our families purchasing power over the last 53 years. If We don't need the money right now lets save them until we do need the funds both as a way to respect our grandmother and keep her legacy in the family.

[KDave]

You are not wrong. In my experience from seeing what others do with inheritance, it is often spent as if it was free money - because in a way it was, they didn't have to sacrifice anything to get it someone else already did the sacrificing to save it. If someone wants inheritors to treat passed on money as anything else I think its on that person to educate them, but by the time you are leaving its probably too late to be educating family about wealth given the way the stuff works (compounding, development of good habits, etc). 

Who knows perhaps she had no idea really either, or maybe it was her intention to leave something she knew would be valuable for them to sell and spend. 

[Martlet]

26 minutes ago, Abyss said:

Something I don't understand fortunate find two of these 1KG bars purchased by your late grandmother in 1967 why is the first thought for the family to sell them? Why does it not even enter the thought process wow what an amazing grandmother who purchased these bars that have stood the test of time and protected our families purchasing power over the last 53 years. We don't need the money right now lets save them until we do need the funds both as a way to respect our grandmother and keep her legacy in the family.

 

Why do you suppose they dont need the money?  Even if you dont "need" 100k, it could mean being mortgage and debt free, change career, start a business, other positive uses for a windfall.  The purpose of saving, keeping assets for the future, is for them to be spent sometime, no point being asset rich, cash poor struggling day to day. 

[Prophecy]

They're auctioning them off at a random auction house. They obviously don't know what to do with gold .

[Xander]

I wonder why the Grandmother didn't tell them about the bars. 

[Prophecy]

14 minutes ago, Xander said:

I wonder why the Grandmother didn't tell them about the bars. 

Never tell anyone, remember?

[Pipers]

It makes sense to me,. The old woman dies and the rest of her offspring want to sell everything and get as much cash as possible because they are programmed to think cash is worth more than gold or antiques etc,. One just has to ask why then do the rich have Gold antiques etc.  

If it was me I would hold of maybe if I had to split with family I would go to a bullion dealer for the best price and with my cut buy gold Do a deal.  

[Midasfrog]

On 21/05/2020 at 22:18, Xander said:

I wonder why the Grandmother didn't tell them about the bars. 

She posted some pictures on the forum a few years back her user name was Mrs Dead 😄

[HerefordBullyun]

27 minutes ago, zhoutonged said:

Good find but who takes Gold bullion to an auction house?

https://www.kitco.com/news/2020-05-25/Coronavirus-lockdown-leads-to-surprise-discovery-Kids-find-100K-worth-of-gold-bars-in-French-town.html

A french mug?

[Prophecy]

On 26/05/2020 at 00:38, HerefordBullyun said:

A french mug?

It beggars belief that most people just can't take 5 minutes from their day to GOOGLE "The best way to sell gold coins"

 

People's Gold IQ is atrocious. And the powers that be like that.

[Goldhooked]

1 hour ago, Prophecy said:

It beggars belief that most people just can't take 5 minutes from their day to GOOGLE "The best way to sell gold coins"

 

People's Gold IQ is atrocious. And the powers that be like that.

People on this forum are a minority.  Most people just see Pound signs (or in this case Euro signs) and just think about the money and what it can buy.

I suspect its a little bit of fake news.  It says there was a proof of purchase found with the bars so how could he not know what they were.  Its either someone after their 5 minutes of social media fame or they are trying to stir up some interest to attempt to push the auction bidding up.

[Prophecy]

3 hours ago, Goldhooked said:

People on this forum are a minority.  Most people just see Pound signs (or in this case Euro signs) and just think about the money and what it can buy.

I suspect its a little bit of fake news.  It says there was a proof of purchase found with the bars so how could he not know what they were.  Its either someone after their 5 minutes of social media fame or they are trying to stir up some interest to attempt to push the auction bidding up.

If I stumbled upon a gold inheritance and I had no prior knowledge of gold, I still would have googled it. I like to know things... it's very empowering.

[Goldhooked]

28 minutes ago, Prophecy said:

If I stumbled upon a gold inheritance and I had no prior knowledge of gold, I still would have googled it. I like to know things... it's very empowering.

As I said, most of us here are in a minority.  Most ‘normies’ out there don’t think the same way as us  

[Blockhead]

I'd be inclined to sell one and keep one. 

Look out for a listing in the Buy, Sell, Trade section of this forum soon