Siam Spencer, edited by Solène Leroux 11:17 a.m., March 21, 2022

The Russian invasion of Ukraine caused the price of gold to explode.

This morning, count 1,900 dollars for 31 grams, one ounce of gold.

Up to 2,000 dollars, even at the beginning of March, its highest level for eight months.

In France, Godot & Fils, a company specializing in metal trading, is seeing the same enthusiasm in its 45 stores.

REPORT

If the war in Ukraine caused the price of black gold to explode, yellow gold is far from being outdone.

A historic increase which results directly from an increase in gold purchases, partly linked to a situation of panic, the conflict causing both instability on the continent and the collapse of European stock markets.

This morning, count 1,900 dollars for 31 grams, one ounce of gold.

Up to 2,000 dollars, even at the beginning of March, its highest level for eight months.

Gold is a safe haven that does not collapse.

In France, Godot & Fils, a company specializing in metal trading, is seeing the same enthusiasm in its 45 stores.

>> Find Europe Matin in replay and podcast here

In the safe of this Parisian shop, a gold bar of one kilo, eight centimeters long, four wide... It is worth 60,000 euros today, four times more than 20 years ago .

After passing through the two secure doors, this discreet customer comes to buy the precious metal.

“There are extremely high prices,” he says at the microphone of Europe 1. “There is nothing better to do at the moment in terms of investment, because it is secure and, unfortunately, , the value of gold is a reflection of the misfortune of others", he explains.

The 18 carat at the price of the usual 24 carat

As with every geopolitical or economic crisis, Alexis Monceau, the manager of the premises, is overwhelmed by phone calls.

Investment requests have increased by 50% in a month and a half.

Others also take advantage of the rise in prices to sell their gold.

For two weeks, "resale has exploded" assures the manager "because customers have never seen the kilo of gold so high": "These are customers who invested a few years ago and who take advantage of the rising now."

And to add that his shop is currently buying "18 carats, almost at the price of 24 carat gold ingots" from two to three years ago.

In the basement, rental safes are also taken by storm by individuals anxious to secure their new treasures.