6th of November.
Chen Jin's jewelry store had yet to officially open.
It was still in a busy state of preparation.
But the interior decoration work had been completed. The overall style was luxurious and magnificent. The crystal chandelier released warm light, raising the ambient temperature by two degrees.
People couldn't help but become excited.
Wealth.
Treasures!
This was the most intuitive feeling people had after entering the jewelry store.
Guo Yan had been working here for more than half a month.
At this moment, her heart had completely calmed down.
Without the worries and concerns she had at the beginning, she just wanted to work in this jewelry store wholeheartedly!
She was full of motivation and energy.
She realized that working in Chen Jin's jewelry store had a bright future.
First of all, the working environment was very good. The store was very large. After the first and second floors were renovated into business areas, the third floor was used as a warehouse. The remaining 50 square meters had a kitchen, dining room, and lounge. The facilities were more complete, unlike her previous job where she had to be exposed to the elements every day.
Secondly, the store manager was approachable and very kind. She took good care of her and was willing to impart some industry experience to her. The two aunties who had worked with the store manager for a few years were also very polite. They often gave her pointers and helped her. The relationship between superiors and colleagues was very harmonious.
Most importantly, the jewelry store had a bright future.
Although the jewelry store had yet to open, Guo Yan found that the store's location was very good. It happened to be in the busiest section of Jin Ling West Road. There was a guaranteed flow of customers. In addition, Chen Jin's funds were very strong. Auntie Chiu accidentally revealed that the total value of the goods in the store was close to six million dollars. They almost filled the warehouse on the third floor.
Recently, they were preparing for a big opening promotion. The discount was very strong! They had enough funds to invest in it.
If the jewelry store became a hit and developed smoothly, as an employee who joined the team earlier, the boss would not treat her badly.
As long as she performed actively, worked hard, and contributed to the company.
Naturally, Chiu Wan-Ting, the store manager, saw her performance. When she called Chen Jin, she said a lot of good things about her and was full of praise for her.
Chen Jin nodded. "After the jewelry store officially opens, let Guo Yan and the rest become regular employees. Increase their pay. If the store's first month's business is good, give the sales staff some commission.
Let's wait for a full month and calculate the store's profits before we consider increasing the staff's pay. It's not clear yet. Don't add extra costs. "
"Yes, Auntie Chiu, you're right."
Now, he had less than $3 million left on him. Before the jewelry store could generate profits, he could no longer be extravagant. He had to be frugal.
As for the goods, Chiu Wan-Ting said that they might not have prepared enough.
She said, "For a jewelry store as big as ours, the total value of the gold jewelry placed on the counter is at least 5 million yuan if calculated by 20 kilograms. However, we only prepared 15 kilograms. We bought more cheap silver jewelry and bought less than 500,000 yuan of platinum, diamonds and other jewelry. All the money has been spent. The counters on the first and second floors can barely be filled, but there is no stock in the warehouse, so we can't replenish it."
"If there are a lot of customers on the opening day and the sales exceed expectations, we might face the embarrassment of not being able to replenish the stock."
She suggested, "Boss, I suggest reducing the business area and only opening the first floor of the shop. Use the jewelry on the second floor as a warehouse for stock. The density of the counters on the first floor can also be increased. This should be able to cope with the booming business."
"No!"
However, Chen Jin shook his head and said, "If we're going to open a store, we have to do it big. We'll open the first and second floors at the same time. Add another five million worth of goods!"
"$5 million?"
Chiu Wan-Ting was shocked. She asked, "Boss, you still have so much money?"
"No, I have a batch of gold that my friend gave me. It's worth more than $5 million. Can I put it in the store and sell it directly?"
"Boss, what's the main form of the gold in your hands? Gold bars, gold bricks, or gold jewelry? "
"Gold bricks. Mainly gold bricks."
"Do you have a production certificate?" The production certificate was to state the origin of the gold and the manufacturer.
"Uh … I don't think so."
"Do you have a purchase certificate?" The purchase certificate was to state the source of the gold and the buyer.
"No." Chen Jin lowered his voice.
"What about an appraisal certificate? Do you have this? "The appraisal certificate was to state the specific composition of the gold and the amount of gold.
"Uh … I don't think so." Chen Jin's voice was as soft as a mosquito's. He suddenly realized that he was oversimplifying things.
"Oh, I understand."
Chiu Wan-Ting seemed to be very experienced. "The gold that your friend gave you should be one of the 'Three Nothingness Gold.'"
"Uh, you can put it that way. Can this kind of gold be sold in the store?" Chen Jin was still unwilling to give up. He had more than a ton of gold in his hands!
"Yes."
Chiu Wan-Ting unexpectedly gave an affirmative answer. "You can sell it in the store, as long as there is no problem with the gold. But because it's Three Nothingness Gold and there is no certificate, the customers will have doubts. If there is a problem with the gold, the customers can report it to the Consumers' Association, which will cause a big problem. Moreover, our store is so big that the Industry and Commerce Department will conduct a few random inspections every year. If they find out that we're selling Three Nothingness Gold or that the gold is adulterated, we will face a correction and a fine … Boss, I don't recommend selling Three Nothingness Gold."
Actually, there were many inferior gold shops in small towns and cities that mostly sold Three Nothingness Gold. Not to mention, some of them were seriously adulterated and fakes were rampant. But due to lax law enforcement, they survived very well.
But in an international metropolis like Shang Hai, the law enforcement was definitely strict. In theory, selling Three Nothingness Gold was not allowed … even if the gold was 100 yuan of pure gold.
"Then what should I do?"
Chen Jin suddenly withered like an eggplant that had been hit by frost. He had more than a ton of gold in his hands.
"Don't worry, boss. You can use the gold that your friend gave you to exchange for gold."
Chen Jin was confused. "Gold for gold?"
Chiu Wan-Ting began to explain, "It means that you can take the gold in your hands to a legitimate jewelry factory and exchange it for gold jewelry with a certificate …"
Indeed, in the consumer segment, selling Three Nothingness Gold was equivalent to letting the consumer bear the risk of buying fake goods. In order to protect the interests of the consumer, the government would definitely strengthen the supervision to prevent the proliferation of fake goods in the market.
But as the production segment of jewelry factories did not directly target the consumer, the supervision was more lax. As long as there were no problems with the products that left the factory, the government would not interfere too much with the specific production process.
For example, everyone knew that spicy strips were delicious, but did anyone pay attention to the production process?
How many customers would walk into the kitchen to observe the delicious dishes provided by the restaurant?
Similarly, jewelry factories supplied gold, silver, and other raw materials to jewelry shops. But jewelry factories also needed gold, silver, and other raw materials for production. Moreover, the sources of raw materials were complicated. There were legitimate mining groups, illegal gold panning factories, and gold recovered from the market.
Among them, the gold recovered from the market accounted for a considerable portion.
"Many gold shops and jewelry shops provide gold recovery services. Most of the gold collected from the people lost their certificates, and became Three Nothingness Gold. Gold shops and jewelry shops would sell the gold they collected to jewelry factories. This formed a cycle of sales, recovery, and reproduction.
So, even if the gold your friend gave you was Three Nothingness Gold, as long as it was real gold, you could take it to a jewelry factory and exchange it for money or gold jewelry. It was very easy to deal with.
Of course, the gold without a certificate would have a slightly lower recovery price, and the 'fire cost' of exchanging it for gold jewelry would be higher. But generally, the difference would be about 5. "
As an experienced practitioner, Chiu Wan-Ting had a lot of channels to exchange gold for gold.
Chen Jin's eyes lit up.
Found it!
He had found a way to deal with gold!
He could take the gold in his hands and go to the jewelry factory to exchange it for gold. He could turn the gold of unknown origin into gold jewelry that was certified and sold at a higher price.
In this way, there would be no problem with his jewelry shop. He could open it with great fanfare and welcome a large number of consumers to buy it.
He could even set a discount on the price of gold, silver, and jewelry. He could have a strong competitive advantage in terms of price. Chen Jin could still make a lot of money.
"Let's go! Auntie Chiu, take me to a jewelry factory that you're familiar with. Find a few trustworthy people. I want to exchange gold for gold! "
So, for the next three days.
With Chiu Wan-Ting's guidance, they drove to more than 10 jewelry factories. Chen Jin took out 100 kilograms of gold and exchanged it for 90 kilograms of gold jewelry.
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