Contact us
CALL US NOW 1-888-GOLD-160
(1-888-465-3160)

Fun on Friday: At Least the Lockdowns Were Good for Somebody

  by    0   3

For most of us, these government-enforced coronavirus economic shutdowns have been pretty miserable. I don’t think too many of us feel like we’re overall better off today than we were a couple of months ago – unless maybe you’re in the toilet paper business. Even if they haven’t impacted our pocketbooks, the lockdowns have taken a toll on our psyches. I didn’t like being told to stay inside when I was 10. I don’t like it any better today.

But speaking of 10-year-olds, a couple of young boys in France parlayed the lockdown into big bucks.

According to a CNBC report, the two boys stumbled upon about $100,000 worth of gold while they were building a fort.

The duo was staying with relatives in the French countryside, undoubtedly bored out of their skulls. So, they decided to build a fort. The boys, doing what boys do,  started rummaging around the house on a quest for fort construction materials. Among the typical fort-building supplies such as blankets, tables and chairs, the boys found two gold bars wrapped in sheets. The bars weighed about 1 kilo each.

According to CNBC, the boy’s father initially thought the kids had found his mother’s antique knife holders. That was the moment the freakout started and their mom went tearing through the house trying to find the knives, screaming about “stabbing your eye out.” The story didn’t say that, but you know it happened.

Anyway Dad is going to auction off the gold. According to the report, the bars are worth just over 100,000 euros ($108,979) combined, and will likely fetch at least 80,000 euros at auction.

Philippe Rouillac, an auctioneer at the organization, told BFM the bars had been bought by the children’s grandmother in 1967 but had been lost since then. ‘We are going to wait for gold prices to rise a little more,’ he said. He added that at the start of 2020, each bar would be worth around 43,000 euros, but by June, their value could rise to 54,000 euros.”

Nice little windfall for the family.

See? Economic lockdowns aren’t all bad – if you have gold lying around the house. (There’s a deeper lesson here. I’ll let you parse it out.)

But you know who got hosed?

The kids.

You know they won’t see a penny of that money. I’m pretty sure “finders keepers” won’t fly with dad. It’s a good lesson for the boys though. They need to get used to people taking their money. They live in France, after all.

And will all the concern about stabbing out eyes and the excitement of finding bars of gold, I bet the kids didn’t even get to finish their fort. I can even imagine a scenario where they got yelled at for digging around in grandma’s stuff. They would have been a lot happier if they had found grandpa’s stash of old Playboys or some toy soldiers. Or maybe those knives.

But alas, all they got were some gold bars that they didn’t even get to play with.

It’s tough being 10.

Fun on Friday is a weekly SchiffGold feature. We dig up some of the off-the-wall and off-beat stories relating to precious metals and share them with you – with tongue firmly planted in cheek. Click here to read other posts in this series.

scam-2-sm

Get Peter Schiff’s key gold headlines in your inbox every week – click here – for a free subscription to his exclusive weekly email updates.
Interested in learning how to buy gold and buy silver?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!

Related Posts

Fun on Friday: Back to the Beginning

Confession time — I couldn’t find a darn thing “fun” relating to gold this week. Honestly, it wasn’t exactly a fun week to begin with unless you’re into political theater. In case you haven’t figured it out yet, I’m not.  We certainly had all the political theater we could ever want with the inauguration and […]

READ MORE →

Fun on Friday: What a Find!

I would make the world’s worst archeologist. I’m just not good at finding things. I’m the guy who stares into the cabinet right at the salt shaker and then asks his wife, “Where’s the salt.” So, yeah, a job that involved searching for stuff that has been hidden for hundreds or even thousands of years […]

READ MORE →

Fun on Friday: Try Harder

The last time I wrote about gold smuggling, I was impressed by the pain a man was willing to endure in order to hide gold from authorities. He literally stuck gold bars up his rear — two pounds of gold. Ouch. But today I have a different kind of smuggling story. It is impressive not […]

READ MORE →

Fun on Friday: Have You Made Your Pet’s New Year Resolution?

It’s time to bid a fond farewell to 2020. Good riddance and don’t let the door hit you in the butt on the way out! Of course, the New Year also means it’s time for — resolutions. Confession: I’ve never been good at resolutions. In fact, I refuse to make them. Why set yourself up […]

READ MORE →

Fun on Friday: How Many Years Would You Spend in Prison for Millions in Gold?

Have you heard about the guy who’s spent five years in federal prison because he won’t give up the location of about 500 gold coins he found in a historic shipwreck? Yes. Five years. How many years would you spend in prison for millions in gold?

READ MORE →

About The Author

Michael Maharrey is the managing editor of the SchiffGold blog, and the host of the Friday Gold Wrap Podcast and It's Your Dime interview series.
View all posts by

Comments are closed.

Call Now