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High Gold Prices Lead to Increase in Recycling Old Jewelry

By   /  August 31, 2012  /  Gold Price  /  No Comments

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Sanjay Sharma used a gold chain he purchased almost twenty years ago as an exchange for a new ring for his wife.  “Gold is an investment option.  But I did not want to withdraw too much cash from my account as my expenses are already high and jewelry prices too have escalated,” he said.  Sharma [...]

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Gold Investors Anticipate a Critical Month in September

By   /  August 31, 2012  /  Gold Price  /  No Comments

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After a 3.3% surge last week the US Comex gold futures fell 0.2% this week.  Gold’s tone was more cautious leading up to Ben Bernanke’s August 31st speech at the annual gathering of central bankers and finance ministers at Jackson Hole.  Global economic data was weak at best despite the U.S. rise in housing prices.  [...]

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Three Rules of Investing in Precious Metals

By   /  August 30, 2012  /  Gold Price  /  No Comments

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There are three solid rules to follow when buying gold and silver.  The first thing investors should understand is that volatility does not equal risk. Most volatility is manufactured by the banking cartel with little regard for physical supply and demand.  Due to the large role played by banker cartel manipulation, any moves in gold [...]

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Consumer Credit Bill in Australia Good News to Pawnbroker Cash Converters

By   /  August 30, 2012  /  International Pawnbrokers  /  No Comments

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Recent legislation by the Australian federal government has put a cap on payday loans.  Pawn broker Cash Converters, who posted a record profit, expects the Consumer Credit Bill to give the company a competitive advantage over other lenders.  The Bill limits the fee for loans under $2,000 to 20 percent of the loan amount and [...]

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Italian Pawn Shops Thrive in the Recession

By   /  August 30, 2012  /  International Pawnbrokers  /  No Comments

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The recession in Italy has been good for business for pawn brokers and gold buyers.  “Compro Oro,” or “I Buy Gold” businesses are on the rise.  Oro Change opened its first branch five years ago, and now has seven outlets in Rome.  Employee Alexia Messi says, “Business is very good, you can really feel the [...]

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How to Get Top Dollar at a Pawn Shop

By   /  August 29, 2012  /  Pawn Shops  /  No Comments

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A Willie Mays uniform from 1961 recently sold on Pawn Stars for $31,000.  Americans around the country are selling Rolex watches, gold jewelry and rare antiques and getting lots of cash.  Here’s how you can get top dollar for your valuables as well.  History is important as proven by the Willie Mays’ jersey, but you [...]

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Gold Set to Rise

By   /  August 29, 2012  /  Gold Price  /  No Comments

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Governments across the globe have given signs of additional economic stimulus, and if that does happen gold could climb more than it has in two years. Gold is set for a 12th year of gains as safe haven demand has been boosted by speculation of further easing by central banks. Investment holdings have hit a [...]

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U.S. Fed’s September Meeting Will Likely Affect Gold Prices

By   /  August 25, 2012  /  Gold Price  /  No Comments

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Gold prices tend to strengthen in the autumn season, and it’s possible they could rise toward levels seen earlier this year, but unlikely to rise any higher than that.  With continuing economic troubles in Europe and Central banks of all major economies stating they will do whatever they can to keep conditions from deteriorating further, [...]

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The Impact of ‘Audit the Fed’ on the Price of Gold

By   /  August 25, 2012  /  Gold Price  /  No Comments

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In July, the House of Representatives passed Ron Paul’s Audit the Fed resolution, which calls for a full audit of the Federal Reserve System, including lending facilities and money operations.  The big questions is, will this bill ever reach the Senate, and if it does, and passes, how will it affect the price of gold.  [...]

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National Pawn Donates Musical Instruments

By   /  August 25, 2012  /  Pawn Shops  /  No Comments

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National Pawn owner Bob Moulton donated more than 100 instruments to theD.C.Virgo Academic Academy as well as a $2,000 check to the school district for repair and maintenance costs.  “I am a proud former ‘Band Geek’ who knows first hand what it is like to want to learn how to play, but not have an [...]

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