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China’s Role in Falling Gold Prices

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

china's economy

  Investors love gold for its supposed safe haven qualities.  When the economy falls apart, gold is supposed to remain strong.  Yet, in a year when Europe’s troubles have destroyed the global economy, gold is struggling.  The price per ounce is down 7 percent for the year and total demand has fallen 7 percent as [...]

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The Presidential Election May Cause Gold Prices to Fall

By   /  August 24, 2012  /  Gold Price  /  No Comments

gold price surge after election

This election year may be a good time to invest in gold.  Precious metals prices tend to weaken in the year leading up to an election as the incumbent attempts to keep the public focused only on positive economic news.  Furthermore, the Whitehouse makes an effort to keep gas prices low and inflation in check [...]

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New California Law Creates Online Database for Pawnbrokers

By   /  August 24, 2012  /  Pawn News  /  No Comments

497343_california_flag

California Governor Jerry Brown signed into law AB 391, a bill that will create an online reporting system for pawnbrokers and secondhand dealers.  The system will create a statewide partnership between dealers and law enforcement and make tracking of items sold or used as collateral much easier.  The Digital Database will be funded through pawnbroker [...]

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Pawnshops’ Long History

By   /  August 24, 2012  /  Pawn Shops  /  No Comments

pawnshops' history

Emerging in China more than 3,000 years ago, pawnshops are found all over the world and have a long history.  They were found in ancient Greece and Rome, and from Italy spread across Europe in the 1,600’s.  Kings have pawned jewels to raise money for war and priests have opened pawn shops in the name [...]

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Macau Pawnshops Thrive on Success of the Casinos

By   /  August 24, 2012  /  International Pawnbrokers  /  No Comments

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The pawn business can be dated back to the 5th century in China.  Prior to the industrial revolution pawnshops were a primitive form of personal finance in grassroots communities where even essentials such as quilts and coats were accepted.  Today these historic shops are disappearing, some even being turned into boutique restaurants for tourists.  The [...]

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Global Demand for Gold Falls but the Metal Remains a Strong Investment

By   /  August 24, 2012  /  Gold Price  /  No Comments

Global demand for gold in the three months to the end of June compared to last year fell 7pc from 1,066 tonnes to 990 tonnes.  The lag in demand was due to very high sales last year in addition to current state of the economy.  The value of sales this year, however, matched the value [...]

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Why Rick Harrison Will Always Buy Gold and Silver

By   /  August 9, 2012  /  Pawn TV  /  No Comments

Rick Harrison Buys Gold and Silver

When Rick Harrison of Pawn Stars appeared on CNBC he had some interesting insights into precious metals. In regards to what kind of margin he tries to receive he says, “It depends on what the items are. If you bring me a piece of art that might sit on the wall for two or three [...]

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Why the Gold Market will be Volatile this Autumn

By   /  August 9, 2012  /  Gold Price  /  No Comments

VolatileGoldMarket

Precious metals tend to peak in autumn. Last September gold hit an all-time high of $1,923. We may see a similar trend this fall, but with possibly even greater volatility. There are two major reasons for this: the Eurozone debt crisis and money printing. The Eurozone sovereign debt crisis has been long and tedious, and [...]

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Save on Back School Supplies at a Pawn Shop

By   /  August 9, 2012  /  Pawn Shops  /  No Comments

BackToSchoolSupplies

August is back to school season and many people are looking beyond the traditional retail outlets to save money on expensive school supplies. Creative shoppers are exploring a variety of money saving options. Sites like eBay have changed people’s attitudes towards resale, reality television has changed the image of the pawnshop, and there has been [...]

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Struggling Economy has People Turning to Alternative Ways to get Cash

By   /  August 6, 2012  /  Pawn News  /  No Comments

StrugglingEconomy

People in Ohio hurting for cash are turning to 401(k) loans, payday lenders and pawn shops for a convenient way to cover ordinary or emergency expenses. The economic crisis has meant job losses and ruined credit scores making traditional loans harder to acquire. Borrowing against your 401(k) comes at the risk of losing part of [...]

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