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Investors Remain Bullish on Gold Despite Price Drop

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

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It’s true the price of gold took a sharp decline on Wednesday; however, many professional traders remain bullish on the precious metal.  Trader Anthony Grisanti pointed out that the price only fell after a single customer sold 15,000 contracts of gold the moment the market opened.  Despite the selloff, gold has remained high with a [...]

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Gold Prices Falling

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

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Gold prices were down 1.5%, their lowest in more than a week, after a barrage of sell orders occurred in the first minute after the New York trading floor opened.  Dave Meger, director of metals trading at Vision Financial Markets, said pre-programmed orders known as “sell stops” quickly accelerated the decline in prices.  These orders [...]

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Stretching Your Holiday Budget at a Pawn Shop

By   /  November 29, 2012  /  Pawn News  /  No Comments

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Pawn shops and other re-sell stores are seeing increased business during the holiday season.  Pawnbroker John Myers says, “Things start to pick up around the end of October.  People are thinking Christmas, starting to put things on layaway, and start to buy stuff for their kids.”  Re-sell stores offer much more than discounted prices on [...]

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Posh Pawnbrokers Thrive in the U.K.

By   /  November 28, 2012  /  High End Pawn, International Pawnbrokers  /  No Comments

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When Mark Landsberg, a computer entrepreneur, realized he was going to need extra cash for next month’s holiday festivities he took his Porsche 911 Turbo to a pawnbroker.  This new breed of posh pawnbrokers caters to the rich who use their assets to get quick cash.  Landsberg is like many business owners who get paid [...]

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It’s the Busy Season for Pawn Shops

By   /  November 27, 2012  /  Pawn News  /  No Comments

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The modern pawn shop can be a place to get an emergency loan, to buy a new chain saw, to sell treasures from the attic or to get an engagement ring.  Not all are alike.  One pawn shop may specialize in jewelry, watches and coins, while another may be stocked with tools and machines.  Others [...]

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The Key to Success is Customer Service

By   /  November 23, 2012  /  Pawn Shops  /  No Comments

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The key to success when running a quality pawn shop is customer service.  David Gollmyer, General Manager of Pawn Shop Management knows this first hand.  Gollmyer focuses on staffing his shops with the right people in order to create a more friendly and inviting environment where customers feel comfortable.  He screens his people well in [...]

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National Pawnbrokers Association to Hold Fourth Annual Musical Instrument Gift Day

By   /  November 21, 2012  /  Pawn News  /  No Comments

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The National Pawnbrokers Association will sponsor its fourth annual Musical Instrument Gift Day on December 6, 2012.  Pawnbrokers from around the country will donate musical instruments to organizations in need.  This year the NPA will be joining forces with The Mr. Holland’s Opus Foundation, a non-profit that helps under-funded music programs and accommodates students on [...]

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Pawn Shops Keep Consumers out of Debt During the Holidays

By   /  November 21, 2012  /  Pawn Shops  /  No Comments

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Consumer experts predict an extra 25% of families will need help with their debt this January, thanks to overextending themselves with their holiday shopping.  Consumer Credit Educator Ed Williams says, “There is such a strong emphasis on exchanging of gifts and gift buying.  All of us have stories we can tell like our children receiving [...]

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Why Demand for Gold is Never Falling

By   /  November 21, 2012  /  Gold Price  /  No Comments

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Economics 101 tells us that prices either rise from an increase in demand or a fall in supply.  There has been some speculation that the recent drop in gold prices is due to sagging demand. The gold supply has not fallen, which can only mean that demand is up.  If you take a look at [...]

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Fiscal Cliff Good for Gold Prices

By   /  November 21, 2012  /  Gold Price  /  No Comments

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While the fiscal cliff was at the forefront of concerns last week, it could be a good thing for gold prices.  “The US fiscal cliff has short-term implications for commodities.  Considering the concern is with the US and it would be bearish for the dollar, gold should outperform as both a currency and a safe [...]

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