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Indiana Bill Will Regulate Cash for Gold Shops

By   /  February 26, 2013  /  Pawn News  /  No Comments

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In Indiana, House Bill 1188 sponsored by Rep. Tom Dermondy, R-LaPorte, will require precious metals dealers who sell or purchase second hand items containing gold, silver or platinum to follow a new, stricter set of rules.  On its way to the Senate, the legislation was designed to discourage the sale of stolen items.  Cash for [...]

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Sports Memorabilia Expert says Provenance is Everything

By   /  February 25, 2013  /  Collectibles  /  No Comments

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Even Rick Harrison of “Pawn Stars” needs a second opinion sometimes, and when it comes to sports memorabilia, he looks to expert Jeremy Brown, owner of Ultimate Sports Cards in Las Vegas. Brown is one of many local business owners trusted by Harrison as experts of a certain genre.  He has often given Harrison his [...]

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Gold Price Declines Likely to Continue

By   /  February 24, 2013  /  Gold Price  /  No Comments

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Gold has been declining and there may be more losses to come.  On Wednesday, the precious metal’s 50-day moving average fell below its 200-day moving average.  This is known to technical analysts as a “death cross” because historically it has meant an acceleration of price declines.  It also marks a new technical ceiling for the [...]

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South Australian Legislation would Implement Online Reporting System for Pawnbrokers

By   /  February 24, 2013  /  International Pawnbrokers  /  No Comments

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The South Australian Government has proposed legislation for pawnbrokers to share information with police and make it more difficult for criminals to sell stolen goods.  Pawnbrokers would be required to upload sales information to an online database for items most often targeted by thieves, including jewelry, electronics, computer hardware, tools and musical instruments.  The bill [...]

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Arkansas Pawnbrokers the Subject of New Legislation

By   /  February 22, 2013  /  Pawn News  /  No Comments

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New legislation at the Arkansas State Capitol is taking a look at pawnbrokers.  If Bill 1369 passes, it will require pawn businesses to electronically upload their customer records.  It’s a practice already in use by many Arkansas pawn shops, but many rural pawn shops are behind the trend.  With pawnbrokers being required to submit records [...]

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Gold hits a Six Month Low

By   /  February 22, 2013  /  Gold Price  /  No Comments

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For the first time in six months the spot price of gold fell below $1,600 an ounce, and silver also hit a six month low dropping to $29.19 an ounce.  The drop coincided with a strong dollar and broadly flat stock markets.  Globally, major government bond prices and the pound fell in England, dealers in [...]

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Pawn Shops become more Popular in Beijing

By   /  February 21, 2013  /  International Pawnbrokers  /  No Comments

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Beijingers are turning to pawn shops for more than just fast money in emergencies; customers can pawn excess items and shop for cheap goods.  Pawn shops are especially popular after Spring Festival when there’s an excess of electronics; in fact, pawning has become the new regifting for unwanted electronics.  “Usually there are lots of people [...]

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San Diego Luxury Pawnbroker Proud to be Part of the Pawn Community

By   /  February 20, 2013  /  High End Pawn  /  No Comments

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San Diego Jewelry Buyers, a luxury pawn shop, is launching a new video campaign.  Owner, Carl Blackburn, hopes the campaign will demonstrate to customers how SDJB exceeds customer expectations.  The shop offers collateral loans on pre-owned diamond jewelry, high-brand timepieces, and other luxury goods.  San Diego Jewel Buyers differs from traditional pawn shops in that [...]

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Currency War May Keep Gold Price Rising

By   /  February 19, 2013  /  Gold Price  /  No Comments

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A currency war occurs when countries are actively competing against each other by weakening their currencies to make their exports cheaper and imports more expensive.  Many speculate we are in a currency war or on the verge of currency war now, which would mean big things for the gold price.  Massive stimulus programs across the [...]

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Houston Gold Buyers Unhappy about New Ordinance

By   /  February 18, 2013  /  Pawn News  /  No Comments

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Gold-buying businesses in Houston will now be required to photograph and fingerprint anyone selling precious metals after the city passed a new ordinance last week.  While the ordinance is meant to help track down criminals who try to resell stolen goods, many feel the ordinance is unfair.  Thousands of cars are stolen every year, luxury [...]

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