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How is the Cash-for-Gold Business Faring with Price Drops

By   /  April 30, 2013  /  Gold Price  /  No Comments

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As the price of gold plummets many are wondering how small businesses dealing in gold are faring.  William Nefsky, a precious metals consultant in Atlanta, says businesses that deal in gold should be fine as their wide margins should cushion them.  Others point out that demand for the physical product remains strong despite the decline [...]

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Personal Asset Lenders taking the Place of Banks

By   /  April 25, 2013  /  Collateral Loan  /  No Comments

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When you need a loan to start or new business or you’re just looking for cash to take a once-in-a-lifetime vacation, your first thought might be a bank loan.  This option, however, is less than ideal as banks have tighter lending restrictions and lengthy wait times.  To get a bank loan you’ll have to do [...]

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Pawning your Signed Luxury Watch

By   /  April 25, 2013  /  High End Pawn  /  No Comments

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Much like an artist signs her paintings, for centuries watchmakers have signed their watches.  Often found on the dial of the watch or certain parts of the inner movement, a signature stamp is an indicator of quality.  When you buy a luxury watch with the maker’s signature you can be confident in the craftsmanship of [...]

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Buying Signed Jewelry

By   /  April 25, 2013  /  High End Pawn, Jewelry  /  No Comments

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Iconic jewelry brands such as Cartier, Tiffany & Co, Chopard and Bulgari are highly sought after and the maker’s signature is one of the most important indicators of quality.  Buying signed jewelry means you are getting the high level of quality associated with the brand.  A signature is the maker’s way of standing by the [...]

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“Fancy” Blue Diamond Sells for Record Price

By   /  April 25, 2013  /  Jewelry  /  No Comments

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A Bulgari ring with a rare deep-blue 5.30 carat diamond attracted bidders from around the world, with more than 20 phone lines in use during the intense 10-minute auction. Selling for $1.8m per carat, the “fancy” diamond beat the previous world record of $1.69m per carat for a blue diamond.  The term “fancy” is used [...]

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Use of Fine Art as Collateral on the Rise

By   /  April 21, 2013  /  Collateral Loan  /  No Comments

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The art market is booming with a record breaking year at auction in 2012, and loans against fine art are the latest trend in collateral lending.  Pawnbrokers are seeing more and more valuable pieces coming through their doors.  With traditional sources of financing becoming more and more difficult to get, people are using their high [...]

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Indian Pawnbrokers Struggle as Gold Price Continues to Fall

By   /  April 21, 2013  /  Gold Price, International Pawnbrokers  /  No Comments

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Gold loan provider Manappuram Finance in Mumbai reports that in the past week customer walk-ins have halved and other customers are rushing to release their pledged gold on expectations of further price drops. Business owners are scrambling to get customers to pay on their loans, and even to top up their collateral as the gold [...]

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When will Gold Jewelry Prices Reflect the Drop in Gold Price?

By   /  April 21, 2013  /  Gold Price, Jewelry  /  No Comments

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The price of gold has taken a huge plunge, but that doesn’t necessarily mean gold jewelry prices are going to drop right away.  Jewelers buy their materials well ahead of time says jeweler Mitch Engle.  The gold price will have to continue falling for a period of several months before the price drop trickles down [...]

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Pawnbrokers Expanding Business

By   /  April 21, 2013  /  Pawn Shops  /  No Comments

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Pawnbroking is a business that thrives even in hard time, and many pawnbrokers are expanding their business.  In the United States, Beverly Loan Company has expanded with a new branch opened this spring- New York Loan Company.  In the UK, Nathan Finch of Pickwick Pawnbrokers says that 22 years ago when he started working for [...]

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Pawn Shop Negotiation

By   /  April 20, 2013  /  Pawn Shops  /  No Comments

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Many people turn to pawn shops when they need quick cash and knowing how to negotiate will help consumers get the best values.  “The person that’s the better negotiator is the one who’s going to get the better deal,” said pawn shop owner Jeff Bernard.  According to Bernard the object the person is buying or [...]

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