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Rick Harrison on Gold

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

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Rick Harrison of Pawn Stars thinks the price of gold could be headed for further losses.  “I’m actually considering selling a little bit, taking a capital loss, and buying it back in a month,” he said.   While gold is plunging, Harrison says he’s finding it difficult to build an inventory in his shop.  “I retail [...]

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Art is Fourth among Wealthy Investors

By   /  June 29, 2013  /  Collectibles  /  No Comments

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“Passion Investors” globally are allocating the largest portion of their cash at 31.6% to watches, gems and jewelry according to the 2013 World Health Report.  Collectibles such as antiques and wine were next in popularity at 24%, luxury items such as flash cars and boats were at 19% and art came in fourth at 16.9%.  The [...]

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Cash America Expands its Texas Presence

By   /  June 28, 2013  /  Pawn Shops  /  No Comments

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Cash America has acquired a 41-store chain of pawn shops primarily under the name of Top Dollar Pawn and owned by TDP Superstores Corp.  President and CEO of Cash America said, “We are excited about this opportunity to further expand Cash America’s pawn lending business in the State of Texas. This group of 41 stores [...]

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Pawn Shop to the Stars Comes to New York’s Diamond District

By   /  June 26, 2013  /  High End Pawn, Pawn News  /  No Comments

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New York Loan Company is the first office condominium owner to open for business in Extell Development Company’s International Gem Tower on West 47th Street in Manhattan’s diamond district.  Jordan Tabach-Bank, CEO of Beverly Loan Company in Beverly Hills, California, is excited to be opening an east coast branch.  “My family built an incredible business [...]

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Banks in Philippines Outnumbered by Pawn Shops

By   /  June 26, 2013  /  International Pawnbrokers  /  No Comments

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The number of pawn shops in the Philippines has reached 17,408 according to the Bangko Sentral ng Pilipinas (BSP).  Pawn shops now outnumber all other financial institutions regulated by the BSP, including universal and commercial banks, rural banks, and savings and loan associations.  There are total of 27,211 BSP-regulated financial institutions and pawn shops make [...]

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New York Loan Opens Branch in New High Tech Building

By   /  June 26, 2013  /  High End Pawn, Pawn News  /  No Comments

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Extell Development Co., one of New York’s most prolific developers is opening a 34-story skyscraper in Manhattan’s Diamond District this week.  The big question is whether or not there is a market for the high priced space where the average cost is $1,000 a square foot.  It was a slow start, but more than half [...]

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Upscale Collateral Lenders Meeting the Needs of the Wealthy

By   /  June 23, 2013  /  High End Pawn  /  No Comments

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Mike Walsh has a homebuilding business and when he needs quick cash to keep things running he borrows it from his Rolex watch. He’s one of a new breed of pawn shop clients – the well-off who are looking for quick, short-term loans on their valuable items.  And to cater to these clients is a [...]

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National Pawnbrokers Association Awards Scholarships

By   /  June 20, 2013  /  Pawn News  /  No Comments

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The National Pawnbroker’s Association has awarded six students the Future Business Leaders (FBL) Scholarship in the amount of $1,000.  To be eligible for the scholarship applicants must be enrolled or planning to enroll at an accredited two-year or four-year college or trade school and be the child, grandchild, customer or employee of an NPA member.  [...]

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Business Advice from a Pawnbroker

By   /  June 19, 2013  /  Pawn Shops  /  No Comments

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Pawnbroker and reality television star Les Gold started his business in a store you could barely turn around in and now he has a warehouse, a hit TV show and recently had a book published.  Gold has business advice that he says can apply to more than just pawnbrokers.  First he says sales success comes [...]

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Consignment Shop Turns Pawn Shop to Defeat Competition

By   /  June 18, 2013  /  Pawn Shops  /  No Comments

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When Alicia de Najera Sena opened a consignment store in 2000 there was almost no competition for her business.  Thirteen years later, Sena says consignment stores are everywhere.  In order to beat the competition, Sena knew she needed to try something new, so she decided to turn her consignment store into a pawn shop.  She [...]

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