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Pawn Shops Hit Hard by Drop in Gold Price

By   /  July 5, 2013  /  Gold Price  /  No Comments

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Pawn shops alongside investors and big gold miners are feeling the sting of falling gold prices.  Stores that buy gold or accept it as collateral for short-term loans know they are taking a risk on movements in the gold price, and they factor that risk into the prices offered.  Large drops in the gold price, [...]

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High-end pawn shops solve small business cash crunch

By   /  July 5, 2013  /  Pawn News  /  No Comments

Reuters

(Reuters) – When Marc Kaye needed a loan to fund his boutique insurance firm at a time when payroll, his kids’ college tuition and a mortgage payment were all draining his cash reserves, he didn’t go to a bank. Instead, he pulled a 1940s Picasso pencil drawing off his living room wall and made an [...]

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Canadian Diamond Mine has Bright Outlook

By   /  July 5, 2013  /  Jewelry  /  No Comments

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Mountain Province Diamonds says its Gahcho Kue mine holds much more of the rare gems than had previously been estimated.  The Canadian site holds an estimated 12 pc more indicated diamond resources and up to 80pc more inferred resources, which brings the indicated resources to 56.6m carats and inferred resources to 18.5m carats.  DeBeers is [...]

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Diamond Market Facing Difficult Third Quarter

By   /  July 5, 2013  /  Jewelry  /  No Comments

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Certified polished diamond prices fell in June as cutting centers came under financial pressure.  The RapNet Diamond Index ((RAPI™) for 1-carat diamonds fell 0.6 percent, 3-carat diamonds declined 0.5 percent and 0.50 diamonds fell 0.7 percent. The RAPI for 0.30-carat diamonds dropped 1 percent after a very strong uptrend for the first five months of [...]

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The Fall of the Gold Price

By   /  July 5, 2013  /  Gold Price  /  No Comments

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It’s been a difficult year for investors who were counting on gold and silver to keep them safe as gold and silver related funds have lost more than 20 percent of their value during the first six months of this year.  Fear drove people to precious metals during the financial crash.  Investors poured money into [...]

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Pawnbroker donates Guitar to Veteran

By   /  July 5, 2013  /  Pawn News  /  No Comments

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Willie Walker coped with stress by playing his guitar.  A wheel-chair bound WWII Army Veteran and resident at the Durham VA, Willie played for the staff and other veterans regularly.  It was therapy for Willie and his listeners. When his guitar was tragically broken, Willie was heartbroken.  Pawnbroker Bob Moulton, CEO and President of National Pawn [...]

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