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Gold Price Hits 3rd Lowest Weekly Close Since 2010 as Greek Deal Looms, China Stocks Rally Again

By   /  July 10, 2015  /  Gold Price, Pawn News, Uncategorized  /  No Comments

preciousGold

Original article found on bullionvault.com   GOLD PRICES fell in London on Friday, nearing a 0.7% loss for the week in Dollars and falling harder against the Euro as China’s stock market extended its bounce from July’s earlier plunge, and European shares rose on optimism a Greek bail-out deal  can be struck at the weekend’s key [...]

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Andy Warhol’s One Dollar Bill Sells For $32.8 Million

By   /  July 2, 2015  /  High End Pawn, International Pawnbrokers, Pawn News, Uncategorized  /  No Comments

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Original article from hypebeast.com Legendary pop artist Andy warhol’s iconic One Dollar Bill artwork sold for an astonishing $32.8 million USD on Tuesday, during an auction at Sotheby’s in London. The six-feet  wide work painted by hand in 1962, before Warhol discovered his silk-screen technique, originally belonged to his business manager, Frederick Hughes and was [...]

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Why Gold Prices per Ounce Today Are Rising

By   /  June 11, 2015  /  Gold Price, Uncategorized  /  No Comments

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Original article found on moneymorning.com Gold prices per ounce were up $12.30, or 1.06%, at $1,189.90 shortly before noon today (Wednesday). The gold price traded as high as $1,193 an ounce earlier in the session. Greece, China, and the bond market were the trio of key catalysts pushing the gold price higher Wednesday. Gold prices were up as the safe [...]

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Purchase Stunning Jewelry and Luxury Watches from Beverly Loan Company

By   /  May 5, 2014  /  Pawn News, Uncategorized  /  No Comments

Beverly Loan Company, or “Pawnshop to the Stars”, is primarily known for making pawn loans to those who need it in the Southern California area – and they’ve been doing it for 76 years. But what most people don’t know is that Beverly Loan also has a thriving retail showroom for dealers in the industry [...]

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Pawnbrokers See Increase in Overall Loans Despite Dip in Gold-Based Transactions

By   /  August 7, 2013  /  Pawn News, Uncategorized  /  No Comments

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The National Pawnbrokers Association released the results of the NPA 2013 Trend Survey which assesses how economic changes have affected the industry for the year.  The survey shows that 85 percent of pawnbrokers have seen a decrease in gold-based loans and gold-buying transactions.  It’s speculated that consumers released disposable gold during peak gold price periods [...]

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Quick Cash from a High-end Pawn Shop

By   /  August 6, 2013  /  Uncategorized  /  No Comments

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Michelle Villalobas, a motivational speaker, was turned down for a bank loan to expand her business so she turned to a high-end pawn shop instead.  “When I went in to get a loan a couple years ago, I thought this is going to be an easy, breezy thing. I’m a great client. I’ve got cash [...]

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Pawn America Experiments with New Store Concept

By   /  May 24, 2013  /  Pawn News, Uncategorized  /  No Comments

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Brad Rixmann of Pawn America started with a tiny storefront in Robbinsdale in 1991, and has since grown his business into a national force in the industry.  The company recently opened its 25th location and has plans to build more.   “This year we should run right around $80 million in sales, and I believe at [...]

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Pawnbroker sees an Increase in Upscale Clients

By   /  May 5, 2013  /  Pawn Shops, Uncategorized  /  No Comments

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Robbie Whitten went on a road trip at the age of 18 with his father in 1979 setting up booths and buying unwanted gold and silver jewelry to sell to a smelter.  A year later the market collapsed and the Whittens had a warehouse full of jewelry so they decided to go into the pawn [...]

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Pawn Shop Regulation Bill Vetoed Again

By   /  December 19, 2012  /  Uncategorized  /  No Comments

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Legislation to increase regulation on stores dealing in precious metals and secondhand goods in Albany County has been vetoed for a second time.  Chief Executive Dan McCoy wrote in a message to lawmakers that, “This legislation creates an admirable but unwieldy system of investigating and reporting that places an undue onus on innocent parties and [...]

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Tips for Gold Sellers from a Gold Buyer

By   /  September 20, 2012  /  Jewelry, Uncategorized  /  No Comments

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Ed Bean, owner of Suffolk Jewelers and Pawnbrokers in Boston, has some words of wisdom for customers looking to sell their gold.  “The more knowledgeable you are about your gold and the current market, the more well-versed you will be during a transaction, and the happier you’ll be with the result,” he says.  Bean says [...]

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