Americans Rich and Poor Pawn More to Pay Bills
from Reuters
Whether it's a Tiffany diamond or a three-year-old lawnmower, more and
more Americans from all social classes are pawning their possessions to
make ends meet. Pawnshop owners see strong business across the country,
even in unexpected locales like Beverly Hills, the mecca of luxury
living and shopping. More
Steady Pawn Business with Tough Economy
from WTNH-TV
In these troubling economic times, more people are in need of quick
cash. Others are looking for a good deal. And, pawnshops are cashing-in
in both cases. It's not news that people are looking for discounts. But
if the pawnshop business is any indication what people really need
these days is cash and they need it fast. More
Central Wisconsin Pawnshops See Spike in Sales, Not Loans
from Wausau Daily Herald
Pawnshop managers in Wausau, Wis., say they are not giving out more
loans than usual for this time of year, but their sales figures are
higher than expected. In a tough economic climate, thrift stores and
discount outlets often pick up new business, and pawnshops are part of
that trend. More
Gold Rises on Weaker Dollar, Equity Rally
from Reuters
Gold climbed in Europe as the dollar weakened against the euro and the
yen, boosting interest in the metal as a currency hedge, and gains in
equities and other commodities fueled buying appetite. Traders are
looking ahead to a decision on U.S. interest rates, after the Federal
Open Market Committee's two-day policy meeting. More
New Non-lead Ammunition Coming
from The San Bernardino Sun
Hornady Manufacturing has announced a new line of "expanding solid"
bullets and loaded ammunition that will meet California's non-lead
requirements in the range of the California condor for hunting
ammunition. The new bullet is made from solid gilding metal, a
copper-based alloy that has no lead in its construction. The new
Hornady GMX bullets will be available in .270, 7mm, and .308 diameters
for 2009. More
Some Find Opportunity in Spain's Crisis
from Reuters
Beneath the clock in Madrid's Sol square where Spaniards gather to
count in the New Year, it's an increasingly common sight: men walking
around wearing sandwich boards or luminous jackets saying "I buy gold."
Echoing images of men in sandwich-boards that encapsulated the hard
times of the Great Depression, in Spain immigrants or people laid off
from construction are picking up a small daily rate working as
advertisers for pawnbrokers. More
Ways to Save During the Holidays: Buy at a Pawnshop
from The Dallas Examiner
Would you like to give some DVDs as a Christmas gift this year but are
strapped for cash? If your answer is yes, don’t buy them new. Where do
you go then? The pawnshop. More
Business Booming for Pawnshops in Wilmington, N.C.
from WWAY-TV
While some businesses are struggling, pawnshops across Wilmington,
N.C., are booming. Many are pawning their items for the cash to spend,
while others are looking to spend to snatch up the deals. In either
case, the owner of seven stores said the reason is the same, the
sluggish economy. More