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NPA Weekly NewsBrief
September 22, 2009  
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A Golden Opportunity
from Chicago Sun-Times
With gold jumping above $1,000 an ounce, inquiries from people interested in selling it have jumped fivefold in two weeks at the House of Kahn Estate Jewelers in Chicago. "Every time we hit the $1,000 mark, we see this phenomenon of people stepping in to sell their gold," said Tobina Kahn, a company vice president. "They sell their old jewelry sitting at home, things they got as gifts. They need instant money." More
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Former Champs Sell Their Rings at a Record Pace
from The Business Insider
As we noted in our 10 ways sports pros squander their millions, former and current sports pros are selling their championship rings at a record pace. Championship-rings.net, a leading vendor, has seen a 36 percent increase in sales during the past year, of which five percent were acquired from pro athletes still playing, which is rare. They've also seen an increase in sales from family members who inherited these items, but now need to sell them for personal reasons.  More
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Downturn Chases Feet Through Pawnshop Doors
from Business Report & Independent
Pawnshops countrywide are getting more feet through their doors as people rush in to make extra money. But second-hand retailers such as Cash Converters are the ones really cashing in because of their guarantees. Although making extra cash seems to be the primary reason for the upswing at second-hand goods stores, some pawn shop owners have posited a myriad other reasons for the increase in pre-owned goods for cash in the past year.  More
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Tinley Park, Ill., Pawnshop a Step Closer to Reality
from SouthtownStar
A proposal for Tinley Park, Ill.'s, first pawnshop sailed through the plan commission, but it had one challenger. Commissioner Kevin Berry was the lone "no" vote. It would be a collateral-loan establishment - buying goods such as jewelry, used musical equipment and electronics, owner Rich Clousing said.  More
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Rings Taken in Burglary Returned to Tulsa, Okla., Woman
from KWTV-TV
Tulsa police arrest three people they believe are responsible for a string of burglaries, and recover some priceless family heirlooms in the process. Police say this trio may be responsible for as many as 60 recent burglaries. But, they are in custody, and an elderly woman has her prized possessions back. Police said a pawnshop employees helped track down the alleged burglars.  More
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Bill Seeks to Close Payday Loopholes
from Dayton Daily News
Lawmakers will hold a hearing this week on a bill that aims to close off loopholes the payday lending industry is using to continue charging high-cost, high-interest loans. Voters endorsed a new law by a nearly 2-to-1 margin in November 2008 that caps short-term annual interest rates at 28 percent. Lawmakers will hold a hearing this week on a bill that aims to close off loopholes the payday lending industry is using to continue charging high-cost, high-interest loans.  More
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Privacy, Pawnshops and the Police
from The Lethbridge Herald
The Lethbridge Police in Alberta, Canada, would love to have an international online database of stolen goods at their fingertips, but it may not happen until they’re satisfied it meets privacy guidelines and unless local pawnshops buy into the idea.  More
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Gold Retreats, Jitters Set in Over Long Positions
from Reuters
Gold fell to its lowest in almost a week, weighed by a rallying dollar that dented the metal's appeal to non-U.S. investors and record speculative positioning in the New York gold futures market. Spot gold stood at $1,000.40 an ounce by 1459 GMT, versus $1,006.15 an ounce late in New York. U.S. gold December gold futures fell $8.30 an ounce at $1,002.00 on the COMEX division of the New York Mercantile Exchange.  More
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Small-business Owners Become More Optimistic
from The Associated Press via the Miami Herald
Small-business owners are joining consumers and investors in showing some cautious optimism about the economy. An index that measures owners' optimism rose last month, boosted by expectations that business conditions will improve in the future. And there's anecdotal evidence from owners in a variety of industries who say they have reason to feel a little more upbeat.  More
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Man Charged for Pawning Leased Items
from The Peterborough Examiner
A 36-year-old man turned himself in to police after selling thousands of dollars in leased items to a second-hand store, authorities said. The man is alleged to have leased a number of items from Aaron’s Sales and Lease in Peterborough, Ontario, including an Xbox, a Playstation, a 56-inch, high definition, widescreen television and a sound system valued in the lease agreement at $8,478.  More
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