by PawnMaster | Feb 28, 2018 | Gold, Gold & Jewelry, Gold Buying
When Juan Granda ventured into Peru’s Amazon rainforest to score another illicit load of gold, he boasted that he felt like legendary Colombian drug lord Pablo Escobar. “I’m like Pablo coming … to get the coke,” he told two co-workers in a text message in...
by PawnMaster | Dec 6, 2017 | Gold, Gold & Jewelry, Gold Buying, In The News, Industry, Precious Metals
To the right is a gold chain that GEIB received in with a melt lot. We noticed the chain, along with a few other pieces but something about this piece in particular just didn’t add up to being “RIGHT”, so we went a little further on this rope chain. For...
by PawnMaster | Nov 13, 2017 | Gold, Gold & Jewelry, Industry, Precious Metals
Gold recouped some of the previous session’s hefty losses on Monday as the U.S. dollar steadied and uncertainty over a U.S. tax reform plan stoked risk aversion, pulling equities from their recent record highs. Prices remained stuck in a narrow range, however,...
by PawnMaster | Sep 28, 2017 | Gold, Gold & Jewelry, Gold Buying, Refining Views
Nobody knows what the markets are going to do. They’re like an elevator; the markets are going to go up, and they’re going to go down. I keep an eye on it every day. I watch CNBC, I look at KITCO and Bullion Desk, I talk to fellow coin guys and jewelers and...
by PawnMaster | Sep 19, 2017 | Gold, Gold & Jewelry, Gold Buying
As you know, we love the pawn industry. A few weeks ago, we presented and exhibited at the NPA Convention in Las Vegas I heard something very disturbing. I must have heard at least 200 owners talk about how they are not making money the way they used to in this...
