“Guns, gold, and guitars…”
October 6, 2008 | Uncategorized, alternatives, personal finance | Comments (0)The Payday Pundit has reported several times how the pawn industry is booming in Oregon. Here’s a story out of Washington state:
Harris loans customers cash and holds on to their belongings as collateral. They have 90 days to repay the loan with interest, or their items end up on the showroom floor.
“We’re kind of inflation-proof possibly, because when times are good, we have more people buying things,” said Harris. “When times are bad, we have more people needing a few things to make it work.”
Harris said he has seen an increase in sales over the last three months, but he has also been increasing his loans. Either way, he is keeping busy.
“Guns, gold and guitars are the things that we like the most,” said Harris, showing and extensive collection of all three.
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