As good as gold
January 30, 2009 | alternatives, industry, personal finance | Comments (1)With gold over $900, it’s time to find that old gold necklece you don’t wear any more and take it to a pawn shop. From the article:
On his middle finger, Mike Ponsart, owner of Great Lakes Coin & Jewelry in Willoughby, displays an old class ring that he says could sell for $20 to $100.
Ponsart said some people turn to selling old or unused jewelry for the extra money or to pay the bills.
“That’s the first thing that’s liquid. If they need the money, at least they have something they can part with,” Ponsart said. “You can’t use a piece of gold to pay your electric bill.”
Comments»
The buying and selling of gold, silver and platinum has added an average of $3,000 to our net income.
We were focused on our payday loan stores (16 in 4 states) and doing nicely. We began to hear about “gold parties” from our customers. We looked into it and began testing.
The results? Not only have we added additional revenue by buying and selling gold but additionally, gold selling customers began to use our payday loan product and payday loan customers began selling their gold and referring their friends and family members.
It’s a no-brainer!
Jer