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Friday, December 05, 2008 2:14:15 PM
This is why the largest pawn shop in Beverly Hills is receiving so many gold coins and jewelry as collateral for instant cash. If you listen, note the people keeping real estate deals afloat with pawn broker financing as they don't qualify for bank loans.
When their home is foreclosed, survivalists can only stuff so many months of freeze-dried food into the trunk of their car. And the first thing the wife will insist upon is that the gold coins go to the pawn shop, long before the wedding ring.
I believe thus need for cash is what will drive the market to test the bottom of it's uptrend.
When their home is foreclosed, survivalists can only stuff so many months of freeze-dried food into the trunk of their car. And the first thing the wife will insist upon is that the gold coins go to the pawn shop, long before the wedding ring.
I believe thus need for cash is what will drive the market to test the bottom of it's uptrend.
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