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From the category archives: Metro Pawn and Gun

Gold

Coin Collecting for Fun or Investment

Coin collecting is both a fun hobby and one that can be quite lucrative if you know what you’re doing. For some collectors, this is a very serious pursuit, while for others it may just be an enjoyable pastime. It often starts with children collecting various interesting or unusual coins, and may persist into adulthood with impressive and equally valuable portfolios. Whatever the case, coin collections can be worth a fair amount of money. If you are interested in pawning or selling your coins, or if you are looking for rare coins to add to your collection, Metro Pawn & Gun is the perfect place to visit.

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A Good Time for Precious Metal Investment

It appears as though our hopes of arriving at a time we could refer to as “post-pandemic” were an illusion. Optimism that this potential period would resemble the pre-pandemic world in some capacity now seems rather unlikely. New ‘variants’ seem to be popping up with nearly predictable regularity, vaccination controversy has exploded onto the scene, and compliance with heretofore personal choices is quickly becoming decreed without regard for consent. Commodity shortages, increasing fuel prices, border chaos, economic instability, international crisis, and escalating social discontent are creating a volatile cocktail.

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Coin Collecting for Fun and Investment

Collecting of coins or other forms of minted legal tender has been a popular hobby for probably as long as coins have been around. Of particular interest to most collectors are coins that have been circulated for only a brief time thus making them more scarce, coins with mint errors or other irregularities, exceptionally beautiful coins, or coins with certain historical significance.

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Stocks vs Precious Metals

The stock market – it makes people millionaires or homeless and everything in between. We’ve all heard the “high risk, high reward” phrase. Conversely, there is also the “low risk, low reward” school of thought. Some people know how to play the investment game very well, while others just spin the wheel and hope for the best. Wherever one may be on this sliding scale, the odds of success or failure are tied to countless variables, many of which exist outside the control of the individuals playing the game.

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Gold prices on the way up – again

The pattern is quite predictable. Uncertainty and instability, whether economic, social or political, drive up the price of precious metals. This is a historic fact. Much like an archeologist can look at ancient sedimentary strata and infer that certain things happened relative to the composition of these layers; we can look at a precious metal chart alone and verify that peaks in the graph indeed correspond to various geopolitical commotions that occurred at those points in time.

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Supporting Local Business

The negative economic impact resulting from events that have transpired within the last six months has been tremendous. An unprecedented closure of the economy has caused irreparable harm to small businesses across the country, forcing many to shutter their doors for good. Unemployment rose higher in three months of COVID-19 than it did in two years of the Great Recession. Yet despite the pandemic, Amazon doubled its net profit year over year to $5.2 billion, compared to $2.6 billion at this time in 2019. So what’s wrong with this picture?

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Coin Collecting

Metro Pawn & Gun deals with a wide variety of collectible coins and other rare currencies. Coins may be made of precious metals or more common materials. Their values are based on their scarcity, composition and condition.

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Crisis & Precious Metals

The COVID crisis we are experiencing is unprecedented in modern times. Aside from the human toll in fatalities, it has affected nearly every aspect of life as we know it. From government mandated lock-downs to economic disruption on a global scale, it has exposed the true frailty of the engines that power our world. The prosperity of a functioning society is not simply defined by a monetary equation. Fluctuations and elasticity are an inherent part of such a system and typically weathered in stride. But when the life fabric of life is stretched beyond the breaking point, it’s wise to prepare for a potentially unfavorable outcome.

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Prepping for the Unknown

Prepping is a concept that has grown popular in recent years, even making it to mainstream television with shows like “Doomsday Preppers”, “Survivorman” and others. These illustrate the various preparations people undertake for a myriad of potentially cataclysmic scenarios, ranging from economic collapse to natural disasters to pandemics or terrorist events. While some of these narratives might seem unduly apocalyptic, such as alien invasions or asteroid impacts, recent world events have placed a far more sobering light on such endeavors.

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Precious Metals in 2020

Looking at the past year, we continue to see appreciation of precious metals across the board. Within the past 12 months, gold went from a low of $1270 per ounce to $1574 per ounce currently. Silver experienced its lowest price of the past year at $14.34 per ounce to its highest of $19.57 per ounce. Platinum soared from around $785 per ounce in January of 2019 to around $1015 per ounce in January of 2020.

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