The world is far from a peaceful, stable place. Geopolitical tensions seem to increase, and then subside, but most every storm has been weathered to some extent or another. Those that believe this to be as cyclical as the weather will allude to the fact that every generation has faced its own set of crises, many of which may have been worse than current events, only to have prevailed and come out stronger as a result. And although this is true, if one examines the broader story arc of where things are going, the big picture does raise some concern.
Precious metals can be found in a great many forms. Gold, silver and platinum are used extensively in jewelry and also in coins from all over the world, past and present. These metals are also efficient conductors of electricity and are used in many electronic applications ranging from computers to medical equipment. Even artwork and ornamentation is no stranger to precious metals. The scarcity of these metals makes them valuable, and this value has always increased over time relative to other commodities.
The modern pawn shop is a unique institution in today’s business world. It is a place where you can get a quick loan for items of value, or quick cash for items you wish to sell. You can also shop a robust and varied inventory of merchandise at remarkable prices.
Coin collecting is a hobby enjoyed by many people, young and old alike. Some focus on old coins, some on the newly minted. Others enjoy the variety of amassing coins from around the world, or a particular country of interest. Collectors range from the casual aficionado to the hardcore experts who will pay top dollar for what they seek. It can be a hobby that is easy on the checkbook or one that takes a fair level of financial investment. One thing is certain, if coins appeal to you, there is something to fit any and every budget or level of interest.
Let’s look at opportunity cost. This is a basic economic principle defined as the loss of potential gain from other alternatives when one alternative is chosen. You walk into a prestigious jewelry salon and find that wedding ring of your dreams, for $5000. While most people might not second-guess putting a ‘price’ on something as special as a wedding, the reality of the matter is that if you spend $3000 on one instead, you’ll have $2000 of potential resources to allocate to something else – like the catering, or the reception hall, or the honeymoon!
Precious metals are always on the radar at Metro Pawn & Gun. We buy, sell, pawn and provide loans for all manner of precious metals, ranging from jewelry to coins to bullion. Investors buy physical gold, silver, platinum, and other precious metals as an alternative asset and to protect against inflation and financial turmoil. Owning precious metals is a great way to diversify an investment portfolio because of its historical value and viability as compared to other less tangible assets.
For those of you who follow the gold market, remember back to January of 2000? The price of gold was a mere $288 per ounce! If you happened to be investing in gold at that point in time, looking at your portfolio in October of this year will be a delightful experience. Currently at $1280 per ounce, the value of your investment has over quadrupled in 17 years! There aren’t many other investments that can compare.
Some things in the ‘general market of everything’ hold greater value and appeal than others. Technologies change, fads come and go, and styles evolve to reflect the consumers they target. There are also certain ‘fixed points’ in these markets – goods that are equally desirable, if not more so, at any given time.
If you are shopping for an engagement ring or perhaps looking to reward yourself by investing in a fancy watch, Metro Pawn and Gun carries a great selection of used jewelry at amazing prices. We offer gold, silver and platinum rings, necklaces, bracelets, earrings and more. Some are simple and made of precious metals; others are embellished with gemstones and elaborate designs. One thing is certain - our selection has something for everyone, for every occasion.
While many people may not think of a trip to the local Pawn Shop as exciting, these shops are a goldmine for the treasure hunter in all of us. Pawn shops have been around for thousands of years, the first shops originating in China. Their original purpose was, and remains, a way for people to turn their possessions into cash either by selling them outright, or " Pawning" them. This means getting a loan based on the value of the item.
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