Monday, July 30, 2012

Pawn Stars Review: July 30, 2012

Ever wonder what is the best products to pawn/sell at the Gold and Silver Shop?  From The Wall Street Chat Sheet: Rick Harrison from the hit television show Pawn Stars appeared on CNBC. He discussed his pawn shop business and how it performs in the current economy, but his view on profits were very interesting in regards to gold. When asked about what kind of margin he tries to receive, Rick explains, “It just depends on what the items are. If you bring me a piece of art that might sit on the wall for two or three years, I’m going to give you maybe 50 percent of what I think I can get out of it. If you bring me a gold coin in the store that I can sell immediately right on the market, I’ll make one percent, I have no problem with that.”
Same goes for silver.
Rerun VanPelt
Tonight's episodes are reruns from the past.  the first episode was first aired on January 24, 2012:
The second episode was first aired on February 6, 2012:
Hope everyone has a nice week and hope you come back tomorrow.

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