Don’t expect to get what you paid for it
"Just because you paid $100 for an item doesn't mean it's worth that," says Gold. "You could probably pawn a $100 item for about $25."
"A lot of people get upset with us, but then they understand we are their last resort to get money. So they will come back and apologize," says Gold.
Jewelry, on the other hand, does appreciate, so there is less arguing. It turns out that for pawnshop dealers, it really is as good as gold. "We always pawn gold," he says. His American Jewelry and Loan store pawns about 90 per cent jewelry and 10 per cent hard stuff, which is everything else.
So, if you want to get your money's worth, pawn grandma's wedding band instead of that DVD player you've had kicking around for five years.
* Video: Paris' famous pawnshop
The chief of the GM compensation fund says the process of meeting families of victims is "heart-wrenching"
Date 10 hrs ago, Duration 3:46, Views 121
Date 14-04-29 4:50
Tooltip Information:Be fearful bulls, volatility is on the rise [04-29-14 8:45 AM]Video by:Description: Scott Bauer, Senior Market Strategist, Trading Advantage breaks down what the Fed should do.Rating: 4Views: 691
Date 14-04-28 5:28
Tooltip Information:How new CMHC rules will impact housing [04-28-14 12:30 PM]Video by:Description: Robert Hogue, Senior Economist, RBC Capital Markets tells BNN how new CMHC rules will impact the housing sector.Rating: 2.8Views: 5713
Date 14-04-28 4:54
Tooltip Information:How to trade U.S. earnings [04-28-14 8:45 AM]Video by:Description: Elliott Fishman, Director U.S. Equities, Portfolio Advisory Group, Scotiamcleod joins BNN to wrap U.S. earnigns and key events he's watching.Rating: 4Views: 73
Date 14-04-29 6:29
Tooltip Information:Shareholder earnings watch: Suncor, Forest Labs, Goodyear [04-29-14 7:10 AM]Video by:Description: Lorne Zeiler, vice-president, Tridelta Financial joins BNN to break down Suncor, Forest Labs earnings, and discusses why he is bullish on Goodyear.Rating: 4Views: 291
Date 14-04-28 5:49
Tooltip Information:Barrick, Newmont deal not dead yet [04-28-14 12:05 PM]Video by:Description: Newmont Mining has ended merger talks with Barrick Gold. But one analyst thinks a deal could still happen sometime down the road. BNN interviews John Ing, President and Gold Analyst, Maison Placements.Rating: 4Views: 72
Date 14-04-28 5:00
Tooltip Information:Why your gas prices could rise higher [04-28-14 8:15 AM]Video by:Description: David Madani, Canadian Economist, Capital Economics joins BNN to disucss why Canadians could pay even more for gas, and what it means for the economy.Rating: 4Views: 152