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<p>[QUOTE=&quot;Beachloan, post: 1827608, member: 30781&quot;]I can provide a little insight into this. I own a pawn shop and we also buy gold. From day one of the &quot;we buy gold&quot; phase I warned people against selling their gold. Obviously I never turned them away if they wanted to sell it but my argument was always get a loan rather than sell it. I want long term returning customers that are going to pay me interest for years rather than walk in and out and I am only going to make a couple hundred bucks an oz. I honesty can not wait for most of these places to go out of business and I can get just a little closer to my old margins. 10 years ago if your gold was worth $300.00 I was paying $100.00 and that is just the way the business was. These days if you gold is worth $300.00 I am giving you in the $200-225.00 range.&nbsp; </p><p>There is still plenty of gold out there. Just in my little town I currently loan out more than $250,000 a month for it and that number grows every year. To give you an idea on profits....I pay more than $150.000 a year in taxes.[/QUOTE]</p><p><br /></p>

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