So one of my coworkers thinks I'm a pawn shop

Discussion in 'Bullion Investing' started by rte, Sep 27, 2021.

  1. rte

    rte Well-Known Member

    He had some silver bits he thought I might want before he pawned them.
    The kicker was he wants them back in a few weeks.
    His daughter needs gas money.
    I loaned him $50.
    He felt better about borrowing the money with collateral.
    How'd I do?
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  3. SensibleSal66

    SensibleSal66 U.S Casual Collector / Error Collector

    I would say that you have gotten the better end out the bargain my friend ! Good Luck AkA Pawnshop . :hilarious:
    spirityoda likes this.
  4. Cinco71

    Cinco71 Well-Known Member

    If he never brings you the $50, you did very well.
    Noah Worke, Dynoking and spirityoda like this.
  5. MIGuy

    MIGuy Well-Known Member

    That was kind of you, and the collateral is definitely enough to cover the loan.
  6. masterswimmer

    masterswimmer Well-Known Member

    So if he pays you back, what's the vig?
  7. rte

    rte Well-Known Member

    Calculating the vig.
    0x0+$0.00@ .0% Much like the standard savings account.
  8. hotwheelsearl

    hotwheelsearl Well-Known Member

    Reminds me of when i loaned my roommate $1500 for rent at 0% interest. Need to really trust the guy
    MIGuy likes this.
  9. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    when he comes back for thenm just tell him you lost them...LOL
    coin dog and Treashunt like this.
  10. MIGuy

    MIGuy Well-Known Member

    One of the real privileges of having a few bucks is that you can sacrifice some and not got too distraught about it. I appreciate that privilege when I have it.
  11. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    I would have done that deal in a skinny second.
  12. alurid

    alurid Well-Known Member

    Hope you have a written agreement. Is a few week 2 or 4 or 6...
  13. Dynoking

    Dynoking Well-Known Member

    I had the same question.
    masterswimmer likes this.
  14. slackaction1

    slackaction1 Supporter! Supporter

    What's his daughter look like ?
  15. beaver96

    beaver96 Well-Known Member

    If you can help someone without hurting yourself, why not. With the coins in your possession you can't go wrong on this deal money wise.
    Noah Worke likes this.
  16. Collecting Nut

    Collecting Nut Borderline Hoarder

    You did better than he did. If he says to keep the coins, ask if he’s sure and than say yes.
  17. Mountain Man

    Mountain Man Supporter! Supporter

    I think you may have opened yourself up to become a "lender" to others, which is something I wouldn't want to be.
    Let's hope the daughter never runs out of gas the guy forgets he made the deal. Maybe his daughter needs to get a job and then the problem will be solved.
    slackaction1 likes this.
  18. rte

    rte Well-Known Member

    Nothing written, he's been employed 15+ years.

    As for the
    What's his daughter look like ?
    You don't want a visual effect on that.
    fretboard likes this.
  19. rte

    rte Well-Known Member

    100% correct on not wanting to be a bank for people who don't manage their own money.
    The daughter has a job, makes good money but has a good for nothing looser boyfriend that she supports.
    Some people are just not real bright in that area (that's putting it nicely)
    The father is good people but struggling themselves.
  20. FryDaddyJr

    FryDaddyJr Junior Member

    ironically, you spelled "loser" wrong
  21. -jeffB

    -jeffB Greshams LEO Supporter

    Might still be right the way it's written, though.
    slackaction1 likes this.
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