Monday, January 23, 2012

Pawn Business Booming | WJTV

"We?ll take just about anything," comments the owner of USA Pawn & Jewelry.

But, Brian Smith says, gold is probably the most popular item to pawn.

"Gold has gone way up.? It?s tripled in the last couple of years," explains Smith.

They?ve also gotten a lot of electronics, computers and firearms.

"We want to loan you the most money we can.? The more I loan you, the more I make," comments Smith.

Smith tells us, there have been times when people have tried to sell them stolen items.

"We don't want the stolen stuff.? We lose.? Police pick it up, and we lose the money we put in it," expresses Smith.

And, they do research to make sure the items are valid.

"We have a process to see if it's theirs or not.? Where did you get it, how much you pay for it, how much you want to borrow, can you hook it up for me," continues Smith.

They also have a strong retail business, which helps in a down economy.

"We sell all the same stuff as high end jewelry stores and all the electronic stores at a fraction of the price," adds Smith.

Source: http://www2.wjtv.com/news/2012/jan/20/pawn-business-booming-ar-3084561/

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