Friday, August 10, 2018

Is There a Better Pawn Shop in San Clemente to Get Cash for Gold?

There are things to know before selling jewelry to a pawn shop in San Clemente or anywhere for that matter.  First off get an idea of how much of your gold is worth before trying to negotiate a price for your items. There are many ways to go about finding out the value of gold jewelry.

One way is to Look for a stamp on the piece that might say 24K, 18K or 14K, in markings that indicate the purity of gold. Some people have been known to simply use a kitchen scale to weigh their gold.

It is important to find out how much gold is valuing for in the fair market. This can be checked at the World Gold Council website. However, keep in mind that the price of gold changes every day, so what’s true today may not be tomorrow.

Finally, use a gold calculator to figure out how much your gold is worth. You will need to input the karats and weight in grams into a special calculator to determine these figures.

Learn more here to meet up for pricing!

Thursday, August 2, 2018

The Best Cash For Gold in San Clemente
If you are wondering what the best cash for gold is, then you need look no further. The best cash for gold is the kind that is fast, fair, and hassle free.

When searching pawns shops in and around San Clemente, it is wise to do a bit of research before entering in to a bargain or collateral loan, without considering the following:

Gold is traded 24 hours a day, 7 days per week on the open market, and is priced by the ounce. However, keep in mind this value can change at any second. Therefore, the prices for buying and selling gold are constantly fluctuating. These variances in market value are attributed to supply, demand, and buying power currency values. Political climates have also known to influence the fluctuation.

The best thing to do is work from a base price determined by the market. A pawn broker in San Clemente will likely pay you less than its value so that they can turn it around and sell it for a profit.

Learn more here!

Thursday, July 19, 2018

News From Pawn Shops San Clemente
According to recent news leaks, a new study by an interdisciplinary team of researchers used seismic technology to estimate that a quadrillion tons of diamonds lie deep below the Earth's surface. 

A new study by an interdisciplinary team of researchers used seismic technology (the same kind used to measure earthquakes) to estimate that a quadrillion tons of diamonds lie deep below the Earth's surface.

Seismic technology uses sound waves to make measurements, because their speeds change depending on the composition, temperature and density of the rocks and minerals they're traveling through.

It appears there are deposits of diamonds sitting about 90 to 150 miles below the Earth's surface, much deeper than current mining machinery allows. The only other mining operation near this size of an operation is the Mir Diamond Mine in Russia, which is the world's second-largest human-made hole and only goes about a third of a mile deep.

Before you call on Elon Musk's Boring company to plan escalation, consider that in San Clemente there are pawn shops with 26 years of experience in diamonds and other rare Earth material like gold and silver. Find out how to mine for diamonds at Gems N' Loans!

Wednesday, June 20, 2018

Learn How The Wealthy Are Using Pawn Shops to Finance Their Business Ideas

Wealthy people in Dana Point are looking to fund new ventures are turning to their Rolexes and art collections as collateral for quick and easy loans from high-end pawn shops in and around San Clemente.

The handful of lending companies tapping into the trend let their affluent clients take quick thousand-dollar or million-dollar loans with high-end collectibles as collateral. That's far greater than the average loan size of $150, according to the National Pawnbrokers Association. Business owners say the way the luxury goods-backed loans are growing points less to the financial distress associated with pawn shops and more to seize money-making opportunities.

The pickup in economic growth has shifted the balance toward small business owners growing their businesses, said Jordan Tabach-Bank, CEO of Beverly Hills-based The Loan Companies.

Growth is "certainly geared more towards opportunity loans than anything else," Tabach-Bank said in a phone interview. His company operates brick-and-mortar high-end pawn shops in Beverly Hills, Chicago and New York. Business is doing so well that he's considering opening a fourth location.

In another sign, Denver-based Luxury Asset Capital said it launched an online version called Lux Exchange in late January and has secured a credit line of $50 million from a family office.

A big part of the job is "educating the affluent consumer that they have all these assets sitting in their closet," said Dewey Burke, president and CEO of Luxury Asset Capital.

One of his clients was able to use his watch collection to seal a commercial real estate deal. This client spent 10 years trying unsuccessfully to purchase a piece of property, Burke said. When it suddenly came up for sale last year, the client had just one week to close.

No bank would provide a loan in such a short time, Burke said. But after the client mailed in "four very, very high-end luxury" watches, Burke's company was able to provide him with $400,000 in 48 hours.

Some clients also leave their luxury goods with Lux Exchange for a service that acts like a revolving line of credit.

"Often times if I talk about my business, the assumption is that people borrowing money from you, they must be in a bad spot. That's simply not true," Burke said. "We also and more often deal with business owners that are growing."

Global wealth is on the rise as equity markets have run into record high territory, and prices for luxury goods are climbing. Last fall, a da Vinci painting sold for more than $450 million, the most expensive piece of art sold at an auction, according to Christie's. In December, a vintage Rolex formerly owned by Oscar-winning actor Paul Newman set the record for the most expensive wristwatch sold at an auction — $17.75 million.

Individuals are also using high-end pawn shops to use their existing collectibles to buy more.

"They're able to fund the passion with the passion, versus using assets that would be used for other purposes. It makes a lot of sense for me," said Morgan Duffy, president of Hayden Wood Insurance Agency, which focuses on the car collection market.

Sometimes using a traditional lender has resulted in not being able to make a purchase at all.

One of Duffy's clients had $20 million worth of cars, and saw that the 18th out of 19 cars in one line was coming up for sale at an auction in four weeks. "He had tied up all his liquidity in business pursuits" and didn't have the roughly $3 million for the car, Duffy said. "Even with providing evidence of what his collection included, we couldn't get the traditional lender to wrap his head around it in time to purchase the car for his collection."

But the overall trend for high-end pawnbrokers appears to be entrepreneurs needing large amounts of capital quickly.

In Houston, Pamela Wright of Wright Pawn & Jewelry said loans in the last nine months grew 20 percent from the same period last year, mostly driven by luxury goods. She said some of the business loans were for:

a young woman who needed to patent and create a cosmetic product that now sells through the QVC television shopping network;
a man who needed to purchase a car to become an Uber driver;
a woman who started a successful delivery service.
"There does seem to be an increase in clients patenting ideas to take to market," Wright said. "It's not just the sandwich shop down the street. These are people that are thinking outside the box."

Learn more here.

Monday, March 26, 2018

How Pawn Shops Can Help When Times Are Tough
There are many factors that determine the amount of money you will be offered for a piece of jewelry when you take it to a pawn shop. This includes whether you are looking to sell the jewelry or wishing to negotiate a loan for your valuables, the value of the piece and your negotiating skills will determine the ultimate outcome. What you might not realize is that your personal story, and how you express it, can play an important part in setting the final offer you will get for a piece of jewelry. This is why a pawn shop can help in times of need. Where the flexibility is important and the fact that you don’t have to have good or any credit at all.

Gem N’ Loans and pawns shops in San Clemente offer an alternative to their community when there are no other options. This is not to say youaren't free to just shop there when looking for bargain or special investments in gold. Gold coins and jewelry are great collateral items and also hold market value making them wise investments in a tough economy. We are willing to lend a hand with interest rates as low as 2%

To learn more how they can help click here.

Thursday, March 1, 2018

Pawn Shop San Clemente Holds Daily Auction

Why Have an Inventory Reduction?
Most retail businesses at times have to balance inventory, prices and promotions to maintain profit levels. Clearance sales are used as a promotional strategy by many companies as an inventory management tool and as a focal point for price knowledgeable consumers.

Promotions and clearance sales are known to increase store traffic, especially from  shoppers looking for amazing deals. The attraction of lower-priced goods may increase the range of customers that can afford to purchase products from the company or may offer an attractive purchasing option to existing customers. Normally this happens when the store owner wishes to liquidate an abundance of inventory.

Pawns shops in San Clemente like Gems N’ Loans are auctioning a variety of jewelry, gold, musical instruments and valued electronics.

Learn more here!

Friday, February 23, 2018

Silent Auction San Clemente Gems N' Loans Liquidation Sale

What is A Silent Auction?

What is a silent auction? we ll during a silent auction, many bids are written on a sheet of paper that is commonly placed before or next to the item. At the predetermined end of the auction, the highest listed bidder wins the item. The auction is "silent" in that, no auctioneer is selling individual items. In the auction industry, the fair market value (FMV) describes the estimated value of an item based on similar products in the market and what the buyer is willing to pay.

At Gems N’ Loans near Capistrano Beach, there will be a silent instore auction to liquidate a 2 million dollar inventory. This means everything must go. Everything from gold, silver, coins, unique jewelry and collectibles. This is a celebration and opportunity to walk away with a valuable treasures at amazing prices not normal to market value making them more than fair, often referred to as a steel.

he minimum bid increment can also impact how well an auction item performs. In most cases, it is considered a good idea to set the minimum bid increment at 10% of the starting bid. For pricier items, it may be a good idea to lower the percentage so the price won't jump so high between each bid.

The minimum starting bid you set can make all the difference for an item's performance. Be reasonable and fair when pricing your items, and don't be afraid to set the starting bid on the low side of the spectrum.

Learn more about when to show up here!