Noticed Today, by Alan Millhone

November 19, 2009 |

PawnJust drove by a local pawn shop and the parking lot was full. I suspect some had guns pawned and need them now for hunting season. Many likely need money so they can feed the family for Thanksgiving. Some need cash for utilities or gas for their vehicles. I am sure these people could care less about the DOW today. Likely would sell their gold if they had any. Some will read my comments and smugly say those people should have prepared better or should not smoke or buy beer. I try not to judge anyone and strive to keep my own house in order.

Russell Sears remarks:

I bought a few items at a pawn shop Oklahoma last weekends and the parking lot was full, as were the registers. Some were at the gun counter, but others, like me, got some below melt-value deals on silver and gold jewelry and coins. The art work was picked over — little to be had. There were plenty of power tools and saddles to be had and not a browser near them. But all appeared to me to be buyers browsing for a discount, not sellers.


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