NPA Newsbrief: Are Pawn Shops The New Bank?

By June 28, 2016Uncategorized

NPA NewsBrief brings you pawn industry news.

[via NPA NewsBrief] American Jewelry and Loan Owner, and star of “Hardcore Pawn,” Les Gold on why the business at pawnshops is an indicator of how the economy is doing and how they fill the short-term lending void not filled by banks. “We can tell you six months in advance how the economy is going. We have two lines, one line is for the people bringing in merchandise, one line is for people taking out their merchandise,” Gold told the FOX Business Network’s Maria Bartiromo.

Watch the video on FOX Business!