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NPA Weekly NewsBrief
March 31, 2009  
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Desperate Times-Desperate Measures
from The Ventura County Reporter
It's been said that sometimes you have to let go of what youíre clinging to in order to see if it was worth holding onto. One need look no further than the shelves of a pawn shop to validate that notion. The merchandise on the sales floor of Olde Town Jewelry & Loan in Ventura, Calif., is neatly arranged section by section ó electronics and hardware in the center, musical equipment in the back, gems and jewelry on the sides. More

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First Person Singular: Lisa Siegel Vice President National Pawnbrokers, Arlington, Va.
from The Washington Post
My husband - he works here, too - always says we're changing your non-performing assets into ones that work for you. But still, a lot of people struggle with the guilt of selling something that's part of the family. On the flip side, not everything with sentimental value can be sold, even if it had a big price tag at one point. More

As Credit Tightens, Pawnshop Clientele Grows
from New Hampshire Business Review
Tighter credit regulations in a trying economy are forcing more New Hampshire consumers to find alternatives to banks and other traditional lenders when they need to borrow. Among those less traditional lending institutions is the pawnshop, which in recent months has been serving a broader clientele, including many people who may never have thought until recently that they would be seeking assistance from a pawnbroker. More

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Ring-melting Ceremony Held in Warwick, R.I.
from KMGH-TV
Twenty-three West Point class rings that belonged to graduates from the past were melted down Monday to become rings for the Class of 2010. The ring-melting ceremony took place at Pease and Curren in Warwick, R.I. More

Fear of New Regulations Drives Gun, Ammo Shortage
from The Associated Press
Concern that the Obama administration could impose a new ban on some semiautomatic weapons is driving worried gun owners to stockpile ammunition and cartridge reloading components at such a rate that manufacturers can't meet demand. Attorney General Eric Holder last month suggested that the Obama Administration favors reinstituting a U.S. ban on the sale of assault weapons. More

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More Of Us Are Pawning Our Valuables
from the Evening Herald
Cash-strapped Dubliners are turning to pawnbrokers to sell their sentimental treasures for fast and easy money. Pawnbrokers around the city have noted the increase in business as more and more people are forced to part with their property to make ends meet. Pat Carthy of Carthy Pawnbroking in Dublin, revealed he had seen a surge in his business since the start of the recession, with people willing to pawn jewelry and musical instruments. More

Santa Monica, Calif., Pawnshop Gets Help from City
from The Lookout News
In an effort to save the last remaining pawnshop in Santa Monica, Calif., the City Council directed staff to draft an ordinance expanding the area downtown that allows such stablishments. Angelo's Pawn Shop has been unable to find a new home under a restrictive zoning code that only allows pawnbrokers to operate between 2nd and 4th streets in the heart of the downtown. More

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Precious Metals: N.Y. Gold Futures Falter
from The Wall Street Journal
Gold futures declined recently on a muscular U.S. dollar, profit-taking, technical selling and potentially deflationary economic data. June gold sank $16.90, or nearly 1.8 percent, to settle at $925.30 an ounce on the Comex division of the New York Mercantile Exchange. "Dollar strength has been the culprit here," said Pat Donnelly, senior broker at Peak Trading Group. The metal often moves inversely to the U.S. dollar because gold is seen as an alternative to the greenback. More

As Economy Worsens, Many Sell Off Jewelry
from The Plain Dealer
From the divorced woman who hesitantly parts with a wedding ring, to the laid-off teacher who cleared out most of her jewelry box to pay the bills, Meagan Soltis has listened to their stories. Soltis works as a gold-tester for her cousin's business, Akron, Ohio-based Gold Guys. Each weekend she sits at a booth in a Holiday Inn quoting people's valuables. More

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