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Finding some shine in this gold bear market
Forbes
Two factors drive gold: the Love Trade and the Fear Trade. In 1997 and 1998, the bottom of the emerging market meltdown took place. Four years later, we saw China and Asia starting to take off and GDP per capita rise. This is an important factor in this whole run-up that I would characterize as the Love Trade. A strong correlation is rising GDP per capita, and in China, India and the Middle East, they buy gold and many gifts of love.
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Thai parents pawn Hermes, Gucci, LV bags and Blythe dolls to pay school fees
The Nation via Inquirer
Luxury items such as Hermes, Gucci and Louis Vuitton handbags and Blythe dolls have been sold at pawnshops nationwide as parents struggle to find money for their children's tuition fees and related expenses for the new school year this month. The influx of luxury items has prompted many pawnshops to beef up security measures to prevent thefts.
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2 accused of selling, pawning stolen firearms in Huntington, West Virginia
WCHS-TV
Two men face charges for transferring and receiving stolen property in Huntington, West Virginia. Anthony Williams, of Wayne County, is accused of selling five Winchester shotguns to a man in Huntington for $200, according to a criminal complaint filed in Cabell County Magistrate Court.
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Another chance in Austin, Texas, on payday lending
Fort Worth Star-Telegram
If Texas lawmakers want to govern more industries from Austin, one place to start is payday lending. Right now, 22 cities have local rules governing payday loans, primarily because the lack of state regulation allows lenders to push abusive rollover loans and charge the poorest customers interest rates past 600 percent.
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    Oregon becomes 8th state to expand background checks on all gun sales
    Newsweek
    Oregon became the eighth state to expand criminal background checks to include all private gun sales, even transactions on the Internet, when Democratic Governor Kate Brown signed the bill into law.
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    GFMS: Platinum and Palladium jewelry demand declines
    Rapaport
    Thomson Reuters' "GFMS Platinum & Palladium Survey 2015" revealed that the platinum market recorded a production deficit in 2014, prior to inventory movement, of 1.02 million ounces, mainly due to significant workers strike action in South Africa. Platinum production plunged 21 percent year on year to a 15-year low of 4.7 million ounces, the report stated. Nonetheless, inventory remains "abundant." Palladium has held to a deficit since 2007; however, the imbalance turned more severe at 1.58 million ounces — the largest in more than a decade, GFMS stated. Palladium production dropped 7 percent to 6.04 million ounces, which was a 12-year low.
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    Mexico pawnshop owner sentenced to prison for assaults, weapons
    KMIZ-TV
    Attorney General Chris Koster announced a judge has sentenced a Mexico pawnshop owner to 15 years in prison for assault and weapons charges. Richard Whipple, 41, owns Uncle Richard's Pawn Shop in Mexico, and was sentenced to 15 years for one count of unlawful use of a weapon, and four years for unlawful use of a weapon and 1st degree tampering.
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    Palm Beach County Sheriff's Office: Value Pawn robbed by 2 men wielding hammers
    WPTV-TV
    Two masked men robbed Value Pawn by grabbing a hammer, and smashing the glass and grabbing as much as they could before driving off.
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    TRENDING ARTICLES
    Missed last week's issue? See which articles your colleagues read most.

        Pawning tips: How to find out what your items are worth (NBC's TODAY)
    Texas firm favored in pawn-loan provision added to Ohio budget (The Columbus Dispatch)
    'Pawn Star' Harrison talks life when cameras stops rolling (KNPR)
    Longtime pawnshop owner hanging it up in New Albany, Indiana (News and Tribune.)

    Don't be left behind. Click here to see what else you missed.
     

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