A Pawnshop for the Rich
Even rich people need quick cash sometimes, so they're turning to upscale pawnshops like Borro, which takes everything from sports cars to fine wine in exchange for big loans.
Even rich people need quick cash sometimes, so they're turning to upscale pawnshops like Borro, which takes everything from sports cars to fine wine in exchange for big loans.
Turning small-business owners into stars has become a winning formula for television producers, but some businesses featured in them are cashing in, too.
For years, gold prices have been breaking records. But prices are starting to drop now that the economy may be recovering. If you're thinking about selling your gold, here are some tips for getting top dollar before the bubble bursts.
Gold prices are up again, and floating near an all-time high: That means bad news for the overall economy, but good news if you have unwanted jewelry and want to cash in. But be careful: It's also a good time to get cheated. DailyFinance explains how to get the best price for your gold.
Two-year-old Pawngo bills itself as a more upscale pawnshop for the digital age, catering to a new breed of pawn customer -- not desperate, just temporarily cash-strapped. The company wants to dispel the stereotype of sketchy storefronts dealing in fenced goods -- and so far, it has had a fair amount of success.
Millions of Americans are facing the worst money problems imaginable, but these same conditions are a boon for pawn shops and payday lenders. Borrowers get short-term loans at these stores using some asset as collateral -- their paycheck, or a car, or jewelry. That access to cash helps, but it comes at a cost that can be crippling.







