Page 1 of 1

'Pawn Stars' Co-Star Rick Harrison: Over-Regulation Must End

PostPosted: Sat Jun 29, 2013 6:44 am
by cesariojpn
http://www.cnbc.com/id/100852495?__sour ... ar=xfinity

"I'm having a real difficult time right now getting physical metal," he said. "It's the crazy world of gold and silver: Sometimes the paper market is going down but you can't find actual physical items. There's just a shortage of the physical metal. The private mints and the government mints are just behind, and there's a lot of demand for the physical out there."


I found this interesting:

His shop generally pays the spot price for physical gold, Harrison said, but because the market price is below miners' production cost, he doesn't expect to see the price drop much more.


Seeing that other places pay pennies on the dollar, i find this dubious.

Re: 'Pawn Stars' Co-Star Rick Harrison: Over-Regulation Must

PostPosted: Sat Jun 29, 2013 7:30 pm
by reddirtcoins
I found it to be lacking. He said he would sell and take a lose now to buy back. He should have done that last year. He missed the boat.

Re: 'Pawn Stars' Co-Star Rick Harrison: Over-Regulation Must

PostPosted: Sat Jun 29, 2013 8:06 pm
by JerrySpringer
Does "Pawn Stars" even have to sell at high margins if they are making good money from their cable TV connection? I never really watched their show, but from what I have read, they are as much about giving viewers what they want to see as TV offers. In other words, do they really depend upon their day to day business to generate the same profit that their TV contract paycheck pays? I think people have gone to their shop to buy and do not get competitive prices on silver. Do people just go to their shop to get a souvenir from them basically?

Re: 'Pawn Stars' Co-Star Rick Harrison: Over-Regulation Must

PostPosted: Sat Jun 29, 2013 9:15 pm
by Robarons
The minute that place landed a TV Show it lost all pawn shop functions in my opinion. Its a place for tourists to Gawk at, looking at the place they saw on TV.

Some guy bought a 5 gram gold bar there- had the receipt for 'souvenir' too proving he went there. He paid a nasty premium too

Lets not forget this is a just some bub that runs a pawn shop- he doesnt really have any usable knowledge on this topic. I find most pawn shops are hard to deal with and lack knowledge- I feel this guy was the same before a camera was shown on him

Re: 'Pawn Stars' Co-Star Rick Harrison: Over-Regulation Must

PostPosted: Sat Jun 29, 2013 10:33 pm
by JerrySpringer
Robarons wrote:Lets not forget this is a just some bub that runs a pawn shop- he doesnt really have any usable knowledge on this topic. I find most pawn shops are hard to deal with and lack knowledge- I feel this guy was the same before a camera was shown on him


Let's face it, Beanie Babies were once the rage. I can only hope silver goes dormant for a few years in its sexiness and allows us to stack high. If the economy recovers, I think shows like Pawn and Storage Wars and Roadside Recyclables Millionaires,etc. will lose their appeal as people lose the interest of having to fantasize about windfall opportunities. I don't know, is the traveling antique show program still on or have they been sued for low-balling people on the value of their wares?

Re: 'Pawn Stars' Co-Star Rick Harrison: Over-Regulation Must

PostPosted: Sun Jun 30, 2013 1:15 am
by cesariojpn
Robarons wrote:I feel this guy was the same before a camera was shown on him


Gold & Silver Pawn circa 2003.

Gold & Silver Pawn circa Christmas 2008.

The show debuted on July 19, 2009. Accounting for production time, the show "existed" as early as 2008.

Re: 'Pawn Stars' Co-Star Rick Harrison: Over-Regulation Must

PostPosted: Sun Jun 30, 2013 5:41 am
by Bigsarge
JerrySpringer wrote:Does "Pawn Stars" even have to sell at high margins if they are making good money from their cable TV connection? I never really watched their show, but from what I have read, they are as much about giving viewers what they want to see as TV offers. In other words, do they really depend upon their day to day business to generate the same profit that their TV contract paycheck pays? I think people have gone to their shop to buy and do not get competitive prices on silver. Do people just go to their shop to get a souvenir from them basically?



Robarons wrote:The minute that place landed a TV Show it lost all pawn shop functions in my opinion. Its a place for tourists to Gawk at, looking at the place they saw on TV.

Some guy bought a 5 gram gold bar there- had the receipt for 'souvenir' too proving he went there. He paid a nasty premium too


Enjoy!

http://www.ebay.com/itm/Pawn-Stars-Old-Man-71st-Birthday-Silver-Round-1-Troy-Ounce-999-Fine-Silver-Coin-/221239163500?pt=LH_DefaultDomain_0&hash=item3382e1ba6c#ht_3218wt_1161