Definition of a Pawnbroker: a person/business who lends money in exchange for objects used as collateral, which would be returned after an agreed amount is paid back. Pawnbroking has come to be known as the world’s second-oldest profession. Chinese records show that the practice of securing loans on property date back all the way to
The world watched on Tuesday as an unprecedented meeting took place between President Trump and North Korean leader Kim Jong Un in Singapore. What seemed unthinkable just months ago came to fruition and will, more likely than not, have a significant impact on the global economy within the weeks to come. What you (as our
Gold prices are predicted to rise further amid the idea of an impending trade war between the U.S and China. The new trade tariffs imposed on China by President Trump, coupled with the recent air strikes by the U.S, France and the U.K against Syria, has gold at $1347.30 USD as of April 16th. A
We are in the age of cryptocurrency and bitcoin has capitalized as being the premier worldwide decentralized digital currency. As it currently stands, 1 bitcoin is worth about $5300.00 CAD. It’s known for being a volatile/fluctuating investment but generally one that has soared astronomically in value over the past 5 years. Here are some questions
Why do we value gold? What makes it a commodity? Let’s take a brief journey through time to find out why! Along with copper, gold was one of the first metals to be discovered by man approximately 6000 year ago. Gold differs in its characteristics from other metals. It is the most malleable of
With the recent withdrawal of India’s 2 largest denomination bank notes (the 500 and the 1000 rupee notes) and the increase in taxation on imported gold, the overall demand for the precious metal has dropped in India. The surprising move by the government to ban the 2 bank notes (known as the “black money”
The world watched as the votes were tallied up for the presidential election on November 8th, 2016. Elections usually do trigger a change in the stock market. But this time it was different. Considering how different this presidential campaign was to previous ones, it seemed fitting. Many people, let alone Republicans, and certainly investors did
Often we get clients who believe their gold may not be worth as much because of the colour of their gold. We thought we’ll write something to help those individuals out so they have an idea what their valuables are worth. First and foremost, “gold” comes in three main identified colours; yellow, white and rose.