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Is this a sign of the times?

January 22nd, 2011 at 08:23 pm

Maybe this is common, but if so I must live an isolated life (could be - I don't go out shopping much at all).

Tonight I stopped at an intersection and a neon light in a store window across the street caught my eye. I thought it said "gold". I looked again. Sure enough it was "Sell your gold here". Odd, I don't remember a pawn shop there. The light turned green and the truck next to me moved out of the way and I see I was right - its the laundromat that has always been there. Laundromats are now buying gold? Are people really taking gold to a place like that to get money? ????

Of course the real solution is to not waste money on stuff like gold when you could have more pressing needs, but really, why would you sell your valuables there? I guess thats where the economy is today though. Ugh.

4 Responses to “Is this a sign of the times?”

  1. LuckyRobin Says:

    We have a place in our local mall that buys gold and silver jewelry and coins and stuff. If I had that sort of thing to sell I'd feel a lot safer going there than a laundromat. But yes, that is sadly where the economy still is and those places give more money than a pawn shop usually.

  2. englishteacher Says:

    Interesting post. This is my first time on your blog, and it looks like you are doing well. 20k on the house with no other debt = where I want to be.

    What do you do for a living?

  3. monkeymama Says:

    I don't really think it's a sign of the times. Buying gold has just been very popular lately. Maybe these places started to pop up during the recession, but it's been everywhere.

  4. bennyhoff Says:

    To EnglishTeacher...

    I am a computer analyst / programmer working for a local government. The pay probably doesn't match what I could get in private industry, but when you add in a pension and other perks, I don't feel like I am losing out by working here.

    While a ton of factors relate to how I got where I am at, the biggest reason I have almost no mortgage debt is I bought my house at the very bottom of the housing market (1997-98). Well.. that and paying extra every month to get it paid off ASAP. It was a fixer-upper and I did a lot of the work myself (in fact I redid the tub drain just this morning!). If you go through older posts you'll see some descriptions on how I have saved & invested money over the years.

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