‘Pawn Stars’ Owner: Selling Personal Gold At A Loss For Tax Writeoff, Then Buying Back

“Harrison noted that while gold is plunging on the commodities exchanges, he’s finding it difficult to build an inventory for his shop.  ‘I retail gold and silver and I’m having a real difficult time right now getting physical metal,’ he explained. ‘It’s the crazy world about gold and silver: Sometimes the paper market is going down but you can’t find actual physical items.’  The reason, he said, was a lack of physical product, which he blamed on private and government mints not keeping up with demand.  But this same phenomenon should help prices see a bottom shortly.  ‘I still pay right around spot — I don’t think it’s going to go much lower,’ Harrison said.”

http://www.businessinsider.com/pawn-stars-star-im-selling-gold-2013-6

The Freedom Watch Staff

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