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Precious Metals and Jewelry Loans

tropics_83tropics_83 Posts: 1
edited November 1, 2023 6:57AM in Precious Metals

A pleasant good afternoon Collectors Universe members! Where can I find individuals (including Collectors Universe members) who would be interested in getting a loan against their Precious Metals and Jewelry as opposed to selling them outright? The loan size is $3,000 and upwards!

Comments

  • RelaxnRelaxn Posts: 841 ✭✭✭✭

    Sounds like a pawn shop
    Would require extensive insurance and relationships that are not gained via cold calling.
    You would be better to advertise locally... the board has had their fair share of scammers and hustlers...

  • PerryHallPerryHall Posts: 45,208 ✭✭✭✭✭

    @tropics_83 said:
    A pleasant good afternoon Collectors Universe members! Where can I find individuals (including Collectors Universe members) who would be interested in getting a loan against their Precious Metals and Jewelry as opposed to selling them outright? The loan size is $3,000 and upwards!

    How would this work? We send you our gold and then you disappear? :D

    Worry is the interest you pay on a debt you may not owe.

  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,252 ✭✭✭✭✭
  • blitzdudeblitzdude Posts: 5,299 ✭✭✭✭✭

    Gutter available (if you are willing to classify as precious metal), PM me. THKS!

    The whole worlds off its rocker, buy Gold™.

  • rte592rte592 Posts: 1,387 ✭✭✭✭✭
    edited October 31, 2023 5:50PM

    @Relaxn said:
    Sounds like a pawn shop
    Would require extensive insurance and relationships that are not gained via cold calling.
    You would be better to advertise locally... the board has had their fair share of scammers and hustlers...

    This isn't something you want to do.
    The logistics are a nightmare.

    If you are looking to start a business, just start a we buy/loan gold and silver type store.
    If you're looking to do it as a hobby, word of mouth is your best bet.
    Both are better done face to face.

  • ApplejacksApplejacks Posts: 384 ✭✭✭

    @PerryHall said:

    @tropics_83 said:
    A pleasant good afternoon Collectors Universe members! Where can I find individuals (including Collectors Universe members) who would be interested in getting a loan against their Precious Metals and Jewelry as opposed to selling them outright? The loan size is $3,000 and upwards!

    How would this work? We send you our gold and then you disappear? :D

    Pretty much

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