The Old Pawnbroker's Blog

News for Pawnbrokers and Precious Metals Dealers

Archive for the month “December, 2016”

India’s Death By Demonetization

If you are poor in India, your life has very little value to the Rich and Powerful. Funny, the first part of Demonetization is Demon.



India Update: Gold Ownership Effectively Illegal

I believe India (18% of world population) is on the verge of an economic meltdown and if so, there will be repercussions for the entire world financial system.


Major Economic Warning Sign: The Euro Is Heading for Parity With The U.S. Dollar

“Here in the United States, few people are interested in hearing about a “global financial crisis” right at this moment, because in the aftermath of the election most people are feeling great about where things are heading.”

“Hopefully, happy days will stick around for a while.

But they won’t last forever.”

Are We Being Set Up For a Crash?

I hate to rain on everyone’s parade but I believe the answer to this question is yes. The election of Trump has not changed the financial mess we have been creating for the last 8 years or longer. Some have been comparing him to Teddy Roosevelt but his closest comparison may be to Herbert Hoover.


The Shocking Truth About How Barack Obama Was Able to Prop Up the US Economy

I am “Keynesiaphobic” and proud of it!



Let me see…if one Dollar will buy 4,000 Bolivars and if gold is $1200 per ounce then for one ounce of gold you can buy $4,800,000 Bolivars. Socialism is great, lets all move to Venezuela, bring one ounce of gold and we could all be multi-millionaires. Let me see… how many ounces do I need to be a billionaire?

India to Become Cashless Society

The noose tightens.

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