more women pawn their jewels in tarnished economy - womens gold jewellery sets
NEW YORK (Reuters)-
Pawnshops see more new customers, because Americans, mostly women, pawn their gold jewelry in order to maintain balance of payments.
"There will certainly be more first time to come in," said Joseph Greenberg of Lombard Mutual pawnshops and jewellers.
"There are a lot more women than men, but this is because more women have more jewelry.
On Friday, when the price of gold trading in New York rose to more than $1,000 an ounce, Glenberg said, "it has been going on for a long time.
There is a connection between the market and our customers.
We think this is just the beginning.
"At the New York Provident Fund Lending Association, onefor-
John Higney says his company has long mixed customers with five branches in every block of New York.
From the branches of the luxury Upper East Side, the home of the investment banker, to the Bronx, to the home of the working class, Higney noticed an increase in the number.
"We have some people coming in saying they are working on Wall Street and are out of work," he said . ".
"But one of us bought a $40,000 item online and the people behind them bought a $100 item.
He said he has seen more business since the price of gold hovered around $900 an ounce, and expects "later this year, with more people out of work,
"The forecast for the mutual Lombard Grunberg adds to the business.
"We just saw this in the early days.
There will be more of this.