The picture above shows some of my jewelry as well as Richard's. These jewelry items were ones we selected for pawning.
This is not the first time Richard and I have gone to the pawn shop. The first time we went there, we were not sure how things worked. Richard asked the pawn shop owner some questions in the beginning, and in the end he pawned his only gold bracelet. He obtained an amazing value of $2,350 for his gold bracelet (916 gold) -- scorpion design. In return, he needs to pay a monthly interest amount of $23.50. So in other words, a pawn shop acts like a loan shop. The gold bracelet or jewelry acts as the collateral.
Richard has lots of debts, and credit card loans have very high interest rates, so a pawn shop is just another place to get loans at lower interest rates. Now that we know something about pawn shops, we went back again. This time we brought more jewelry (as shown in the picture above). There are a total of 11 items in the picture (for pawn). Among the jewelry items were Richard's gold necklace and golden cross pendent. The golden cross pendent was a gift from me to him. The golden cross was blessed by the priest and I was reluctant to pawn it. However, we needed money to pay for our housing loan.
The golden cross was purchased more than a decade ago. Now you can see the sideways cross necklace
! You can see another example of a sideways cross necklace
at Jewelry Megastore. Jewelry Megastore sells a variety of jewelry -- white gold, gold, platinum, sterling silver, palladium, plated brass and gemstone products.
I digress for a moment, but did you know that there is something called pink gold? I have not visited any of the jewelry stores for the past year or so, and the last time I had visited one was perhaps in 2011. I had bought a pair of gold earrings at that time, and I was surprised to see the new jewelry designs -- especially the pink gold sideways cross necklace - wow! If you are like me, and rarely have time to go out shopping, then visit the site
and take in some of the new items available that way.
Even though Richard pawned his only gold chain, Jewelry Megastore sells gold chains for men
at reasonable prices. With his birthday being three months from now, is buying jewelry for him a good idea? I need to ponder this one for awhile.
One thing that's good about Jewelry Megastore, is that you can shop according to your budget. For example, for me, my budget is less than $50 and I just need to click on that and I was shown 215 products which mainly included bracelets. About 20 years ago when I bought the gold chain and pendant for Richard, I paid less than $300. Now the gold chain and pendant have increased in value. The rest of the items which I pawned were baby shower gifts.
So you can see that it is a very good investment to give gold products as gifts to friends or family. Just like I had told Richard, if my relatives had given me cash several years back, I would have spend all the money with nothing to show for it now. However, they had given me jewelry (gold), and gold is indeed a very good asset to have!
Labels: baby shower gifts, birthday gifts, buy jewelry, gold chain, golden cross, pawn gold, sideways cross