Gold doesn't really crash.. it might dip for a month or so but it always ends up worth more. Its a limited resource that gets used in nearly all pieces of tech and its hard to recycle back from the tech aswell as other uses which give it value. If a pawn shop says the price of gold has "crashed" so they can't offer you much without telling you to sit on it and come back in a couple weeks they're probably trying to f you over. The guy I used to sell scrap gold to would always give me the average price of the last few months, where as other buyers would cut the price they will pay by big amounts depending on the price that day. Gold is highly controlled, even if someone started mining solid gold asteroids the price would drop very slowly over many decades as the entity getting the gold wouldn't want to crash the market making their asteroid mining venture worthless. Basically all of the people, governments and companies that are able to crash the price of gold are invested in not crashing the price of gold which would only happen by flooding the market with lots of cheap gold.... it ain't gonna happen.
They ripping people off they pay 200 dollars for a gold/diamond ring and they sell it for 1000 dollars that is a 500% mark up so the 5% won't affect them in the slightest the way they rip off the poor people desperate for money.Espessialy detroit lots of desperate poor people.
I instantly thought why is he over reacting and doesn't gold rise and fall all the time? I have zero experience in gold aside from wearing it but even I an idiot on the subject thought this has to be an over reaction.
@@tangatawhenua1477 they give customers who want to sell their items virtually nothing for the gold example they offer you 250 dollars for a gold diamond ring and then they sell it for 1000 dollars so when the gold prices drop that doesn't affect them the slightest with their profit margin and gold prices go up and down all the time so I don't know how he can say the shop is in trouble as they rip people of buying gold people who are poor and desperate for money they are a bunch of money greedy people it is disgusting to watch of what they pay people for items and what they sell it for I would really like to know that lady who came in with loose stones of her grandma most were glass but one stone was a very good quality big red ruby they offered her ten thousand dollars and it was probably worth much more she should of gone somewere else to have it valued but she din't and sold it to them the size of the ruby and the clarity it was probably worth 50.000 dollars the ripped off this lady big time as I know a little bit about stones with value.
Its how you know the show is fake, LIke it isnt obvious from previous episodes, But someone who has been in the business for over 30 years would know gold increases and drops on a daily basis and that in the long run the gold would go back up
That’s actually hilarious 😂😂. That’s just pure lazy editing, this day and age there really isn’t any excuse for these ridiculous mistakes. It happens I’m so many shows it’s actually quite ridiculous
Ok the price of gold , were down 5% , the pawn offered 250$ instead of 300$ witch is paying less - 16% , Cutting 5 % less like the gold down , the fair price would be 285 $ Now i start understand , why some people say , they win with ups and also with downs ahahah , the customer was rude , but she also ear about the price went sown , she choulded say only , No thank you ! ahahah...
Ashley & Seth have no clue about certain products and it makes them look really really bad when they do this. Those arrow heads were probably worth the money that guy was asking. Maybe learn a bit from Rick at “Pawn Stars”. Rick’s inventory is of a MUCH MUCH higher standards and they are actually educated in stuff that comes in unlike this family does…
Ashley is the most disrespectful human being in the world the way she talked about those native american artefacts proves she shouldnt be in the business if this was pawn stars i reckon even they would offer more
6:30 she normally gets 300 on pawn with the gold but because of a 5% dip in gold they offered way less, at that rate she should have been offered 285. not 250!
2:30 That's not how you run a business 😂 Nor trear your employees. Besides the gold price being pretty stable and that drop settling up again. Such panic fluctuations can happen but usually quickly settle to the normal value again.
When I was a young man I lived in Jerusalem . I was a candy striper in the the French Hospital hostel where Jews, Christians, and Muslims came to die when all the medical procedures were exhausted. just across from the Old City. There was a wealthy Jew who was in the last stages of stage 4 cancer. This Jew named Joseph had built a successful business in Israel and had about 50 employees. When he was just days away from dying he invited all his old employes to come to the hospital. Very touching as he gave his company to his employees to be shared equally. He died the next morning while I was aspirating him . The tube I had push down his throat to aspirate the phlegm accidently broke through his esophagus and the shock hilled him. His family was there with him. After his body was washed and wrapped his corps was taken away to be buried. A few days later the head of the hospital called me in to her office . She was there with one of Joseph's'' family . I feared the worse. Instead the family representative was there to thank me for my service. I was given 50 shekels and told they did not hold me responsible for his death. Joseph was the spitting image of Les.
For an investors it’s not that big of a deal but I imagine most of their sales and profit margins are from selling jewellery a lot of it gold so they would have to adjust their prices accordingly bringing their profit margin down even if it’s for one day
such a non-issue. if the price of gold dropped 5%, hell yeah they should be selling other stuff. because they should be putting that all back into gold asap, it'll be up 6% tomorrow!
Exactly gold is an international currency that can never be eradicated. That’s why every country strives for gold bullion reserves in the treasury’s if the government sell it then the times to worry
I mean she was kind of right there, for a loan that's originally $300 she should've gotten $285 after that 5% drop, so she was definitely getting low balled there.
There’s a lot more to consider when you make an offer though. Is the piece nice, or if she doesn’t get it, is it only scrap? Does she have a good history? Does she let a lot of loans go? Does she have a lot of other gold on loan? Did the office take in a lot of other gold today? Plenty to consider. The drop in gold price realistically shouldn’t have affected the loan price given, because if gold is selling for say $500 an ounce, you’re only loaning at less than 50% that amount, so you can still loan the original amount, but most likely all staff has been told to loan less on gold.
It is so funny when a customers comes up to Les, tries to sell or buy something, gets angry and then starts asking for a manager. I mean... Seriously? Sure, not all customers have to know Les is the owner, especially those from out of Detroit and those potentially not familiar with the show, but I think that by the way Les look and dresses it is way too obvious that he is at least manager if not much more.
9.33 Some dude comes in with `a fab collection of indigenous artefacts` worth 250k and wants to sell them at HALF PRICE ???? Do I need to say any more ???
funny how they can actually show people buying shit instead of the terrible paid actors they have to come in and make a stupid scene. thank god for youtube now where we can just skip the shit
How come Rick on Pwn Stars needs to call in 1000s of experts and Les just throws out figures and hopes they stick? Especially since $90k is a rarity in this dollar 99 store on this show xD
Instead of bitching about gold dropping they should have really capitalised on the opportunity and bought a load of it while it was cheap,sat on it for a while then sold it when the price went back up. It's gold,it will always hold it's value in the long run,stock market and companies can crash,paper money can become worthless like it did in Germany years ago when they were carrying it around in wheelbarrows and people would steal the wheelbarrows and leave the cash,but gold will always be valuable. It has for the last 2000 years anyway
Seth and Ashley got schooled by Les.Actually Les could have sold that at 400$ and the lady would have bought it.Les really knows about antiques.But he should have not gone down below 400$ on that set.
So lets recapitulate. He has a metric fuckton of gold. He lost 5% value on said gold. He said we need to sell more. He then sold over the lost value more on one day? Sure, get better writers....
This is so fake nobody who invests in gold has a meltdown over 5% I have been investing in gold and silver for years and everyone knows it always ends up higher.
tbh. he saying the money comes from buying and selling... not really... if u pawn stuff for way less what its worth u make more... either it gets paid out or it goes into property of the pawn shop... gold worth 5000$ with a pawn of 2500$ on it cause someone needed quick cash and still might wanna get the gold back^^ if he doesnt pay the fees and is overdue by a given time it changes ownership and the shop got gold for a steal :D + the fees that where paid
One thing about business always ask a person that's been through it. then an experthe A person that been through it and know better than an expert. that never been through it . Leslie gold Ben through it . and he will double his money. I've been through it. I love my people🤝
ashley, if you aren’t scared & staunched up to the lady in the blue singlet, why didn’t you go outside when she offered you out ? ahhhh that’s right, you only yap yap & yap only because of the security being around. honestly waiting for the day I see a video on social media about a female customer knocking some sense into you 😂✅
Wow, these guys must be the masterminds behind the legendary "buy high, sell low" tactic.
😂lmao
I saw this as an child nice to rewatch it :)
Greets from Germany
DMAX haha
His 2 kids Seth and Ashley forget who owns the store. It’s the fathers store and his money. They need to show respect.
There just a bunch of pig's just like the owner
They all own it
FAXXX
Exactly it means they are liable , not only the dad… welcome to business, more than sentiments
No they all own it
Gold doesn't really crash.. it might dip for a month or so but it always ends up worth more. Its a limited resource that gets used in nearly all pieces of tech and its hard to recycle back from the tech aswell as other uses which give it value. If a pawn shop says the price of gold has "crashed" so they can't offer you much without telling you to sit on it and come back in a couple weeks they're probably trying to f you over. The guy I used to sell scrap gold to would always give me the average price of the last few months, where as other buyers would cut the price they will pay by big amounts depending on the price that day. Gold is highly controlled, even if someone started mining solid gold asteroids the price would drop very slowly over many decades as the entity getting the gold wouldn't want to crash the market making their asteroid mining venture worthless. Basically all of the people, governments and companies that are able to crash the price of gold are invested in not crashing the price of gold which would only happen by flooding the market with lots of cheap gold.... it ain't gonna happen.
They ripping people off they pay 200 dollars for a gold/diamond ring and they sell it for 1000 dollars that is a 500% mark up so the 5% won't affect them in the slightest the way they rip off the poor people desperate for money.Espessialy detroit lots of desperate poor people.
No one’s reading all that 😂
@@yosi8246 agreed
I instantly thought why is he over reacting and doesn't gold rise and fall all the time? I have zero experience in gold aside from wearing it but even I an idiot on the subject thought this has to be an over reaction.
@@tangatawhenua1477 they give customers who want to sell their items virtually nothing for the gold example they offer you 250 dollars for a gold diamond ring and then they sell it for 1000 dollars so when the gold prices drop that doesn't affect them the slightest with their profit margin and gold prices go up and down all the time so I don't know how he can say the shop is in trouble as they rip people of buying gold people who are poor and desperate for money they are a bunch of money greedy people it is disgusting to watch of what they pay people for items and what they sell it for I would really like to know that lady who came in with loose stones of her grandma most were glass but one stone was a very good quality big red ruby they offered her ten thousand dollars and it was probably worth much more she should of gone somewere else to have it valued but she din't and sold it to them the size of the ruby and the clarity it was probably worth 50.000 dollars the ripped off this lady big time as I know a little bit about stones with value.
I love that 😂!
Duck, dive, do something man? 😂
It is fake,all actors
This is so funny, they had not crystallised the loss and in fact they should have seen it as an opportunity to buy more gold.
Wow someone that has a head😂😂
Exactly
So true
If gold drops one day, hold on to it....don't panic one one day's figures.
they lose only when they sell. all the gold lying around is not involved.
7:30 Miss Trunchbull needs to chill 😂
He bought the booth for 200 and sold for 325 plus he pays for delivery? What a business save! 🙈
Literally nothing on this show is real
The delivery locally will not cost much. He made a profit, and you can just shut the hell up.
Lol...the buyer is in Australia
😂😂😂 literally fuck all profit. What a waste of time
Every pound good pound my friend 🧞♂️
He is totally wrong, at a drop it is time to buy gold...
He said to sell other items from the pawnshop, not to sell the gold
agree that he is wrong in saying it is a problem, it is just time to hold on to your gold and buy more
He was worried about re-sell profit margins.
Its how you know the show is fake, LIke it isnt obvious from previous episodes, But someone who has been in the business for over 30 years would know gold increases and drops on a daily basis and that in the long run the gold would go back up
The object in a shop is to sell sell sell 😂😂😂, just for today only though, tomorrow no need to sell 😂😂😂
i watch this show every day . well cool ....
"Get your staff together, tell them the object of today is sell sell sell"
"But we're a pawn shop... that's what I tell them everyday"
"You're fired"
If my dad ran a company and gave me the life they have I'd never ever dare tell him how to run his ship
Those kids need to learn a bit of respect and realise who got them the business in the first place...
@@bobstirling6885 that's what I'm saying id never dare be like that
@@bobstirling6885 bro it's scripted
Anyone notice? 🤣3:52 stay off the drugs kiddos
He tweaked 👀
HE LOVED HER TITIES
Did anyone catch Seth’s face change from unshaved to shaved several times in different frames (2:54)? 😂
Lmao!!
What? You think these are filmed in a day?
This is not live?
That’s actually hilarious 😂😂.
That’s just pure lazy editing, this day and age there really isn’t any excuse for these ridiculous mistakes. It happens I’m so many shows it’s actually quite ridiculous
even in movies 😂 laziness
The most expensive arrow head was sold for 276,000 dollars so it could have made them money. But most of them are just 15 to 30.
Come to the refund department, it’s right next to the money room 😂😂😂😂😂😂😂😂😂
Gold goes up and down,but overall it goes up.Keep it long enough,you win.
@andrew_koala2974 I want to have whatever it is that you are smoking.
I love it how the security picks him like a crying child in the store 😂
@ 7:41 That's definitely, WITHOUT A DOUBT, the Trunchbull's daughter! My goodness!!
I love Les Gold and how he keeps a poker face when doing a deal . he is a shrewd and smart operator indeed. Love this show !!
It's so fake but I can't stop watching it
It's entertaining that's why
lol me too
Ok the price of gold , were down 5% , the pawn offered 250$ instead of 300$ witch is paying less - 16% , Cutting 5 % less like the gold down , the fair price would be 285 $
Now i start understand , why some people say , they win with ups and also with downs
ahahah , the customer was rude , but she also ear about the price went sown , she choulded say only , No thank you ! ahahah...
Ashley is like the ultimate Karen
1:09 Tony Hawks Pro Skater 2 has entered the Building
8:00 wow that ps3 for $225 is expensive u can usually get them around $100...
Boss loves his Son making him boss.. its cute.
Ashley & Seth have no clue about certain products and it makes them look really really bad when they do this. Those arrow heads were probably worth the money that guy was asking. Maybe learn a bit from Rick at “Pawn Stars”. Rick’s inventory is of a MUCH MUCH higher standards and they are actually educated in stuff that comes in unlike this family does…
I watch all these. I don't know why they argue. Les is mostly right.
Ashley is the most disrespectful human being in the world the way she talked about those native american artefacts proves she shouldnt be in the business if this was pawn stars i reckon even they would offer more
Bro really clutched it with the goddamn table
8:30
That is literally Kermit the Frog's head.
They should be in a museum
😂😂😂😂 gold dropped we lost lol
The end comment by Seth 😂
6:30 she normally gets 300 on pawn with the gold but because of a 5% dip in gold they offered way less, at that rate she should have been offered 285. not 250!
What limit amount differ between business value & else value🤔
2:30 That's not how you run a business 😂 Nor trear your employees. Besides the gold price being pretty stable and that drop settling up again. Such panic fluctuations can happen but usually quickly settle to the normal value again.
He does understand the 5% loss only comes at point of sale......if you hold gold as stock you havent realised any loss at all......
In reality the talk about GOLD went like this. Gold went down by 5% Today, BUY BUY BUY.
Buy not sell when gold price goes down lol
When I was a young man I lived in Jerusalem . I was a candy striper in the the French Hospital hostel where Jews, Christians, and Muslims came to die when all the medical procedures were exhausted. just across from the Old City. There was a wealthy Jew who was in the last stages of stage 4 cancer. This Jew named Joseph had built a successful business in Israel and had about 50 employees. When he was just days away from dying he invited all his old employes to come to the hospital. Very touching as he gave his company to his employees to be shared equally. He died the next morning while I was aspirating him . The tube I had push down his throat to aspirate the phlegm accidently broke through his esophagus and the shock hilled him. His family was there with him. After his body was washed and wrapped his corps was taken away to be buried. A few days later the head of the hospital called me in to her office . She was there with one of Joseph's'' family . I feared the worse. Instead the family representative was there to thank me for my service. I was given 50 shekels and told they did not hold me responsible for his death. Joseph was the spitting image of Les.
Crazy these kids tell their dad, who started it all, how to run his shop.
The finest people of america😂😂
@ 13:32 You gotta do better for somebody all the way from Tennessee. Responds: I live in New York! LOL!!
Omgaaaaaaaaaad, you can buy this for her birthday 🎉😂😂😮
Why aren't they wearing yarmulkes?
Can't believe the attitude of some of the customers
Like Gold never goes down. Trying to hard to make this episode Dramatic.
For an investors it’s not that big of a deal but I imagine most of their sales and profit margins are from selling jewellery a lot of it gold so they would have to adjust their prices accordingly bringing their profit margin down even if it’s for one day
such a non-issue. if the price of gold dropped 5%, hell yeah they should be selling other stuff. because they should be putting that all back into gold asap, it'll be up 6% tomorrow!
Ashley is always criticising her da, but Les is always on the ball.
Gold you hold no matter how much it drops it comes back
Now gold is sitting at an all time high. Never sell unless you desperately need to.
Those 2 are ignorants, poor Les. The museum pieces are even more valuable everyday
It seems Les can sell everything, even a Booth !
gold is relative. If it is up that is great but if it is down that means a buying opportunity
They've ripped everyone and there dog off and there worried about 5% drop in gold but in a week it'll probably increase by 10%.
"Seth why dont you focus on the store, let me do my stupid things"
U really business Man nice family ❤
Go Les go!
You lose money on solid investment like gold when you panic, don’t freak out, sale when the price is up, buy when it’s down, that’s how you make money
Exactly gold is an international currency that can never be eradicated. That’s why every country strives for gold bullion reserves in the treasury’s if the government sell it then the times to worry
I mean she was kind of right there, for a loan that's originally $300 she should've gotten $285 after that 5% drop, so she was definitely getting low balled there.
There’s a lot more to consider when you make an offer though. Is the piece nice, or if she doesn’t get it, is it only scrap? Does she have a good history? Does she let a lot of loans go? Does she have a lot of other gold on loan? Did the office take in a lot of other gold today?
Plenty to consider. The drop in gold price realistically shouldn’t have affected the loan price given, because if gold is selling for say $500 an ounce, you’re only loaning at less than 50% that amount, so you can still loan the original amount, but most likely all staff has been told to loan less on gold.
If you gave Les an empty room, he would find ways to make profit on it. Guys has a unique negotiating talent.
If you give les a empty shop he would find ways to make profits
@@declangaming24 Of course, since EVERYTHING is for sale. That's how pawn shops work.
It is so funny when a customers comes up to Les, tries to sell or buy something, gets angry and then starts asking for a manager. I mean... Seriously? Sure, not all customers have to know Les is the owner, especially those from out of Detroit and those potentially not familiar with the show, but I think that by the way Les look and dresses it is way too obvious that he is at least manager if not much more.
225 bucks for a PS3
"sounds like a good deal" lmao
9.33 Some dude comes in with `a fab collection of indigenous artefacts` worth 250k and wants to sell them at HALF PRICE ????
Do I need to say any more ???
Gold drops by 5% but they probably only paid 40c on the Dollar.
I am not scared 😅 but just cause Byron is next to me😛
Do Seth and Ashley even know what there doing.
They're
How can this be season 10 when they only made 9 seasons
Les ain't got a clue 😂😂
No expert and les just offers him 90 gs what a cock. This is so fake
You only lose when you sell. Either double down or sit tight.
Pawn stars always on Top
The price of gold has gone up 50% in the last few years. Look it up.
These types of people never lose money period.
They simply jack the prices and predate like parasites on their customers.
FINALLY. HATE THE PLACE
they would be trouble if they won't be able to sell 200 table. LOL
funny how they can actually show people buying shit instead of the terrible paid actors they have to come in and make a stupid scene. thank god for youtube now where we can just skip the shit
How come Rick on Pwn Stars needs to call in 1000s of experts and Les just throws out figures and hopes they stick? Especially since $90k is a rarity in this dollar 99 store on this show xD
Instead of bitching about gold dropping they should have really capitalised on the opportunity and bought a load of it while it was cheap,sat on it for a while then sold it when the price went back up. It's gold,it will always hold it's value in the long run,stock market and companies can crash,paper money can become worthless like it did in Germany years ago when they were carrying it around in wheelbarrows and people would steal the wheelbarrows and leave the cash,but gold will always be valuable. It has for the last 2000 years anyway
Why is everyone so angry in this store 😂
They live in detroit im not surprised
News : Gold drop 5 %
Investor : good i buy more 🤫
Seth and Ashley got schooled by Les.Actually Les could have sold that at 400$ and the lady would have bought it.Les really knows about antiques.But he should have not gone down below 400$ on that set.
Nothing on this show is real.
The mysterious world of Black USA.
Bro, hold the gold, it will go backup
So lets recapitulate. He has a metric fuckton of gold. He lost 5% value on said gold. He said we need to sell more. He then sold over the lost value more on one day? Sure, get better writers....
10:40 "That is museum grade artefacts" Possible. Get an expert oppinion. And... How many museum curators come to your pawn shop? 😂
This is a very bad marketing for Detroit, I hope not all people are like this
They under paid for the gold to begin with
It's not a big problem add 5% to every item.. problem solved
This is so fake nobody who invests in gold has a meltdown over 5% I have been investing in gold and silver for years and everyone knows it always ends up higher.
I don't know much about it but I definitely thought so too. Always goes up.
Seth looks like a zombie😅
90 grand for flintstones, that is why I'm backpackin tomo
hope you find more than just flint. might find something thats worth as much as what this guy has
@@Hugh.G.Rectionx in the riverbank, hope to find a rare stone or a nugget, or an emerald
If Seth and Ashley put as much effort into actually working as they do into bickering like toddler’s the store would run a lot smoother…….
Does he cry when Gold goes up 5%
tbh. he saying the money comes from buying and selling... not really... if u pawn stuff for way less what its worth u make more... either it gets paid out or it goes into property of the pawn shop... gold worth 5000$ with a pawn of 2500$ on it cause someone needed quick cash and still might wanna get the gold back^^ if he doesnt pay the fees and is overdue by a given time it changes ownership and the shop got gold for a steal :D + the fees that where paid
One thing about business always ask a person that's been through it. then an experthe A person that been through it and know better than an expert. that never been through it . Leslie gold Ben through it . and he will double his money. I've been through it. I love my people🤝
You make no sense dickhead
Don’t ever say how much you made profit when people hear that they will talk.
ashley, if you aren’t scared & staunched up to the lady in the blue singlet, why didn’t you go outside when she offered you out ?
ahhhh that’s right, you only yap yap & yap only because of the security being around.
honestly waiting for the day I see a video on social media about a female customer knocking some sense into you 😂✅