To me the most profitable business in the Philippines right now is “pawnshop!” You know why? because whenever inflation increases value of your money invested on those jewelries increases… and to me its a no loss business after all, discounting the fake gold/jewelries you get, of course its normal for you to be tested by con artists for those and you will learn from it. After all with all those money invested in your vault discounting the losses at the end of the year you can still call it a GAIN. Of course you don’t want to loss money, so you have to do well with your appraisal and judgement, and maybe iinvest on a Densitometer.
Usually pawnshop business peaks every December for christmas and new year, january when students start to go back to school, Planting Season when farmers need money to buy seeds, fertilizers, etc. March-for the graduation day, and June during enrollment time. During these time people need easy access to cash thats why they need to pawn their gold.
With my experience as an appraiser, vault keeper, and personnel. I can say its a very profitable business in any times. Whether in bull or bear.
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