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-- Hi good morning -- -- -- -- thank you for joining us in this half hour on foxnews.com.
Up first up Robbie -- is joining us from money -- pawn and jewelry.
-- welcome to yourself.
Thank you are pretty that you have been good to see you.
I am so I've been reading some notes on your company and when the US hit a recession in 2008.
Basically used some business bikes only people that -- salvage Hillary like the home.
Think -- to bring in some needed money and you didn't quite know how to handle that.
Uptick in business what exactly did -- do at that -- Well -- -- -- at that point you know we definitely had to implement a lot of new training in.
You probably haven't been immoral or stores or stores were upscale pawnshops and you know cater to the lowest of the low about -- Obviously that in the recession and the gold prices going up you have business has been very brisk and or services -- -- Needed more than ever -- And I want to talk about that sorry for drafting a little bit more you say your services are needed now more than ever.
On the would that be because you know a lot of people out there without access to have traditional banking are.
Almost using the idea of -- -- -- as an ATM.
You know the banking industry pretty much show off.
There's -- would small short term loans and we're one of the few viable all resources to -- Help people you know get through to a play day or you know get through -- You know how to play their water bill.
And our power just uptick in new customers in the last two years alone his saw increased about 3035%.
And -- brand -- customers who have never used phone just before.
Have you decided to start franchise thing as a way to further your expansion and and if so what are the goals going forward.
Yeah we we started about six years ago on the franchise -- Simply isn't as a way to you know get a number of stores.
You know the quickest possible and now turned out to be a really good alternative force would had a lot to lots of interest in the French Iran's -- -- We actually have -- other locations now going in the southeast and we have about twelve more in the work for a man.
Yeah and I'm reading of the I'm reading here -- your goal -- have about fifteen within the next few years.
Yeah yeah that's our goal about who you know fifteen units a year -- -- -- -- And right now we're actually you know above par would you know selling the French I've been working out really well get a lot of interest stuff from the corporate world.
People in banking and finance that you know you know how corporate loyalty is the day is lot of -- gas.
Have 4030 -- experience and now find themselves work here and you know bush and I got to work 1015 more years you a lot of reform bill or government from -- -- your customer has changed especially in recent years and about.
-- -- They got -- you know.
I guess -- you would have -- is back in the day can't -- thing for a year ago or plan tales about -- -- percent blue collar.
And now it's probably more art AD pointing 80% blue collar -- -- like -- before that are using -- A sad commentary -- -- job market and our economy.
On the east of the gold prices helping you out we did see -- -- I think for the past dozen years gold prices have risen every year except for 2013.
They're down 24%.
So far this year -- -- has -- dollars still.
-- argued that you can still get a lot for selling gold items that people are still doing it despite the downturn.
Yeah yeah you know where we're still buying a good bit not quite as much as we -- the last couple years obviously.
I'd like a lot of people that had -- order so that when -- was fishing and I think our goals and elves and which would probably good movement we horse we're still sling for out of their comfort.
And it would have still learn that's how hot metal.
Other other medals.
Still were in platinum you know which we see some of that stuff going engine plant where the -- to.
You know actually running -- the -- is -- there are we're having a lot of demand for people warning box over and go I'm not -- former going form that are -- you know I can running out of stock market or whatever and investing in physical.
-- -- -- -- Say it out anyway he -- or whatever as if it's no big deal -- it's a huge deal because America's confidence in stocks and as we are pushing closer to record territory today.
-- markets on fire a lot of people making money in stocks.
We're also looking at everything the gridlock in congress in Washington DC.
And a lot of people are probably saying you know lot.
Gold or or palladium that's -- physical commodity that's -- on safer but by that so it's a huge deal.
If people are taking my candidate stock portfolios and Feingold from -- Yeah yeah in markets like we get calls every day they forming of you know go looking over and over bullion.
And you know which reduce Lil I don't know.
But it's the demand for her athletic you know people are still in the market but I think -- -- If we're diversifying a portfolio are against you and I won't sound -- and actually holding Marion.
It's that the commentary on times these days if you look at the pop culture.
I idea lately you know you got these reality shows like -- stars that are just so popular.
On the mad that brought attention to your field.
Reality T had -- Absolutely absolutely.
Pop star is one of -- probably best -- -- happened to our industry in awhile.
You know and it gives people realize that you know polish off which about 80% of -- -- you know still consider -- -- -- in about 13% are.
Publicly publicly traded companies and we kind of you know which.
Ball in the middle there but.
Yeah I hit it it really has helped the industry and -- and it's accountable people now are more curious about.
Our -- and how -- work in -- -- Colombo was business in the world.
And it brings a new life to this to the store to the business.
But if it has it has helped definitely.
Even doing this for three decades so as our final wrap up here can -- share -- to craziest story.
They've never been involved in with a customer China.
Sell or buy something I don't I don't know something crazy that you'll never forget.
At that yet.
Actually have quite a few -- you can only slightly homeland but.
I guess more of a -- I guess more on the wounds.
Here within the last year felt that I can really remember that you'd is.
And -- over elderly gentleman coming in and pullout is false teeth and -- -- older woman -- wanted to get alone -- but at the all that we didn't -- command but you know I actually loan.
Yeah that was -- or mark or.
Apparently didn't have rubber gloves back.
-- look these are making it -- another one.
-- actually -- -- come in.
-- Actually have to might bring -- are actually over in long -- That still have the issues hit it and it.
It's earlier we didn't think that when they either.
It -- say he's so much for entertaining as -- win this CEO of money miser -- and Hillary.
Locations in Georgia Alabama and Florida and more to come thinking so much.
Thank you lower your area okay if -- -- I'm just about alive during that segment people are getting out of stocks -- -- green to gold from pawnshops.
And -- business is now 20% white collar as blustery lays off then other assets of the economy weekend we do have a changing landscape look at that.
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