Gold Crash, It's Time to Sell | Hardcore Pawn | Season 10 | Episode 10

With a major drop in the price of gold, the store takes a huge financial hit. It's up to the Golds to sell, sell, sell, and make up for the loss.
Les Gold and his two children, Seth and Ashley, overcome challenges as they run an American pawn shop in Detroit.
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[@Oeybz]

I saw this as an child nice to rewatch it :) Greets from Germany

[@stretchboy377]

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.

[@markcoughlan7703]

Wow someone that has a head😂😂

[@czeshirecat6278]

Exactly

[@0147joker]

So true

[@dianab8008]

His 2 kids Seth and Ashley forget who owns the store. It’s the fathers store and his money. They need to show respect.

[@user-cg9py2nk5o]

There just a bunch of pig's just like the owner

[@tracywestern1983]

They all own it

[@z-jaylan7763]

FAXXX

[@Shi-Pu-Den]

Exactly it means they are liable , not only the dad… welcome to business, more than sentiments

[@emmasmyth7381]

No they all own it

[@NavySeal2k]

He is totally wrong, at a drop it is time to buy gold...

[@StefaniaP880]

He said to sell other items from the pawnshop, not to sell the gold

[@stephenmifs]

agree that he is wrong in saying it is a problem, it is just time to hold on to your gold and buy more

[@The_Stigs_Austrian_cousin]

Wow, these guys must be the masterminds behind the legendary "buy high, sell low" tactic.

[@primepain1831]

😂lmao

[@shootingzen28fav]

I love that 😂! Duck, dive, do something man? 😂

[@alejandropenagalan8653]

Did anyone catch Seth’s face change from unshaved to shaved several times in different frames (2:54)? 😂

[@androshame]

Lmao!!

[@broomrider4699]

What? You think these are filmed in a day?

[@kuntakinte4333]

This is not live?

[@Stoke-Jay94]

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

[@yahiaasiri2748]

even in movies 😂 laziness

[@rawr02009]

He bought the booth for 200 and sold for 325 plus he pays for delivery? What a business save! 🙈

[@4Akin1]

Literally nothing on this show is real

[@busterbiloxi3833]

The delivery locally will not cost much. He made a profit, and you can just shut the hell up.

[@zmileyman]

Lol...the buyer is in Australia

[@nay8991]

😂😂😂 literally fuck all profit. What a waste of time

[@volusize]

Every pound good pound my friend 🧞‍♂️

[@Michael-yd5ry]

Gold goes up and down,but overall it goes up.Keep it long enough,you win.

[@andrew_koala2974]

Actually the GOLD does not go up and down It is the currency that fluctuates against the value of GOLD for example: When the value of the currency DECREASES - one needs MORE of it to buy 1 ounce of GOLD - Thus it appears that the GOLD value has increased. People who do not know - imagine that the currency remains constant and GOLD fluctuates - when in fact the converse is TRUE The GOLD is constant and the currency fluctuates - depending on how much of it is in circulation ( in the world ) For instance - only 40% on average of the USD printed is in circulation in the USA - 60% of it is held by foreign countries. when any of that finds its way back to the USA increasing the amount in circulation - the value of the USD reduces. The principle is simple --- The MORE of something that exist the Less value it has. How much would the value of the Mona Lisa paining be if there were five thousand or even 30 of those paintings. ? Your LIFE would be worth next to nothing if there were 3000 of you in existence on this earth . ONLY because you are some'one' meaning ONE of you in existence that your life has meaning and value. Now you also know what the word some'one' means Some'body' means they are a DEAD entity --- The cemetery is full of BODIES

[@robinelliott-ni2eh]

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.

[@sonjabertels6830]

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.

[@yosi8246]

No one’s reading all that 😂

[@AstrosElectronicsLab]

@@yosi8246 agreed

[@tangatawhenua1477]

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.

[@sonjabertels6830]

@@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.

[@bobstirling6885]

If gold drops one day, hold on to it....don't panic one one day's figures.

[@danube466]

Boss loves his Son making him boss.. its cute.

[@Guds777]

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.

[@SeltiqzOffical]

I love it how the security picks him like a crying child in the store 😂

[@DavidDavid-ip1xf]

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

[@bobstirling6885]

Those kids need to learn a bit of respect and realise who got them the business in the first place...

[@DavidDavid-ip1xf]

@@bobstirling6885 that's what I'm saying id never dare be like that

[@sindrekanestrm1993]

@@bobstirling6885 bro it's scripted

[@alphaomega4968]

"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"

[@AskEndy]

The end comment by Seth 😂

[@AndreiPascu]

Bro really clutched it with the goddamn table

[@omaralghamri6736]

Come to the refund department, it’s right next to the money room 😂😂😂😂😂😂😂😂😂

[@jeromemisa7620]

Anyone notice? 🤣3:52 stay off the drugs kiddos

[@lottonthewizard4352]

He tweaked 👀

[@rishikumar-di4ce]

HE LOVED HER TITIES

[@bigbill74scots]

Now gold is sitting at an all time high. Never sell unless you desperately need to.

[@janilepisto5084]

Fort Knox sold almost all gold also that day. They were lucky to be fast before gold crash even more :)

[@philhenderson3516]

@ 7:41 That's definitely, WITHOUT A DOUBT, the Trunchbull's daughter! My goodness!!

[@plummet3860]

Buy not sell when gold price goes down lol

[@VivekTiwari03]

Crazy these kids tell their dad, who started it all, how to run his shop.

[@balance3201]

😂😂😂😂 gold dropped we lost lol

[@miroslavtomic7038]

If you gave Les an empty room, he would find ways to make profit on it. Guys has a unique negotiating talent.

[@declangaming24]

If you give les a empty shop he would find ways to make profits

[@user-op6eu3tt9j]

I watch all these. I don't know why they argue. Les is mostly right.

[@omaralghamri6736]

Omgaaaaaaaaaad, you can buy this for her birthday 🎉😂😂😮

[@idandf6091]

U really business Man nice family ❤

[@voldeficient]

It seems Les can sell everything, even a Booth !

[@smallsmalls3889]

Like Gold never goes down. Trying to hard to make this episode Dramatic.

[@Ollie-lz5hr]

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

[@flex85]

It's so fake but I can't stop watching it

[@lottonthewizard4352]

It's entertaining that's why

[@danthurman9076]

Go Les go!

[@tapejara1507]

225 bucks for a PS3 "sounds like a good deal" lmao

[@keithdeley7236]

The best acting i have ever seen American tv what absolute crap

[@2010lani]

You just commented on how good the acting is and then berated it in the same sentence.. make up your mind

[@Callabungah]

8:30 That is literally Kermit the Frog's head.

[@polovw89]

"Seth why dont you focus on the store, let me do my stupid things"

[@nexet2010]

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

[@SeltiqzOffical]

Gold you hold no matter how much it drops it comes back

[@hernandez5579]

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.

[@thesausage351]

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.

[@rishikumar-di4ce]

they would be trouble if they won't be able to sell 200 table. LOL

[@GodlikeIridium]

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.

[@specialized29er86]

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%.

[@jonelectronics510]

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......

[@TheRelaxingMusicSince2017]

Pawn stars always on Top

[@iboucel1798]

I am not scared 😅 but just cause Byron is next to me😛

[@David-ev8bb]

Les ain't got a clue 😂😂

[@David-ev8bb]

No expert and les just offers him 90 gs what a cock. This is so fake

[@AstrosElectronicsLab]

Larry, lol

[@badjaeaux]

90 grand for flintstones, that is why I'm backpackin tomo

[@keithhannah1234]

The price of gold has gone up 50% in the last few years. Look it up.

[@CenC-ok2ft]

Bro, hold the gold, it will go backup

[@avielavramson8430]

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🤝

[@user-gx3jd4jw5m]

You make no sense dickhead

[@freakcools]

News : Gold drop 5 % Investor : good i buy more 🤫

[@philhenderson3516]

@ 13:32 You gotta do better for somebody all the way from Tennessee. Responds: I live in New York! LOL!!

[@komiksization]

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.

[@michaela7100]

Nothing on this show is real.

[@maxm04a]

Why is everyone so angry in this store 😂

[@kyle2095]

They live in detroit im not surprised

[@plymouthrock5281]

How can this be season 10 when they only made 9 seasons

[@JrHocosol]

Seth looks like a zombie😅

[@luxaly9510]

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

[@prestonphelps1649]

I used to pick up clovis off the desert floor And he wants 250,000

[@smallsmalls3889]

Does he cry when Gold goes up 5%

[@Prokudak]

Why aren't they wearing yarmulkes?

[@alguthrie4514]

If this was a man slapping a women would everyone find it just as amusing?

[@ryuujitakasu3255]

If rick rippin people off damn this guy is like holding people at gun point 😂

[@androidgamer1350]

Arrow head are rare this two don't know

[@NA-sq1qs]

As if they put there gold jewelry down 5% lol. They still selling at the original price.

[@philippowell4581]

very happy gold has gone down

[@matthewbarrett176]

It's not a big problem add 5% to every item.. problem solved

[@MManel]

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...

[@hanatichy5950]

Don’t ever say how much you made profit when people hear that they will talk.

[@puppydog8977]

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…….

[@NavySeal2k]

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....

[@czeshirecat6278]

Omg. See it as a long term investment ffs

[@pauldesmond3269]

better if he sold when prices went up surely?? jeeeeeez how did he come to own this joint??

[@wildandi]

They under paid for the gold to begin with

[@smallsmalls3889]

Do Seth and Ashley even know what there doing.

[@chrisoconnor8392]

They're

[@busterbiloxi3833]

This makes no sense. The items for sale don't have to be marked down.

[@user-vz9we6xm6s]

God some of the people on this tv series are absolutely crazy wtf 🤷🏻‍♂️ unless they are actors 🤷🏻‍♂️

[@paulrichardson635]

Hey Les, GAGF!

[@Tucktitty]

What is happening right now Ashlee know it all is good business

[@waynehale66]

Sure everyone should be selling every day doh

[@PaigeTganaThompson-ql1mq]

The Native American Indian Artifacts do You have a Curator Certificate.

[@macmccreadie8541]

What revolting relations between the 2 Gold kids...or is it faked up for the show?

[@HanzoZero]

Are all the people in Detroit like these?

[@puppydog8977]

Les it’s time to cut the apron string’s and let your kids make their own way in life

[@BrenBre-up4sn]

Sakiau kad man patinka shakint sikna?

[@paullambert8701]

Why pawn a collection you think is worth half a million for just a quarter? If you have a bit of patience, you can take it to an auction house and get much more for it,

[@thesausage351]

He wasn’t pawning it, he was selling it. If he was close to accepting 90k then he’s probably either bullshitting about his price, which seems likely when the most expensive piece was only worth $13k it seems unlikely he has 250k worth there.

[@mikotrivunovic7226]

how fake do you want to be fights in this show:YES

[@beatdown444]

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

[@GodlikeIridium]

10:40 "That is museum grade artefacts" Possible. Get an expert oppinion. And... How many museum curators come to your pawn shop? 😂

[@davidmellish3295]

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

[@BrianHayter-zl2uc]

Rip off time in the d, go les

[@PhillRobinson]

The mysterious world of Black USA.

[@user-hd9nc7zp1v]

FINALLY. HATE THE PLACE

[@rentoshine2038]

They have no clue how gold works

[@cipher4873]

hi

[@gfsfyfy426]

🎲🎲🎲

[@BrenBre-up4sn]

Nes as maugle is isvaizdos del to , tipo like afrika

[@Rin-tk2qq]

His kids are noisy 🤣.