Nyman Jewelers

Jan 10, 2025 | instoremag.com | Jennifer Heebner |Sue Parker |Nyman Jewelers |Tim Wright

FOR A LONG TIME, signs promoting ‘Cash for Gold’ were synonymous with pawn shops, but that changed during the Great Recession of 2007–2009. That was an unprecedented time in American history and was challenging to many jewelers, whose sales plummeted. As a result, buying gold over the counter took root as a revenue source. Today, inflation, a contentious U.S. election and two wars have led to high gold prices yet again.