The power of flip flops and lobbyists

So I just added a new post and I forgot to mention about the flip flop spa progress……..My Wife and I went and did a launch of her product at a 3 day New York Show and it went extremely well. Her product is very innovative, quite possibly so much that it will have serious implications to shoe manufacturing around the world. Her product was very noticed, by major retailers and shoe manufacturers. Inquiries were coming in like margin calls at an exchange. I think some really good things are happening as we speak. We expect to launch the product internationally in the coming months.

We also leased a showroom on Broadway in NYC while we happened to be there. There is no better city for her to work on expanding her line. New York is still the go to city for fashion products. I plan to put a lot of my time into this project as it is almost endless in expansion and has an amazing vertical in almost every way you look at it.

I love Gold & Diamonds and all, but another big change to that industry has taken place. The State of CT. Legislature has just passed new law, which will take effect in October, that will require dealers to hold anything they buy for a period of 10 days. I hated this law as it was being written. I did what I could to try and stop it. At the end of the day, paying lobbyists worked for Pawnbrokers. Expect to see a Pawn Shop on every corner in CT. in the coming years. The state was trying to find a way to curb burglaries, instead they just increased the amount by 10 fold.

This new legislation only gives pawnbrokers more ammo against consumers. If the tables weren’t tipped enough already. So, basically, instead of getting screwed every time you walk into  a Pawn Shop, you are now going to get F#ck!d every time you go into a pawn shop. You are going to get hit with service charges, late fees, worse attitudes, and storage fees.

Another thing this will certainly do is force legitimately high paying buyers to lower their payout rates. How could someone buy a commodity that has a 10 day closing? You have to predict or SPECULATE the market in 10 days. Let me tell you how that goes, as a business decision, you will have to always predict short! You will have to assume that there is likely going to be a 2% drop per day on at least 3 of 5 business days in a volatile market. That equates to a 12% drop in 10 days. That is playing it safe in my opinion and no reasonable market analyst could argue that that is not a likely scenario.

Thank you local representatives and legislature for making that a reality. It is no wonder that at the capitol, lobbyists have reserved parking spaces. Lawmakers have no clue which way is up. They pass laws that will never work. So the funny part is, that the Police do not even have the resources to check the stuff held for 10 days. In the end, the consumer loses money, and with now having about 1000 pawn shops to watch over, they never have a chance at finding the stolen merchandise they are looking for. So homeowners, you better REALLY get a security deposit box and get your valuables in a really safe place because trust what I tell you, home burglaries will go up by 30% within a year from the new laws taking effect on October 1st.

I still expect to be in business, and have a plan to maintain our high payout prices. There will be some major changes, but you will still be able to get 80% or higher of the metals value. I’ll be announcing the strategy as we get closer to October. Until then, it is a TRADE SECRET.

Another good piece of news, CT GOLD BUYERS and CONNECTICUT GOLD BUYERS are now trademarked, so WATCH OUT to those that have been infringing on my trademarks for the past 3 years, my Legal Team is coming!!! I suggest if you as much as use CT GOLD BUYERS in as much as a domain name, you go secure an attorney because you are going to need it.

Now, MORE NEWS!!! You may have noticed a lot of changes to my staff. Unfortunately, this is par for the course. It takes time to realize if someone can be responsible and trusted to run this type of business. I will be appointing James Hart as Operations Manager and bringing in to new Customer Service Representatives in about 2 weeks. In the meantime, I will be back full time for the next 2-3 weeks.

Look for our GRAND OPENING of flip flop Spa @ 1385 Broadway, 4th Floor, New York, NY, 10018 in the next few weeks and come down to the city. Our showroom is in the fashion district and is located amongst 25 other amazing shoe designers. You can come down for the Open Market on Wednesdays, open to the public, and check out new styles and buy direct from manufacturers. There are some very beautiful shoes and very innovative styles. It’s only 2 blocks away from times square on Broadway. Hope to see you there. Check back here for the official date!


About CT Gold Buyer
Owner of CT Gold Buyers in Wallingford, CT. and USA Gold Refiners.....

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