As a side note, someone asked what the differences are between pawn shops and silver exchanges? Let's understand them directly!

What are the differences between silver exchanges and pawn shops?

Pawn shops offer high-interest rates, short terms (a few months), and low collateral rates (30%-40%). The collateral is mostly easy to liquidate; as soon as the borrower fails to repay, the collateral is immediately disposed of to quickly recoup the money.

Silver exchanges offer low-interest rates, long terms (1-3 years), and high collateral rates (50%-60%). The collateral is mostly hard to liquidate (such as real estate), and because the borrowing period is long, the collateral may also decrease in value at any time. Therefore, silver exchanges do not prefer to dispose of collateral; they hope to continuously collect interest.

Summary: One focuses on disposing of items, while the other focuses on earning interest. #市场回调抄底还是观望？