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Published 1 month ago

Argentines pawn family jewels to make ends meet

Summary by Inquirer
BUENOS AIRES — In Argentina’s strangled economy, one sector is thriving: the pawn shops buying up gold and other family treasures that many are forced to sell to pay their bills. “When you are drowning in debt, sentimentality falls to the side,” said Mariana, 63, who went to a hub of gold dealerships in Buenos Aires to sell a watch her grandfather gave her father as a graduation present. Inflation of around 270 percent year-on-year has gnawed aw…

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