Invest in Pawn (gold)?

On 19th September 2025 I wrote a blog article 'Is Pawn good for you?'.

In that article I suggested that we take a look at FirstCash FCFS and Ramsdens RFX.

Since then Ramsdens has gone from 350p to 440p (25%) and FCFS has gone from $146 to $172 (17%).

The value of gold is still climbing and pawn shops always do well in times of recession.

Ramsdens (AIM market) has gone up 20% in the last month and seems to be climbing this week too. I had been waiting to buy RFX on a dip, but as this has not happened, I have now bought £700 before it reaches its peak (the order was for £1000 but T212 only bought £700 and I cancelled the 2nd order for £300 after 3 hours as the price went up 2%!).

I fear these shares may be reaching their peak and that I am buying this a bit too late, but even if I need to hold for a few years it should gain 50%.

For Silver, I am keen on SILG ETF which has gone up 60% in 3 months but I have other silver holdings too which have shown 40% gain in 3 months!