Another sign the apocalypse is upon us—Mrs. L’s friends are attending Gold Parties

Longacre

In another thread, an excessively prominent member of these boards mentioned that in the Doctor’s Lounge someone was poking around on the Kitco site, looking at investing in gold. This board member also mentioned that once his gastroenterologist brother in law started plowing money into gold and coins, the apocalypse would be truly upon us, and it was time to bail.

I think, however, that the train has left the station, and things are looking very grim. This weekend, we had a little c&cktail party/gathering at the Longacre Estate, and several of Mrs. L.’s friends attended. One particular lady (who can only be described as ditzy, to put it mildly), started talking about a “gold party” that she recently attended. She stated, “I was totally embarrassed because I brought a pile of my old gold, including single earrings, things I never wear any more, etc., and this nice lady paid me $700! I could not believe it. She was paying real cash for this junk.”

Longacre then piped up and asked if this lady was some sort of gold dealer. Mrs. L’s friend responded with, “I am not even sure who she was, but she paid me cash for all of this junk gold that I had!” Then another of Mrs. L’s friends piped up, “yeah, I heard about those gold parties. I think the lady probably makes about 10% or so on the deal.” At this point, Longacre had heard enough, and didn’t want to get into a debate about how she might have been ripped off, so I kept my trap shut. I guess this was not the most bizarre thing to happen at the party, though. As I was showing one of the guys the new shed that I built, he actually said that he should grab his bong and have a smoke in the shed.

The apocalypse is certainly upon us, my friends.

Marauderrt10

2manycoins2fewfunds

This is very, very worrisome.

A sure sign of the top.

I hope you have your old, dull and tarnished pieces well hid so they don't end up at Cash for Gold!

DennisH

Has anyone heard what the per-ounce .999 pure equivalent price is that these kind of outfits are paying? I'm guessing it's not more than $250.

messydesk

<< <i>As I was showing one of the guys the new shed that I built, he actually said that he should grab his bong and have a smoke in the shed. >>


Might not have been a good idea. The ensuing munchies and impaired judgement may have left you making a fool of yourself gorging on cucumber and watercress finger sandwiches, the likes of which must abound in the ladies' parlor at such events.

rgCoinGuy

<< <i>Has anyone heard what the per-ounce .999 pure equivalent price is that these kind of outfits are paying? I'm guessing it's not more than $250. >>



Most are around 50% of spot (or less) from what I have heard.

fc

honestly the most shocking thing in this thread is that longacre built a shed by himself.

i imagine it looks like something this:

rgCoinGuy

roadrunner

This is but one sign that we're much closer to a bottom than a top. If the reverse were true then those gold parties would be selling gold to the ladies not trying to weasle it out of their hands for 30c to 70c on the dollar. Getting the gold out of people's hands is but one of the first steps before running up the price to unimagineable levels. FDR was able to do it by decree. The bankers and brokers today are able to do it after having convinced people for several decades that paper is money and gold is just junk. They don't need FDR today. But considering many of these players are short hundreds of tons of gold they need a ready source to fulfill commitments. During the first half of the year the scrappers were able to pull in a massive 850 tons of gold. But the $Cash4Gold days are numbered as the people are running out. What's next, 90% silver parties?

Good thing you kept your mouth shut about the ladies possibly being ripped off. In fact there should be no doubt someone got ripped off. People who view older/broken gold jewelry as junk must live in a different world. Imagine tossing out your scratched up $20 gold pieces or your tooled 1870-s silver dollar!

roadrunner

coinguy1

<< <i>In another thread, an excessively prominent member of these boards mentioned that in the Doctor’s Lounge someone was poking around on the Kitco site, looking at investing in gold. This board member also mentioned that once his gastroenterologist brother in law started plowing money into gold and coins, the apocalypse would be truly upon us, and it was time to bail.

I think, however, that the train has left the station, and things are looking very grim. This weekend, we had a little c&cktail party/gathering at the Longacre Estate, and several of Mrs. L.’s friends attended. One particular lady (who can only be described as ditzy, to put it mildly), started talking about a “gold party” that she recently attended. She stated, “I was totally embarrassed because I brought a pile of my old gold, including single earrings, things I never wear any more, etc., and this nice lady paid me $700! I could not believe it. She was paying real cash for this junk.”

Longacre then piped up and asked if this lady was some sort of gold dealer. Mrs. L’s friend responded with, “I am not even sure who she was, but she paid me cash for all of this junk gold that I had!” Then another of Mrs. L’s friends piped up, “yeah, I heard about those gold parties. I think the lady probably makes about 10% or so on the deal.” At this point, Longacre had heard enough, and didn’t want to get into a debate about how she might have been ripped off, so I kept my trap shut. I guess this was not the most bizarre thing to happen at the party, though. As I was showing one of the guys the new shed that I built, he actually said that he should grab his bong and have a smoke in the shed.

The apocalypse is certainly upon us, my friends. >>

I wouldn't sweat it, just yet. It's when Mrs. L's friends (and others) start aggressively buying not selling, piles of old gold, including single earrings, things they would never wear, that you should start to worry

speety

and I'm still waiting on pics of that finished shed...

pitboss

<< <i>honestly the most shocking thing in this thread is that longacre built a shed by himself.

i imagine it looks like something this:

>>




I like it !

Longacre

<< <i>

and I'm still waiting on pics of that finished shed... >>





I have some pictures, but the files seem too big to post.

Res

<< <i>

<< <i>

and I'm still waiting on pics of that finished shed... >>





I have some pictures, but the files seem too big to post. >>



Need a photobucket tutorial?

KentuckyJ

> an excessively prominent member of these boards


Might one say it takes one to know one?

p.s. I hope you aren't thinking about unloading anything from your mini hoard of prize silver Chinese Panda scores. That, to me, will be the final curtain call on this apocalypse raining down upon us scenario

SaorAlba

Oh yes our neighbours, we live in a nicer neighbourhood demographically, had one of these "gold parties" the other night. They had been pestering us to go, what with the combination seance/fortune telling/ gold buying HTH could we possibly refuse? I guess what really put me off by the whole thing was the fact that they are both professionals and have good income, but, well don't act like it. So Saturday night the whole cul-de-sac was filled up with cars, so many that we had to snake out of our driveway to go anywhere.

One place we did not go, the gold party. In the interests of continued neighbourhood amity, I thought the better of it.

steelielee

Better tuck those Saints away or they'll be goin to a party....

Bochiman

You should invite RYK to those parties....show him how it's done

CarlWohlforth

Longacre's shed:

Longacre

Thanks for posting those, Carl.

I don't seem to have pictures of the final product, but you should get an idea. Can you tell Longacre is afraid of heights by his death grip on the beams in the first pic?

JedPlanchet

So what's the spot for pot these days?

MacCrimmon

<< <i>As I was showing one of the guys the new shed that I built, he actually said that he should grab his bong and have a smoke in the shed.

The apocalypse is certainly upon us, my friends. >>




So, are you going to rename the Longacre Estate, Bongacre Estate?

farthing

A neighbor invited us to a gold party a few months ago - we respectfully declined. They couldn't understand why we wouldn't want to get rid of old junk gold for cash.

ocon4008

<<A neighbor invited us to a gold party a few months ago - we respectfully declined. They couldn't understand why we wouldn't want to get rid of old junk gold for cash.>>

I would have gone and every offer they made I would have topped by $20.