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How do you read into this?

morgansforevermorgansforever Posts: 8,461 ✭✭✭✭✭
in Precious Metals
Saw nothing on the nightly news, nothing on Kitco. Just stumbled on it, not familiar with SHTFplan.com.
Appears to be a 50% off holiday jewelry sale to me. Hype?


Gold buying panic in China
World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO

Comments

  • OperationButterOperationButter Posts: 1,672 ✭✭✭
    Here is a more reputable source if you are interested.

    ZH Link
    Gold is for savings. Fiat is for transactions.



    BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
  • derrybderryb Posts: 36,825 ✭✭✭✭✭
    Maybe they know something that some of us here know.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • OPAOPA Posts: 17,121 ✭✭✭✭✭
    That buying "frenzy" has been on going since the middle of April when the price of gold dropped 15%. I believe those pictures are somewhat dated.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    No, today's the day. SHTF. It's been nice knowing you all. image

    Liberty: Parent of Science & Industry

  • GRANDAMGRANDAM Posts: 8,518 ✭✭✭✭✭


    << <i>No, today's the day. SHTF. It's been nice knowing you all. image >>



    ----------------------------------------------------------------------------------------

    Is the SHTF going to happen before 2:00PM Sunday?

    I need to know if I should move up my Father's Day Dinner Reservations? image

    GrandAm image
    GrandAm :)
  • OPAOPA Posts: 17,121 ✭✭✭✭✭


    << <i>

    << <i>No, today's the day. SHTF. It's been nice knowing you all. image >>



    ----------------------------------------------------------------------------------------

    Is the SHTF going to happen before 2:00PM Sunday?

    I need to know if I should move up my Father's Day Dinner Reservations? image

    GrandAm image >>



    You're safe...the SHTF will not happen until after you get the "check"image
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • cohodkcohodk Posts: 19,143 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>No, today's the day. SHTF. It's been nice knowing you all. image >>



    ----------------------------------------------------------------------------------------

    Is the SHTF going to happen before 2:00PM Sunday?

    I need to know if I should move up my Father's Day Dinner Reservations? image

    GrandAm image >>



    You're safe...the SHTF will not happen until after you get the "check"image >>



    ROFL!!!
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • johnny9434johnny9434 Posts: 28,336 ✭✭✭✭✭
    pardon my ignorance but whats shft mean? thanks image
  • PerryHallPerryHall Posts: 46,140 ✭✭✭✭✭


    << <i>pardon my ignorance but whats shft mean? thanks image >>



    Chit Hits the Fan.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    similar and related to the term teotwawki.

    Liberty: Parent of Science & Industry

  • ThreeThree Posts: 26
    I think The Dragon Boat Festival has a lot to do with it. I've seen pictures like this posted a few months ago.
  • CaptHenwayCaptHenway Posts: 32,156 ✭✭✭✭✭


    << <i>I think The Dragon Boat Festival has a lot to do with it. I've seen pictures like this posted a few months ago. >>



    I suspect you are right.
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • ThreeThree Posts: 26
    OK,

    Just found this article.

    It was a promotion!

    Text
  • CaptHenwayCaptHenway Posts: 32,156 ✭✭✭✭✭
    Nothing like cheap gold top attract customers!
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    The author was clueless in stating that gold buyers were lined up in the 1980's. The lines that formed in December 1979 to January 1980 tended to be lines of sellers.
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • CaptHenwayCaptHenway Posts: 32,156 ✭✭✭✭✭


    << <i>The author was clueless in stating that gold buyers were lined up in the 1980's. The lines that formed in December 1979 to January 1980 tended to be lines of sellers. >>



    Well, there were both. Some of the people who sold silver into the Hunt Brothers bubble used the proceeds to buy gold, which was what drove gold up to a spike of almost $850. There was no other reason for gold to spike like that other than sudden frenzied buying.
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    There was no other reason for gold to spike like that other than sudden frenzied buying.

    Is there ever any other reason?

    Liberty: Parent of Science & Industry

  • PerryHallPerryHall Posts: 46,140 ✭✭✭✭✭


    << <i>

    << <i>The author was clueless in stating that gold buyers were lined up in the 1980's. The lines that formed in December 1979 to January 1980 tended to be lines of sellers. >>



    Well, there were both. Some of the people who sold silver into the Hunt Brothers bubble used the proceeds to buy gold, which was what drove gold up to a spike of almost $850. There was no other reason for gold to spike like that other than sudden frenzied buying. >>



    Don't forget the high inflation at the time. During brief periods it was into double digits.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

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