Gold Buying Panic In China: 10,000 People Wait In Line For Their Chance to Own Precious Metals (Stun
mrearlygold
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Gold Buying Panic In China: 10,000 People Wait In Line For Their Chance to Own Precious Metals (Stunning Pictures)
One day in the near future Americans will finally realize that their money is being devalued at a rapid pace. For the time being the price increases are somewhat muted by official announcements of inflation being under control at around 2% and purported economic recovery on the horizon. The Federal Reserve and the US government are doing everything in their power to maintain a perception of stability.
But what happens when all the machinations are proven to be fruitless during the next stock market crash and currency crisis?
That’s when people panic. That’s when they start mass selling assets that hold no true value, and shift their capital to physical goods that store and preserve wealth.
In China, where the central government has manipulated the currency, economic and financial markets for decades, the people have seen it all before. And they aren’t taking any chances.
While the paper price of gold and silver may have dropped nearly 25% this year, it’s clear that demand in the real world is soaring.
If you want to know what it’s going to look like in front of precious metals dealers when confidence in our government’s ability to manage this crisis is finally lost for good, then look no further than the streets of China.
The following pictures, taken in Jinan in the last 48 hours, depict some 10,000 Chinese citizens lining up to buy physical gold, providing all the evidence you need for the argument that gold is, in fact, money.
GOLD BUYING LINE OF 10,000 IN CHINA
One day in the near future Americans will finally realize that their money is being devalued at a rapid pace. For the time being the price increases are somewhat muted by official announcements of inflation being under control at around 2% and purported economic recovery on the horizon. The Federal Reserve and the US government are doing everything in their power to maintain a perception of stability.
But what happens when all the machinations are proven to be fruitless during the next stock market crash and currency crisis?
That’s when people panic. That’s when they start mass selling assets that hold no true value, and shift their capital to physical goods that store and preserve wealth.
In China, where the central government has manipulated the currency, economic and financial markets for decades, the people have seen it all before. And they aren’t taking any chances.
While the paper price of gold and silver may have dropped nearly 25% this year, it’s clear that demand in the real world is soaring.
If you want to know what it’s going to look like in front of precious metals dealers when confidence in our government’s ability to manage this crisis is finally lost for good, then look no further than the streets of China.
The following pictures, taken in Jinan in the last 48 hours, depict some 10,000 Chinese citizens lining up to buy physical gold, providing all the evidence you need for the argument that gold is, in fact, money.
GOLD BUYING LINE OF 10,000 IN CHINA
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
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So, a picture of of people lining up to buy a new I-phone, or lining up to buy tickets for a concert, provides all the evidence you need for the argument that an I phone or a ticket is, in fact, money?
Liberty: Parent of Science & Industry
Already being discussed.
Gold bugs had better find their religion and pray this is not a panic.
Knowledge is the enemy of fear
Natural forces of supply and demand are the best regulators on earth.
<< <i>The following pictures, taken in Jinan in the last 48 hours, depict some 10,000 Chinese citizens lining up to buy physical gold, providing all the evidence you need for the argument that gold is, in fact, money.
So, a picture of of people lining up to buy a new I-phone, or lining up to buy tickets for a concert, provides all the evidence you need for the argument that an I phone or a ticket is, in fact, money? >>
No, a pic of a bunch of people lining up for cut rate gold that they can instantly sell for a 30% profit on the open market 'proves' that...well, at least 10,000 people in China like free money.
this was a promotion, people.
<< <i>The following pictures, taken in Jinan in the last 48 hours, depict some 10,000 Chinese citizens lining up to buy physical gold, providing all the evidence you need for the argument that gold is, in fact, money.
So, a picture of of people lining up to buy a new I-phone, or lining up to buy tickets for a concert, provides all the evidence you need for the argument that an I phone or a ticket is, in fact, money? >>
How long would the line be if they were selling US dollars?
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
Market bottoms don't occur when little fish are lining up to buy. Those kind of pictures are much more indicative of major market tops. We've had 12 good years in the gold market. With that kind of feeding frenzy, 12 lean years would not be unusual or unexpected. At least the losses for those in line, will be limited because most of those little fish are likely buying 1/4 or 1/10 or 1/20 ounce or whatever, and they probably aren't playing with borrowed money.
<< <i>10,000 future bag holders. Sorry, it has to be said, because that is the most likely outcome when little fish line up to buy any investment, whether it be stocks, bonds, real estate or a commodity. Little fish get eaten by big fish. It is what tends to happen.
Market bottoms don't occur when little fish are lining up to buy. Those kind of pictures are much more indicative of major market tops. We've had 12 good years in the gold market. With that kind of feeding frenzy, 12 lean years would not be unusual or unexpected. At least the losses for those in line, will be limited because most of those little fish are likely buying 1/4 or 1/10 or 1/20 ounce or whatever, and they probably aren't playing with borrowed money. >>
In the long run, gold is not a commodity, but it is 'money'.
Big difference and this is why I disagree with your above statement.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
<< <i>10,000 future bag holders. Sorry, it has to be said, because that is the most likely outcome when little fish line up to buy any investment, whether it be stocks, bonds, real estate or a commodity. Little fish get eaten by big fish. It is what tends to happen.
Market bottoms don't occur when little fish are lining up to buy. Those kind of pictures are much more indicative of major market tops. We've had 12 good years in the gold market. With that kind of feeding frenzy, 12 lean years would not be unusual or unexpected. At least the losses for those in line, will be limited because most of those little fish are likely buying 1/4 or 1/10 or 1/20 ounce or whatever, and they probably aren't playing with borrowed money. >>
<< <i>In the long run, gold is not a commodity, but it is 'money'. >>
Dated mindset....should read: "perceived by some" to be money. The same can be said for all commodities, from pork bellies to to corn. If you own it, "it's money in the bank."
Looks like jewelry. If like most jewellry stores, "30% off"of regular prices is still very overpriced, at least vs. the melt value of the gold
Liberty: Parent of Science & Industry
<< <i>10,000 future bag holders. Sorry, it has to be said, because that is the most likely outcome when little fish line up to buy any investment, whether it be stocks, bonds, real estate or a commodity. Little fish get eaten by big fish. It is what tends to happen.
Market bottoms don't occur when little fish are lining up to buy. Those kind of pictures are much more indicative of major market tops. We've had 12 good years in the gold market. With that kind of feeding frenzy, 12 lean years would not be unusual or unexpected. At least the losses for those in line, will be limited because most of those little fish are likely buying 1/4 or 1/10 or 1/20 ounce or whatever, and they probably aren't playing with borrowed money. >>
Ok, so 12 lean years (hypothetically) of an "engineered" market where the only place for J6P to be is in equities or (fill in the blank) until the "debt does matter." I would think that as soon as our current administration is out and is handed over to the opposition, whether it be 2016 2020 or 2024, the debt will matter, then we'll see the sheeple exiting equities etc. and fall headlong into PM's(?)
That last pic looks like they are selling gold chains.........wonder what the markup is.
Ironic if they are fake!!!
Successful BST deals with mustangt and jesbroken. Now EVERYTHING is for sale.