Thread: Stunning Images From China: Ten Thousand People Waiting In Line To Buy Gold

Stunning Images From China: Ten Thousand People Waiting In Line To Buy Gold

Submitted by Tyler Durden on 06/14/2013 12:38 -0400

Sometimes one must see to believe, in this case believe just how massive the raw demand for the shiny, barbarous relic is in China during times of relative monetary stability (in this case the Dragon Boat Festival).

Now assume runaway inflation as we saw in 2011 China, which may be unleashed by something as catalytic as the PBOC once again deciding to inject liquidity in its suffocating banking system and to revive growth in the stalling economy.

June 11, ten thousand people line up in front of a gold shop to buy gold. The buyers lined up during the three day Dragon Boat Festival.













Source Caixin.

http://www.zerohedge.com/news/2013-0...-line-buy-gold

Gold Buying Panic In China: 10,000 People Wait In Line For Their Chance to Own Precious Metals

Mac Slavo
SHTF Plan
June 14, 2013

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 aperception 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 thatdemand 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.

These are absolutely stunning.












Images from Caixin via Zero Hedge

The pictures are reminiscent of Americans lining up around the block during the gold buying sprees of the 1980′s in an attempt to get their hands on physical gold and silver.

Just as is the case with food, guns, ammunition, Xboxes, and iPhones, when widespread demand strikes it’s nearly impossible to get your hands on the goods you need at a fair price.

Get yours now, before the panicked masses realize what has happened.


This article was posted: Friday, June 14, 2013 at 4:41 pm

http://www.infowars.com/gold-buying-...ning-pictures/