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Gold Buying Panic In China: 10,000 People Wait In Line For Their Chance to Own Precious Metals
Posted By admin On June 14, 2013 @ 4:41 pm In Featured Stories,Money Watch,Tile | Comments Disabled
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 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.
These are absolutely stunning.
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.
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URL to article: http://www.prisonplanet.com/gold-buying-panic-in-china-10000-people-wait-in-line-for-their-chance-to-own-precious-metals-stunning-pictures.html
URLs in this post:
 SHTF Plan: http://www.shtfplan.com/headline-news/gold-buying-panic-in-china-10000-people-wait-in-line-for-their-chance-to-own-precious-metals-stunning-pictures_06142013
 perception of stability: http://theeconomiccollapseblog.com/archives/12-clear-signals-that-the-u-s-economy-is-about-to-really-slow-down
 proven to be fruitless: http://www.shtfplan.com/headline-news/imminent-i-dont-think-obama-is-going-to-finish-his-second-term-without-the-bottom-dropping-out_06032013
 goods that store and preserve wealth: http://www.shtfplan.com/emergency-preparedness/what-is-money-when-the-system-collapses_12292009
 demand in the real world: http://www.shtfplan.com/headline-news/major-precious-metals-retailer-we-have-been-experiencing-astounding-volume_04172013
 ability to manage this crisis is finally lost: http://www.shtfplan.com/emergency-preparedness/shadow-stats-founder-on-hyperinflation-disruptions-to-food-supplies-normal-flow-of-commerce_05052010
 Caixin: http://photos.caixin.com/2013-06-12/100540387.html
 Zero Hedge: http://www.zerohedge.com/
 gold buying sprees of the 1980′s: http://www.shtfplan.com/precious-metals/gold-bubble-i-remember-1980-they-were-lined-up-around-the-block_01132013
 physical gold and silver: http://www.jmbullion.com/
 Gold Surges, Hits New All Time High Of $1,437 After Precious Metals Talked Up During PDAC Conference: http://www.prisonplanet.com/gold-surges-hits-new-all-time-high-of-1437-after-precious-metals-talked-up-during-pdac-conference.html
 China’s Gold Imports From Hong Kong Surge to Highest Ever – PBOC Buying?: http://www.prisonplanet.com/chinas-gold-imports-from-hong-kong-surge-to-highest-ever%e2%80%8e-pboc-buying.html
 Major Precious Metals Retailer: “We Have Been Experiencing Astounding Volume”: http://www.prisonplanet.com/major-precious-metals-retailer-%e2%80%9cwe-have-been-experiencing-astounding-volume%e2%80%9d.html
 Montana Legislation Would Allow Payments in Precious Metals: http://www.prisonplanet.com/montana-legislation-would-allow-payments-in-precious-metals.html
 Is China Secretly Stealth-Buying Gold?: http://www.prisonplanet.com/is-china-secretly-stealth-buying-gold.html
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