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The Math Behind Italy’s 28,000 “Cash For Gold” Outlets
Posted By admin On August 30, 2012 @ 3:15 am In Money Watch | Comments Disabled
Liberty Blitzkrieg blog
Aug 30, 2012
A couple of weeks ago I wrote about how the Portuguese citizenry was being forced to sell its gold in order to eat.  It seems that the Italians have now joined this illustrious club. I mean what do you expect when you allow Goldman Sachs to impose technocrat dictator Mario “Three Card” Monti as your political leader? Here are some excerpts from an article in The Globe and Mail:
Times are now so tough that Valerio Novelli, a ticket inspector on Rome’s buses, is planning to sell his old gold teeth.
“I can’t get to the end of the month without running up debts,” said Mr. Novelli, 56, who has to support an ex-wife and daughter. “I know I won’t get much, but I need the money.”
In a country suffering from economic crisis, buying gold off desperate people has become one of the few boom industries.
“Since I was a child I remember that gold was given as a gift on various occasions and people used to say: ‘Put it aside’,” said Ivana Ciabatti, who represents gold– and silversmiths at employers’ lobby Confindustria.
“We used to laugh at it, but they turned out to be right. Many families are surviving thanks to this gold.”
So people are barely surviving based on the gold passed down from generation to generation, yet the mainstream media here in the U.S. continues to mock gold constantly. Got it. How about this last line from the article:
The pawnbrokers, by contrast, can hardly keep up with business. They normally have the gold quickly melted down and sent abroad, making it one of Italy’s fastest growing exports. Official gold sales to Switzerland leaped 65 per cent last year to 120 tonnes, up from 73 tonnes in 2010 and 64 tonnes in 2009.
That’s not just gold being exported, that is wealth being exported. China says thanks. At least you protected your bankster class from taking a hit on their bond portfolios.
Meanwhile, this whole theme fits in perfectly with an article from The Telegraph yesterday with the fitting title “Unilever Sees ‘Return to Poverty’ in Europe.” That article begins with:
Aug. 27 (Telegraph) – Unilever will adopt marketing strategies used in developing countries in order to drive future growth in Europe.
Then we find out that Unilever will market to Europeans like they do to Indonesians:
“In Indonesia, we sell individual packs of shampoo for 2 to 3 cents and still make decent money,” said Mr Zijderveld. “We know how to do that, but in Europe we have forgotten in the years before the crisis.”
Once again, at least the banksters got bailed out at 100 cents on the dollar. No wonder the elites laugh at the sheeple.
Read The Globe and Mail article here .
Read The Telegraph article here .
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URL to article: http://www.prisonplanet.com/the-math-behind-italys-28000-cash-for-gold-outlets.html
URLs in this post:
 forced to sell its gold in order to eat.: http://libertyblitzkrieg.com/2012/08/16/portugal-runs-out-of-gold-as-citizens-forced-to-sell-in-order-to-eat/
 here: http://m.theglobeandmail.com/report-on-business/international-business/european-business/in-hard-times-i-buy-gold-is-italys-boom-business/article4489515/?service=mobile
 here: http://www.telegraph.co.uk/finance/financialcrisis/9501771/Unilever-sees-return-to-poverty-in-Europe.html
 Demand for gold at an all-time high: http://www.prisonplanet.com/demand-for-gold-at-an-all-time-high.html
 Central Bank net gold sales show huge drop in first half 2009: http://www.prisonplanet.com/central-bank-net-gold-sales-show-huge-drop-in-first-half-2009.html
 India’s gold import rises 45 pc to 48 tonnes: http://www.prisonplanet.com/indias-gold-import-rises-45-pc-to-48-tonnes.html
 Cash In A Mattress? No, Gold In The Closet: http://www.prisonplanet.com/cash-in-a-mattress-no-gold-in-the-closet.html
 Gold purchases up 36% as investors look to preserve wealth: http://www.prisonplanet.com/gold-purchases-up-36-as-investors-look-to-preserve-wealth.html
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