“Went to Hang Seng bullion counter yesterday. The line was out the door. It took an hour wait to see a teller. When I asked if people were buying in the dip or selling in panic, she told me that they haven’t had once ounce of gold sold back to them all day. She told me they have sold more gold in 24 hrs than they normally do in 3 months. Yes, there was a lot of extra security. The guy in front of me bought over $1 million USD in gold. He paid in cash and walked out of the door with the bullion in a Nike bag. Amazing. [..] Here, the man would be arrested and jailed just for having his own money in cash. Oh, and the cash would be stolen.”
http://www.lewrockwell.com/blog/lewrw/archives/135889.html
Related posts:
China’s Shadow Currency Addiction: ‘The Mother of All Bubbles’
House Committee Rejects Requiring Account Of Drone Casualties
The Chinese Driving Bitcoin's Prices Into The Stratosphere
U.S. Navy contractor traded inside data for hookers and Lady Gaga tickets
How the Government Hides Secret Surveillance Programs
Cities Crackdown on Private Transport
US military provided Assad with intel on CIA-supported extremists
Study Reveals Mushrooms Cure Depression By Not Being Anti-Depressants
Serial Offender: Miami Fed. Prosecutor Called on Misconduct in Drug Cases
Police Crackdown: Armed Self-Defense
Global terrorist organizations begin to respond to last week’s marijuana votes
Argentina Bans All Advertising
Senate About to Legalize NSA Logging of Every American's Phone Calls?
How “omnipotent” hackers tied to NSA hid for 14 years -- found at last
Income Investing When Interest Rates Rise