Bullhorn story 8/14 - 8/15/11: Sales of gold up on eBay amid stock market turmoil

[Slimprofits]

This story is getting a considerable amount of play.

Congratulations to Rachel Metz!

http://finance.yahoo.com/news/Sales-...&asset=&ccode=

Rachel Metz, AP Technology Writer, On Sunday August 14, 2011, 8:28 am EDT

SAN FRANCISCO (AP) -- For gold sellers on eBay, the recent stock market turmoil has been a boon for business.

Gold and silver sales on eBay had already been rising steadily over the past several years -- so much so that eBay Inc. created a special area in May to make it easier for buyers to find sellers.

Now, activity on that part of the site, the Bullion Center, is intensifying as consumers unnerved by the economic uncertainty flock to gold in hopes it will be a stable investment.

"When people are coming down to the question, `Do they want to have cash in the bank or gold in their hands?' the answer is they'd rather have gold or silver," said Jacob Chandler, CEO of Great Southern Coins, the largest seller of precious metals on eBay.

cont.


google news search

^ 300 results so far and many of them are US newspaper / local tv news websites

i've also seen it on CNBC, MSNBC and Fox News.


I've often wondered how this works.

[sishya]

Re: Bullhorn story 8/14 - 8/15/11: Sales of gold up on eBay amid stock market turmoil

a short term pump and dump for Gold like Silver in the making ?

[Slimprofits]

Re: Bullhorn story 8/14 - 8/15/11: Sales of gold up on eBay amid stock market turmoil

This story still has legs, I saw it again on cable this morning.

[metalman]

Re: Bullhorn story 8/14 - 8/15/11: Sales of gold up on eBay amid stock market turmoil

This story still has legs, I saw it again on cable this morning.

msm reporter... 'ebay sellers are making gobs o $$$ selling gold!'

msm reader... 'anybody buying?'

msm reporter... 'course not! only selling! gold is a terrible investment. earns no interest. gold = hoarding...

msm reader... 'but, but who are they selling to? can't be sellers w/o a buyers. isn't the real story that millions of people are buying gold?'

msm reporter... 'gold is a terrible investment. earns no interest. gold = hoarding. buy stocks. buy houses. buy stocks. buy houses. buy stocks. buy houses. buy stocks. buy houses. buy stocks. buy houses...'

[Spartacus]

Re: Bullhorn story 8/14 - 8/15/11: Sales of gold up on eBay amid stock market turmoil

msm reporter... 'ebay sellers are making gobs o $$$ selling gold!'

msm reader... 'anybody buying?'

msm reporter... 'course not! only selling! gold is a terrible investment. earns no interest. gold = hoarding...

msm reader... 'but, but who are they selling to? can't be sellers w/o a buyers. isn't the real story that millions of people are buying gold?'

msm reporter... 'gold is a terrible investment. earns no interest. gold = hoarding. buy stocks. buy houses. buy stocks. buy houses. buy stocks. buy houses. buy stocks. buy houses. buy stocks. buy houses...'

The unwashed hordes should only hoard useless sh*t like NFL posters and Disney movie memorabilia and sh*t cars rotting in the yard.

Nothing to protect themselves.

[Slimprofits]

Re: Bullhorn story 8/14 - 8/15/11: Sales of gold up on eBay amid stock market turmoil

msm reporter... 'ebay sellers are making gobs o $$$ selling gold!'

msm reader... 'anybody buying?'

msm reporter... 'course not! only selling! gold is a terrible investment. earns no interest. gold = hoarding...

msm reader... 'but, but who are they selling to? can't be sellers w/o a buyers. isn't the real story that millions of people are buying gold?'

msm reporter... 'gold is a terrible investment. earns no interest. gold = hoarding. buy stocks. buy houses. buy stocks. buy houses. buy stocks. buy houses. buy stocks. buy houses. buy stocks. buy houses...'

pretty much.

Yesterday on CNBC I heard, "Where are investors going to go? Gold is already at all-time highs, etc. etc. buy stock buy stocks buy stock buy stock buy stocks"