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

Tyler Durden's picture




 

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.

 

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Fri, 06/14/2013 - 12:40 | 3658461 RacerX
RacerX's picture

Fools! There are no lines to buy the paper gold!

Fri, 06/14/2013 - 12:41 | 3658474 AllThatGlitters
AllThatGlitters's picture

Hmmm.. Contrarian in me fears that this may truly be a picture of a bubble?

Or is it not a bubble until we see the same thing in the U.S.?

Fri, 06/14/2013 - 12:43 | 3658496 jbvtme
jbvtme's picture

where are the lines for the german gold?

Fri, 06/14/2013 - 12:44 | 3658503 Pinto Currency
Fri, 06/14/2013 - 12:46 | 3658508 Pladizow
Pladizow's picture

Gold: Me love you long time in long line!

Fri, 06/14/2013 - 12:48 | 3658527 AllThatGlitters
AllThatGlitters's picture

Easy with the down arrows folks. I forgot my sarcasm tag.

Check out my name for criminy sakes.

 

Fri, 06/14/2013 - 12:55 | 3658569 johnQpublic
johnQpublic's picture

congratulations!

your cancerous tumor has a 7% growth rate!

why, in only ten years, it may take over 100% of your body!

 

Fri, 06/14/2013 - 13:07 | 3658617 bonderøven-farm ass
bonderøven-farm ass's picture

The US offers bread lines, China offers gold lines........WINNING!

Fri, 06/14/2013 - 13:09 | 3658627 Badabing
Badabing's picture

Isn’t that Nouriel Roubini on line in the second photo?

Fri, 06/14/2013 - 13:21 | 3658681 SpiceMustFlow
SpiceMustFlow's picture

that is the most beautiful thing I've ever seen, honestly.

 

DOWN WITH MOTHAFUCKIN FIAT BITCHEZZZ!!!!!!!!!!!!!!

Fri, 06/14/2013 - 13:26 | 3658710 boogerbently
boogerbently's picture

Stop it !!

That's the line to see the advance screening of "World War Z".

Fri, 06/14/2013 - 13:36 | 3658757 negative rates
negative rates's picture

You can run, but you can't hide.

Fri, 06/14/2013 - 13:40 | 3658776 Beam Me Up Scotty
Beam Me Up Scotty's picture

If I had a line that long outside of my business, no matter WHAT I was selling, I would RAISE PRICES!!!!!

Fri, 06/14/2013 - 14:08 | 3658817 Jumbotron
Jumbotron's picture

Off topic......

If any of you would like to know what you can do to lessen PRISM's impact on you go here....

http://prism-break.org/

It is a list of various pieces of software, browser plu-gins, and operating systems to help harden your computing life against Big Brother.

On the left of the list are the proprietary, PRISM infected software....on the right is Free and Open Sourced variants that are less so.

I use some of this stuff.....read about it, try it out and report back

Also....don't forget about Retroshare....personal encrypted Peer2Peer communications

http://retroshare.sourceforge.net/index.html

Fri, 06/14/2013 - 14:27 | 3658929 Arius
Arius's picture

Stunning indeed !

What is more stunning is that obviously someone has let the masses a glimse into the future .... these kind of notices are not given too much ahead of time, it would be my guess ...

It makes sense though, if you think it is ASIA's  time to lead the World ... you got to be in their good side!  even if they will have a minimum amount it will make them happy knowing they made the right decisions ahead of time .... think about the reaction of Joe Sixpack when he learns there is nothing in store and on top of it he is armed to the teeth ... detroit here we come ...

Fri, 06/14/2013 - 15:10 | 3659099 nugjuice
nugjuice's picture

How thin can I squeeze this comment

Fri, 06/14/2013 - 15:15 | 3659114 Herd Redirectio...
Herd Redirection Committee's picture

I curse you

 

 

T

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Fri, 06/14/2013 - 15:30 | 3659175 Jumbotron
Jumbotron's picture

http://www.youtube.com/watch?v=7U3Oti2L8S4

S

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Fri, 06/14/2013 - 15:37 | 3659189 BaBaBouy
BaBaBouy's picture

SHHHHH Tyler...

Don't show this to the Ben Shalomaster, Or The Hroubini, Or The Codger Blufflet, No No No.

Fri, 06/14/2013 - 16:24 | 3659313 giggler123
giggler123's picture

Roubini says you lie, they are all queing for toilet with cash paper wipes.  It's the cash they want.

Fri, 06/14/2013 - 16:40 | 3659341 MillionDollarBogus_
MillionDollarBogus_'s picture

10,000 chinese standing in lines for hours, waiting to buy a few gold trinkets are powerless against Blythe Masters and a few mouse clicks.

So, if the price of gold doesn't ramp up, based on theoritical supply & demand, what's wrong with that picture..??

Fri, 06/14/2013 - 18:18 | 3659598 Popo
Popo's picture

So... why are the gold merchants so eager to trade their gold for paper money?   Just wondering....

Fri, 06/14/2013 - 20:16 | 3659880 unrulian
unrulian's picture

How else are they going to pay rent, taxes, car, insurance, hookers, blow?...and of course purchase more both to sell and add to their private stash???

Sat, 06/15/2013 - 02:21 | 3660416 ebworthen
ebworthen's picture

Would it be thread whoring to post here?

I don't care ;-)

They are getting what will double in value 3-5 years from now.

They aren't stupid, and neither are millions of Amelicans buying Gold and Silver.

Fuck You Ben Bernanke and Central Bankers the World over!

Sat, 06/15/2013 - 07:23 | 3660552 GetZeeGold
GetZeeGold's picture

 

 

 

 

 

 

Guys back off.

 

I'm gettin squished bitchez!

 

Fri, 06/14/2013 - 14:28 | 3658948 ForWhomTheTollBuilds
ForWhomTheTollBuilds's picture

Thanks.

 

Whenever I consider this stuff, I always think of those new banking laws that say, "if you transfer $5,000, you are on the suspicious list, but if you transfer $500 ten times, you are REALLY on the frickin list".  I wonder if those of us who really aren't very interesting end up inviting even more trouble by making obvious attempts to evade surveillance.

Remember that shoe bomber guy who bought a one way ticket with cash after 9-11 and then got on the plane with no passport while you got literally assraped by the security gaurd for questioning his authority openly?  I just wonder if people aren't better off hiding in plain sight regardless of what they are up to.

 

 

Fri, 06/14/2013 - 14:46 | 3659018 Jumbotron
Jumbotron's picture

"Whenever I consider this stuff, I always think of those new banking laws that say, "if you transfer $5,000, you are on the suspicious list, but if you transfer $500 ten times, you are REALLY on the frickin list".  I wonder if those of us who really aren't very interesting end up inviting even more trouble by making obvious attempts to evade surveillance."

DING DING DING.....that is profoundly true in today's Big Brother world....especially America.  I was having a bit a fun with some moron on this list...I think EscapeKey.....about his touting 4,096 bit encryption and his belief that not even a quantum computer can break that.  I had to impolitely (when I see rank stupidity I tend to do that...sorry bad habit) explain to junior that #1...they don't need to break it because you can never encrypt all of your behavoir and #2 when you start encrypting everything including your grocery list then that behavior itself will put you on a very naughty list. 

I thought it would be good to still inform people of some of the tools you could use to make ANY computing transaction a little safer...a little more private.  But don't get me wrong....you can NEVER escape Big Brother in this day and age.  Welcome to Prison Planet where the only true freedom you will ever have is of your own mind....and that is a constant struggle.

Fri, 06/14/2013 - 16:17 | 3659292 Parisnights
Parisnights's picture

Let me preface by saying SILVER bitchez!... Now, time for the down arrows- I don't count or guesstimate ten thousand from the pics--and are the pictures of the gold stands inside the building the same bldg as the ppl standing in line.  Ten thousand ppl standing in line to buy gold?  boggles the mind.  that's 1/10th the amount Neyland stadium will hold.

Fri, 06/14/2013 - 16:44 | 3659354 FEDbuster
FEDbuster's picture

Thanks for the new screensaver images.  

What happens when what is left of the American middle class wakes up (too late) and wants to get some?  BoooYaaaa!

Fri, 06/14/2013 - 15:21 | 3659139 DollarMenu
DollarMenu's picture

Don't forget FWTTB, that shoe bomber was escorted onto the plane by people who had the authority/power to override the protests of the in place airline security guards.

That was a set-up to permit Chertoff's company to place all the scanners in the US airports.

 

Fri, 06/14/2013 - 23:20 | 3660241 jekyll island
jekyll island's picture

Don't they know that Al Gore invented the internet?  They can order gold online and avoid the long wait, well, standing in line anyway.  

Fri, 06/14/2013 - 14:00 | 3658846 mickeyman
mickeyman's picture

Yeah, right there beside Krugman

Fri, 06/14/2013 - 14:58 | 3659058 Raymond K Hessel
Raymond K Hessel's picture

Ha!  You guys made me look!  I thought WB might have photoshopped them in there!

Fri, 06/14/2013 - 17:43 | 3659502 AGuy
AGuy's picture

Tyler, I recommend a slight change to the title of this article:

"From China: Ten Thousand People Waiting in Line to Exchange Fiat Currency for Real Money"

 

Fri, 06/14/2013 - 15:27 | 3659159 Kirk2NCC1701
Kirk2NCC1701's picture

It's a day worthy of funeral-like sadness, when so many people in the country trust the money signals from a former enemy (China), and not those from our own (treasonous ) leaders.

We are either 1776-worthy Patriots of the Rebublic, or 1776-worthy Traitors to the President-King.  Pick a side, and hoist your golden or fiat flag.

Fri, 06/14/2013 - 16:20 | 3659298 Balanced Integer
Balanced Integer's picture

As long as we are not talking about the NFL, I will always side with the Patriots.

Boobies are pretty cool, too.

Fri, 06/14/2013 - 13:22 | 3658682 dontgoforit
dontgoforit's picture

Hardly ain't no line in America anymore 'cept the fish line.

Fri, 06/14/2013 - 14:32 | 3658963 cosmyccowboy
cosmyccowboy's picture

  i was inside gainesvillecoins wensday purchasing ASE's there were no lines! onle me and some old man selling ASE's... too bad we couldn't have hooked up outside!!! by the way there were no 2013's available only some 09's!

Fri, 06/14/2013 - 15:42 | 3659209 dontgoforit
dontgoforit's picture

TX, FL, GA, MO, NY or VA?  Which 09's on those assets?

Sat, 06/15/2013 - 10:38 | 3660720 The Clever Guy
The Clever Guy's picture

Silver Eagles are a two week wait in the Mountain West. That is AFTER you prepay for them (CASH ONLY). No point waiting in line for what isn't there.

Fri, 06/14/2013 - 15:49 | 3659224 JonNadler
JonNadler's picture

i see long lines at the department of social services for food stamps, are they in a bubble....?

Fri, 06/14/2013 - 22:43 | 3660168 Bob Sacamano
Bob Sacamano's picture

Virtually no bread lines in US.

Fri, 06/14/2013 - 12:55 | 3658570 kliguy38
kliguy38's picture

i gave ya an up to help 

Fri, 06/14/2013 - 13:21 | 3658680 Herd Redirectio...
Herd Redirection Committee's picture

Can each of those people even afford 1 oz of gold?  Or what do they normally purchase for this festival?  1/2 an ounce?  Maybe I am underestimating their saving ability and purchasing power.

Fri, 06/14/2013 - 13:23 | 3658694 SpiceMustFlow
SpiceMustFlow's picture

I think the avg Chinese saves around 30% of his income.

Fri, 06/14/2013 - 13:25 | 3658705 Herd Redirectio...
Herd Redirection Committee's picture

So it turns out they are buying it at 300 Yuan a gram,  works out to $1356 /oz (by my calculations).   I thought maybe they are getting below .9999 fineness, but apparently not...  So they are literally getting gold on sale!  Not contrarian if you ask me.

Fri, 06/14/2013 - 15:19 | 3659131 Panafrican Funk...
Panafrican Funktron Robot's picture

$1356 = a significant premium to fair value per Roubini et al.  

Unless Roubini et al. turns out to be a cabal of extraordinary bullshit.  

Fri, 06/14/2013 - 19:58 | 3659840 Seeking Aphids
Seeking Aphids's picture

Chinese culture has two aspects foreign to many Westerners: a long time-frame perspective and a strong extended family focus. Those people are lining up not with their own money but with the entire family's money to buy gold for whatever purpose (jewelry, investment, etc.) but always taking a long-term focus....of course they could not buy the gold individually and regularly the way we might but, given the number of Chinese families who are in or entering the middle class, we can estimate that even infrequent purchases by family groups can result in huge amounts of gold being purchased on a country level. Same story in Vietnam and most other Asian and sub-Asian countries....this is what so many NA-centric 'experts' seem to miss.....the price of gold is going to go up over the long term imo regardless of what they think or what the ETF's do....GLD is a sideshow not worth talking about compared to the real and ongoing demand in the rest of the real world.

Fri, 06/14/2013 - 13:05 | 3658611 fortune114
fortune114's picture

Ever get the feeling there's a lot of sore $1700-$1900 buyers trolling around here?

Fri, 06/14/2013 - 13:22 | 3658686 BoNeSxxx
BoNeSxxx's picture

No because gold holders hold gold.

Only traders get their panties bunched up over unrealized gains/losses.  Anyone holding gold for the right reasons isn't a trader (although, soon they may be accused of being traitors)...

Fri, 06/14/2013 - 13:40 | 3658772 DoChenRollingBearing
DoChenRollingBearing's picture

Right!  Strong hands who have bought and will continue to buy physical gold have nothing to worry about.  Does anyone really think that it makes any difference to your children or grandchildren buying gold at $1400 vs. (say) $1800?

Remember it is China who thinks long-term.  I believe it was Chou En Lai (Nixon's friend there), who when asked about what the after-effects of the French Revolution replied: "I think it's too soon to say."

***

Strong hands holding gold for generations worry not...

Fri, 06/14/2013 - 15:16 | 3659118 Panafrican Funk...
Panafrican Funktron Robot's picture

Indeed, holding and passing on gold to your kids and grandkids is probably the single best thing you can do to "insure" your family line.  Not only does this gold spark all kinds of good conversations/teaching moments about "what is money" and "what is wealth", but it has the practical application of "saving" the excess value of your productive labor, which in turn enriches your legacy.  

Fri, 06/14/2013 - 23:03 | 3660204 dark pools of soros
dark pools of soros's picture

holy bollocks brochurisms batman!

what you are saying is avoid estate taxes by teaching your kids to never say they have gold

 

Fri, 06/14/2013 - 13:29 | 3658727 oddjob
oddjob's picture

What about all those buyers of property, house and liablility insurance that ends up worthless at the end of each year?..now thats something to be sore about.

Fri, 06/14/2013 - 13:39 | 3658774 Son of Loki
Son of Loki's picture

Oddjob, true true true...same for "Title Insurance"...nearly worthless...

 

Additionally,  two years ago I read a study that showed apporx 80% of title closings were defective from 2004-2009. They looked at Texas, NM, and Arizona.

 

Those folks will have fun when they try sellign their house to anyone who is prudent enough to actually do a thorough title search (which I HIGHLY recommend). You DO NOT want to be holding the 'hot potato' with a defective title when you try to sell 5-15 years down the road. Very very costly.

Fri, 06/14/2013 - 14:06 | 3658868 CashCowEquity
CashCowEquity's picture

You have a kick ass Avatar and handle.

Long Live "GoldFinger" !!!

Fri, 06/14/2013 - 15:45 | 3659218 dontgoforit
dontgoforit's picture

Anyone got a read on whether POLR is going to bust loose soon?  Just curious.

Fri, 06/14/2013 - 15:06 | 3659085 The Thunder Child
The Thunder Child's picture

I bought a few oz at $1750 and I am still happy with my investment. When I get older and it comes time to cash them in all this will be history books and I well be very well off...that is if I can find them at the bottom of the lake.

Fri, 06/14/2013 - 16:18 | 3659195 Kirk2NCC1701
Kirk2NCC1701's picture

If they bought paper-gold at $1700-1900, they are... screwed, and 'pissed'.  Not sorry for gold speculators.

If they bought bullion at $1700-1900, they are rightfully sore:  Could have spent less or bought more.

/ But if you feel that strongly about it not mattering that they overpaid, then put your bullion where your mouth is, and start selling your stack at a 30% discount.  I'm first in line. Put up or STFU, but don't junk me casue you are a sore loser who can't process the logic, or handle the truth. 

Fri, 06/14/2013 - 18:03 | 3659556 Cobra
Cobra's picture

Kirk, people that take physical delivery of phyzz aren't doing so to make a paper money profit. The price is but a reference point, the value is in the metal.

Fri, 06/14/2013 - 22:45 | 3660174 Bob Sacamano
Bob Sacamano's picture

They are buying jewelry.....  If they were truly worried, it seems they would buy bullion. 

Fri, 06/14/2013 - 18:34 | 3659643 tenpanhandle
tenpanhandle's picture

Why the fuck would I sell my $1700 bullion to you now at $1300 when I wouldnt sell it to you if the price was $2200.  I'm happy with my coins; coins that you will never own, I might add.

Sat, 06/15/2013 - 00:39 | 3660332 not applicable
not applicable's picture

The value of gold is pretty much fixed, it's the measuring stick (fiat currency) that's sending distorted price signals.

Fri, 06/14/2013 - 22:53 | 3660190 dark pools of soros
dark pools of soros's picture

more like the feeling that most of them run coin shops and just want everyone to keep buying

if they love the stuff so much, a little hedged trading would of increased their stacks.. and they can't ever lose right?  even if they sold low and bought high somehow, they would still be 'stacking at any price' anyway

it's actually comical...   the end game is for them to just have a stack of gold.. nothing else.  no dreams of actually using any of the stored wealth into anything productive at all.. even if everything went full Weimer tomorrow, they'd do nothing but look to buy more gold..  just misers in misery

 

Fri, 06/14/2013 - 14:11 | 3658882 howenlink
howenlink's picture

Long long lines.

Fri, 06/14/2013 - 15:17 | 3659124 Uchtdorf
Uchtdorf's picture

Oh lats, I stoo' in wrong rong rine fo' rong time.

Fri, 06/14/2013 - 12:59 | 3658579 Silver Garbage Man
Silver Garbage Man's picture

The Germans don't need to get in line for another 6 years.

Fri, 06/14/2013 - 13:10 | 3658636 NotApplicable
NotApplicable's picture

Otherwise listening to the muzak in the fed lobby all of that time would drive them insane.

Fri, 06/14/2013 - 12:59 | 3658580 Canadian Dirtlump
Canadian Dirtlump's picture

you're looking at it LOL! German gold leased to jewelry fabricators in china.

Fri, 06/14/2013 - 13:21 | 3658675 Crime of the Century
Crime of the Century's picture

German gold leased to (Bullion Banks, then SOLD to) jewelry fabricators in China.

FIFY

Fri, 06/14/2013 - 13:29 | 3658587 Anasteus
Anasteus's picture

Heh, the lines for the German gold are right there :-)

That's unbelievable... they apparently don't grasp the Roubini's words of wisdom...

Fri, 06/14/2013 - 13:26 | 3658715 monkeys.pick.bottoms
monkeys.pick.bottoms's picture

People have figured out that there is no German gold, hence no lines:)

Fri, 06/14/2013 - 15:50 | 3659225 SWRichmond
SWRichmond's picture

where are the lines for the german gold?

That IS the German gold.  It has been shipped from the US vaults to China, and those Chinese people are buying it in that store.  Why do you think its gonna take so long for Germany to repatriate a measely 300 tonnes?

Sat, 06/15/2013 - 07:11 | 3660541 taitamco
Sat, 06/15/2013 - 17:34 | 3661382 onearmedlove
onearmedlove's picture

Or collateral calls for a gold based arbitrage that ZH pointed out a while ago. 

 

http://www.zerohedge.com/news/2013-05-23/bronze-swan-arrives-end-copper-financing-chinas-lehman-event

Fri, 06/14/2013 - 12:51 | 3658486 jbvtme
jbvtme's picture

anyone recogniize krugman in the line?

Fri, 06/14/2013 - 13:03 | 3658607 caimen garou
caimen garou's picture

yep, he is the pimple on the fat boys neck!

Fri, 06/14/2013 - 12:43 | 3658498 kliguy38
kliguy38's picture

The "contrarion" in you must be a masochist......let me remind "it"....that is PHYSICAL GOLD....the Chinese public knows what's coming......the paper game is just that

Fri, 06/14/2013 - 12:45 | 3658506 Schmuck Raker
Schmuck Raker's picture

Not a bubble, so much as effect of twenty percent discounts.

http://usa.chinadaily.com.cn/china/2013-06/12/content_16611576.htm

[TY Fonz]

Fri, 06/14/2013 - 13:22 | 3658679 Bring the Gold
Bring the Gold's picture

I guessed I missed this:

 

"While gold markets in the US and Europe saw panic selling, China has just seen a surge in gold sales in the past few months. "

 

I think they meant "pre-meditated paper gold FED and Bullion Bank avalanching".

Fri, 06/14/2013 - 14:27 | 3658946 CheapBastard
CheapBastard's picture
Demand for gold at record high in Q1

Updated: 2013-05-17 07:43

 

http://www.chinadaily.com.cn/kindle/2013-05/17/content_16506233.htm

Fri, 06/14/2013 - 12:47 | 3658507 spankthebernank
spankthebernank's picture

I love the Chinese.  They don't fuck around!

 

Monkey!!!

Fri, 06/14/2013 - 12:46 | 3658510 AllThatGlitters
AllThatGlitters's picture

Gold is certainly going up today.

Live Chart: http://www.pmbull.com/gold-price/

And there are no lines to buy from the online dealers, but those purchases will be logged at the NSA.

Doubt the Chinese authorities can log every one of those purchases taking place in the pictures above.

Fri, 06/14/2013 - 13:01 | 3658596 PiratePawpaw
PiratePawpaw's picture

If it were a bubble indicator, would we not have seen this 1-2 years ago?

Fri, 06/14/2013 - 13:07 | 3658619 lasvegaspersona
lasvegaspersona's picture

Gold can't be in a bubble because its price is arbitrary

 

http://fofoa.blogspot.com/2009/12/gold-ultimate-un-bubble.html

Fri, 06/14/2013 - 14:42 | 3658986 g'kar
g'kar's picture

The Chinese people have a better chance of their government not confiscating their gold versus the regime in charge of the US.

Fri, 06/14/2013 - 17:38 | 3659484 RobertMugabe
RobertMugabe's picture

You're not aloud to say that on ZH! You'll scare the lemmings! No bubble here.... just keep buying small peasants, forget about "paper price" just buy, buy, buy... Sounds like a logical argument right?

Fri, 06/14/2013 - 12:42 | 3658480 fourchan
fourchan's picture

demand soars, causes crash in prices.

 

this is the modern market. what a joke.

Fri, 06/14/2013 - 12:56 | 3658538 Martial
Martial's picture

They must be barbarians to want such a metal!

Fri, 06/14/2013 - 13:09 | 3658626 Silveramada
Silveramada's picture

higher volumes also yesterday for coin dealers/ 

http://zysites.com/silververitas/

Fri, 06/14/2013 - 14:17 | 3658909 SheepDog-One
SheepDog-One's picture

Roubini must be PISSED at all these 'dangerous Chinese with a political agenda'!

Fri, 06/14/2013 - 14:20 | 3658918 midtowng
midtowng's picture

Doesn't this make them all terrorists?

Fri, 06/14/2013 - 14:40 | 3658990 easterner
easterner's picture

.

Fri, 06/14/2013 - 16:13 | 3659280 scattergun
scattergun's picture

Look at the sign above the door in the second picture. That is the line for the public rest rooms.

Fri, 06/14/2013 - 12:49 | 3658532 TheEdelman
TheEdelman's picture

People that have something to brag about dont brag.  Braggers have nothing to brag about.  

pats fonz on the head

Fri, 06/14/2013 - 12:50 | 3658540 fonzannoon
fonzannoon's picture

(slumps in shame)

Fri, 06/14/2013 - 12:52 | 3658548 TheEdelman
TheEdelman's picture

Im feeling peckish today fonz.  State of affairs has be down

Fri, 06/14/2013 - 13:25 | 3658698 Bring the Gold
Bring the Gold's picture

And therefore hungry? No need to comfort eat man. ;)

 

 

Pssst...google "peckish" for British slang that word does not mean what you think it means.

Fri, 06/14/2013 - 14:00 | 3658844 TheEdelman
TheEdelman's picture

Googled

http://www.thefreedictionary.com/peckish

peck·ish  (pksh)

 

adj.
1. Ill-tempered; irritable. 2. Chiefly British Somewhat hungry.

 

Fri, 06/14/2013 - 15:24 | 3659125 Bring the Gold
Bring the Gold's picture

You had to reach for that googled it and peckish came up without going for a link.

I've never heard it used in that way, EVER. Not in the US or UK or Canada.

I've heard it used for hungry, many, many times while living in the UK.

From Google without clicking on ANY Links:

https://www.google.com/search?q=peckish&rlz=1C1CHFX_enUS468US468&oq=Peckish&aqs=chrome.0.59j5j0l2j62l2.1440j0&sourceid=chrome&ie=UTF-8

Peck-Ish

Adjective Hungry: "we were both feeling a bit peckish and there was nothing to eat".
Synonyms: Hungry - starveling - starving - famished
Fri, 06/14/2013 - 15:35 | 3659194 TheEdelman
TheEdelman's picture

The first link google returns is a reach huh?

 

But if you "never heard it used in that way" then it's gotta true.

Fri, 06/14/2013 - 15:40 | 3659205 TheEdelman
TheEdelman's picture

For fun, I Binged peckish for you.  Sorry bro.  Fail

http://www.bing.com/search?q=peckish&go=&qs=n&form=QBLH&pq=peckish&sc=8-7&sp=-1&sk=

 

 

Definition of peckish (adj)

Bing Dictionary

peck·ish  [ pékish ]   

  1. cranky: somewhat irritable
  2. hungry: slightly hungry
Synonyms: hungry, famished, starvingravenousstarved

 

Fri, 06/14/2013 - 16:55 | 3659373 SWCroaker
SWCroaker's picture

Different strokes.  I knew it as irritable, probably from a few Mark Twain stories.   Never new about the munchies thing.

Fri, 06/14/2013 - 21:14 | 3659974 gonetogalt
gonetogalt's picture

Concise Oxford English Dictionary: Peckish, adjective, informal, chiefly British, hungry.

Fri, 06/14/2013 - 23:32 | 3660259 Curiously_Crazy
Curiously_Crazy's picture

Interesting. I've always known it to be the word one uses before hungry and have never heard it used for irritable. ie:

Peckish --> hungry --> starving

is to

fast --> faster --> fastest

Fri, 06/14/2013 - 12:41 | 3658473 slaughterer
slaughterer's picture

This Chinese demand will have absolutely no effect on paper prices so long as the COMEX is still in business.

Fri, 06/14/2013 - 12:46 | 3658513 fonzannoon
fonzannoon's picture

Whoops

"The 30-year-old Beijing-based newspaper editor also invested in a number of funds and bought paper gold - certificates that equate to the physical metal -

http://www.chinadaily.com.cn/business/2013-05/20/content_16511538.htm

 

Fri, 06/14/2013 - 12:50 | 3658543 TheEdelman
TheEdelman's picture

This is going to be really ugly (short term) for holders of gold.

Fri, 06/14/2013 - 13:36 | 3658758 Meat Hammer
Meat Hammer's picture

I'll have my 17ft Uhaul truck reserved to back up to the coin shop when the ugliness starts.

Fri, 06/14/2013 - 17:04 | 3659389 NotApplicable
NotApplicable's picture

Are you going to buy their empty display cases, or the vault itself?

Fri, 06/14/2013 - 12:53 | 3658553 OnceandForever
OnceandForever's picture

Thank you for pointing out the reality...not the hype.

Fri, 06/14/2013 - 14:00 | 3658845 oddjob
oddjob's picture

like utes and pipes at >30x p/e are not hype?...even better CRE at <3% cap rates...even better.

Fri, 06/14/2013 - 13:06 | 3658610 MassDecep
MassDecep's picture

You mean CON-EX traordinare

 

Fri, 06/14/2013 - 16:14 | 3659284 Kirk2NCC1701
Kirk2NCC1701's picture

Gold, Platinum, Silver = Made in Supernova (imploding then exploding, massive star).  

Fiat = Confidence-based Money, Made by CONfidence men, and backed by their militarized thugs.

/ Get some of God's barbaric relic - from remnants of a supernova near you.  Every 5-10 billion years or so. /s

Fri, 06/14/2013 - 12:43 | 3658475 Pinto Currency
Pinto Currency's picture

-

Fri, 06/14/2013 - 12:41 | 3658476 Buckaroo Banzai
Buckaroo Banzai's picture

I believe the technical term for that is RATIONING.

Generally, that is solved by much higher prices. Assuming the free market is allowed to operate, LOL.

Fri, 06/14/2013 - 12:41 | 3658477 jbvtme
jbvtme's picture

where are the lines for the german gold?

Fri, 06/14/2013 - 12:43 | 3658489 Buckaroo Banzai
Buckaroo Banzai's picture

LOL, better get your time machine ready. That shit got sold decades ago!

Fri, 06/14/2013 - 12:44 | 3658502 fourchan
fourchan's picture

the german slaves havent woken up yet.

Fri, 06/14/2013 - 12:48 | 3658525 Oracle of Kypseli
Oracle of Kypseli's picture

Considering how crazy things are, I expect the FRBNY to tell Germany 7 years from now that it rusted away.

Fri, 06/14/2013 - 15:53 | 3659231 JonNadler
JonNadler's picture

FED lost it in a boating accident off Jeckyl Island

Fri, 06/14/2013 - 12:53 | 3658554 Bastiat
Bastiat's picture

Assad stole all that German gold!

Sat, 06/15/2013 - 11:17 | 3660795 highwaytoserfdom
highwaytoserfdom's picture

FED 300 tonnes release by 2020 in JPM vaults..  QE x.0  dollar fiat economics 101

Fri, 06/14/2013 - 12:42 | 3658481 unwashedmass
unwashedmass's picture

 

my goodness. quite something. they should come to the US, where the people are too dumb to grasp what is going on......and are selling what they have to the street shop hucksters....for less than the current  
"fabulously high" comex prices

Fri, 06/14/2013 - 13:24 | 3658697 pods
pods's picture

But the dancing bears/clowns out front are too much to resist.

Can't forget the "cash for gold" parties either. Where you may go and get fucked giddy with all your friends and neighbors.

Of course, amerikans shit when they actually see cash, as exibited whenever I buy something.  If you pay for something worth more than $50 bucks in cash everyone looks at you like you are a drug dealer.

The brainwashing to digital is complete.

pods

Fri, 06/14/2013 - 13:55 | 3658825 oddjob
oddjob's picture

The great thing about digital transactions is they are reversible without your consent.

Sat, 06/15/2013 - 09:23 | 3660648 debtandtaxes
debtandtaxes's picture

Yup. I expect new laws in about 10 yrs requiring us to give the retailer our name and contact info when paying in cash in excess of $1000, then $500, then $100, then...

Fri, 06/14/2013 - 12:43 | 3658488 hedgelessWhoresMan
hedgelessWhoresMan's picture

Now that's what I'm talking about.

Fri, 06/14/2013 - 12:43 | 3658493 Atomizer
Atomizer's picture

Tradition Bitchez

Fri, 06/14/2013 - 12:43 | 3658497 stopthenewworldorder
stopthenewworldorder's picture

all this to buy gold for an 8% premium - amazing stuff - bear in mind this means that for weeks now the chinese have been buying (albeit not queueing to this extent) at over a 20% premium - the LBMA have a big big problemo

Fri, 06/14/2013 - 12:47 | 3658523 Conax
Conax's picture

Those premiums might splain where the GLD gold has been going.

Fri, 06/14/2013 - 12:44 | 3658499 A. Magnus
A. Magnus's picture

Free markets? The Fed don't need no stinking free markets! They need nepotism, corruption and graft for the inbred aristocracy, silly peasant!

Fri, 06/14/2013 - 12:45 | 3658501 stopthenewworldorder
stopthenewworldorder's picture

edit - the point being that this queue was created by a 'special' 16% discount - down from 24% premium to an 8% premium

Fri, 06/14/2013 - 13:30 | 3658726 Bring the Gold
Bring the Gold's picture

Yeah this is important to note. However, an 8% premium is still significant. It equates to over $110 an ounce at today's prices. That makes it 100% higher than what Kruggerands go for in the US ($55 over spot) even with the discount!

Fri, 06/14/2013 - 17:09 | 3659397 DoChenRollingBearing
DoChenRollingBearing's picture

My last purchases (after April's price drops) were about $95 - $100 over spot at the LCE for AGEs.

Fri, 06/14/2013 - 12:45 | 3658505 unwashedmass
unwashedmass's picture

 

ah. one question? why hasn't the NSA blocked these pictures from all US servers? summer friday hours? 

Fri, 06/14/2013 - 13:31 | 3658737 Bring the Gold
Bring the Gold's picture

They are reaching a point to where moves like that might happen at which point more folks will wake up. They peaked their power around 2009 from my estimates and have been slowly losing it ever since in terms of people being asleep.

Fri, 06/14/2013 - 12:46 | 3658512 Dr. Engali
Dr. Engali's picture

And the sheep here just sit back and rely on the empty paper promises of somebody else's liability.

Fri, 06/14/2013 - 12:47 | 3658517 fonzannoon
fonzannoon's picture

see my post above Doc, they have sheep too.

Fri, 06/14/2013 - 13:03 | 3658599 Dr. Engali
Dr. Engali's picture

Responding to your video on the Detroit thread. I have always felt that Detroit's future is to raze the ghettos and revert to an agrarian communal society. That is where the rebuilding will come from.

Fri, 06/14/2013 - 13:05 | 3658609 fonzannoon
fonzannoon's picture

I hope you are right.

Fri, 06/14/2013 - 13:26 | 3658712 pods
pods's picture

I saw a documentary about the collapse of Detroit, and there in fact were species moving back into the city limits again.  Pheasant, beaver, etc.

Nature has a way of cleaning up.

pods

Fri, 06/14/2013 - 13:33 | 3658744 Bring the Gold
Bring the Gold's picture

Yeah I read a story about a guy going full hunter gatherer in Detroit. A microcosm glimpse of what the future holds for much of (but not all of) industrialized society I suspect. Peak everything.

Fri, 06/14/2013 - 13:41 | 3658781 negative rates
negative rates's picture

Drove my chevy to the levy, but the levy was dry.

Fri, 06/14/2013 - 15:58 | 3659242 OS2010
OS2010's picture

My response, during the Cold War and Environmental Wars, to those who were worried about "Mankind destroying the Planet," was always "The Planet will be here long after we're gone, and won't even remember we were once here."

Sat, 06/15/2013 - 05:16 | 3660479 BidnessMan
BidnessMan's picture

George Carlin .....  The Planet is fine

http://www.youtube.com/watch?v=ovbF0D2wySI

Fri, 06/14/2013 - 13:20 | 3658677 NotApplicable
NotApplicable's picture

LOL WUT?

If Stalin couldn't pull it off, I seriously doubt that today's community organizers will fare any better.

Jamestown 2.0?

Fri, 06/14/2013 - 13:22 | 3658689 fonzannoon
fonzannoon's picture

One thing is for sure. Halftime is over and they are getting their ass kicked. Bullshit propoganda at it's best.

https://www.youtube.com/watch?v=_PE5V4Uzobc

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