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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 464.71

+1.5%

Jan 26 4:00 PM EST

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To: carranza2 who wrote (47234)	3/8/2009 1:59:12 AM
From: TobagoJack	Read Replies (3) of 219782

we are wagering against wastrels such as featured here news.bbc.co.uk , and i feel very comfortable In an above-average house in an upscale neighbourhood of a decidedly well-to-do area, the wine flows, the laughter cascades and the canapes are politely declined. About 15 women are gathered in the spacious kitchen/dining room of this comfortable home in California's Orange County, all showing off their jewellery. Incomes in "The OC" are 25% higher than average for the state and unemployment lower. But even here, the US recession is biting. House prices have fallen nearly 30% in a year and now about one home in every 250 is at risk of foreclosure, or repossession. America's wealthy are hurting, so this is a get-together with a difference: a gold party. Guests bring old unwanted jewellery and sell it. It is tupperware for tough times. Not so much a bring-and-buy as a bye-to-bling. Erin Stevenson says the parties are a fun way to sell gold ... cheers, tj

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