I don't know how it is for you in the US, but here the jewellers have recently been fielding TV ads offering to buy your gold. What a favour they are doing for you.
PS
Barry Ritholtz shares in a strange, ecstatic group experience.
This, I suggest, is a sign. Norman Cohn's mediaeval history "The Pursuit of the Millennium" notes that at times of great societal stress, there were mass outbreaks of spontaneous frenzied dancing, singing, visions.
Unconsciously perhaps, Ritholtz connects the two, for just before he describes the happening he says, "The multitudes were slowly moving thru the mass transit walkways like cows being led to slaughter." The people are feeling the fear and reaching for joy.
2 comments:
the crowd thing is very interesting and with much potential; and i think you are right in suggesting it will play its part in the coming months and years
(the other great mass phenomenon is when, in a very noisy place, the hubbub inexplicably subsides to near-silence for a short while)
but, let's face it, not at all rare - go to any well-attended sports fixture with a 'knowledgeable' crowd, and watch (thrill to) how the sudden, universal intake of breath occcurs when the mob spots a tiny, off-the-ball incident, or a split-second of great skill
sometimes spontaneous, but sometimes orchestrated (by a Wagner, or worse ...)
the crowd can do great things; but it also lynches people
it will play its part in the coming months and years
In the US, the 'let us buy your gold' ads have been running heavily for over a year now.
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