The Math Behind Italy's 28,000 "Cash For Gold" Outlets

[Jay]

good ZH article, what I found interesting was the "new European market". Talk about a canary in a coal mine....

snip:


Aug. 27 (Telegraph) – Unilever will adopt marketing strategies used in developing countries in order to drive future growth in Europe.

Then we find out that Unilever will market to Europeans like they do to Indonesians:

“In Indonesia, we sell individual packs of shampoo for 2 to 3 cents and still make decent money,” said Mr Zijderveld. “We know how to do that, but in Europe we have forgotten in the years before the crisis.”

http://www.zerohedge.com/news/math-behind-italys-28000-cash-gold-outlets

 

[pmbug]

Austerity for the people, bonuses for the bankers.

 

[BigJim]

People in Italy,Spain,Greece & everywhere around the world are selling their Au teeth & whatever to eat & pay bills.
What happens when they run out of teeth & jewelry??? Not Pretty.
Gold has become a huge export in Italy....True wealth leaving for paper..
JMHO

GOD BLESS OUR TROOPS!!!