Today I went and bought a little bit of gold. At the coin shop, there was a lady behind me, middle aged. She had a gold coin in a pendant on a gold chain. She told me that she was there to sell it. She asked me what it might be worth (a gold 1971 Rand, a coin I am not familiar with). I asked her if could examine it, it seemed to weigh about 1/5th of an oz. So, I told her maybe she could get $300, but that the coin shop guy was the expert, not me.
She then dropped the bomb: margin call...
I wished her good luck.
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There is real pain out there due to the meltdown this week.
"She then dropped the bomb: margin call..."
ReplyDeleteNo. Farking. Way.
Seriously?!
The little anecdote is completely true.
ReplyDeleteWow.
ReplyDeleteClearly, the Principle of Maximum Ruin is in full swing!
Yes, and lots more pain coming I am afraid. I will be manning my desk Sunday evening, computer all fired up.
ReplyDeleteAnd I am here with you Robert.
ReplyDeleteI like this story. Glad you were smart enough to load up this Fri., good timing this time. :)
ReplyDelete