Chinese man who bought 6.5 tonnes of salt hoping to profit from panic buying is now unable to sell it

Chinese man left in a pickle after $5,000 salt spree

Chinese man who bought 6.5 tonnes of salt hoping to profit from panic buying is now unable to sell it

BEIJING - A CHINESE man who bought 6.5 tonnes of salt, hoping to profit from panic buying spurred by fears of radiation from Japan, is now stuck with the US$4,000 (S$5,041) worth of the condiment, state media reported on Friday. The man, surnamed Guo, bought the salt in Wuhan, the capital of Hubei province, when rumours spread across China last week that the iodine in salt could help ward off radiation sickness, the China Daily reported on Friday. Salt prices jumped on the rumours, and, acting on a tip that there would be a supply shortage lasting at least six months, Mr Guo bough 260 bags of salt, which he took back to his apartment in three trucks. A few days later, the Chinese government urged consumers to stop the panic buying, saying residents will not be exposed to radiation from Japan's quake-damaged nuclear plant, causing a sharp drop in the price of salt. . Mr Guo...

Full article: http://www.straitstimes.com/BreakingNews/Asia/Story/STISt...

Comments

Jason Ling

26 Mar '11, 5am
OK la, there are worse ways to spend 5K. :)
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Tweets

@EarlVonTapia » 25 Mar '11, 5pm
Props to him for trying RT @nicolb @yongfook guy bought 6.5 tonnes of salt to profit from panic buying, can't to sell it [link]
@tipsfromasia » 25 Mar '11, 1pm
Tfa: lol RT @stcom Chinese man who bought 6.5 tonnes of salt hoping to profit from panic buying is now unable to sell it [link]
@babyQR » 25 Mar '11, 10am
Ownage! RT @stcom: Chinese man who bought 6.5 tonnes of salt hoping to profit from panic buying is now unable to sell it [link]
@clicknetworkNYK » 25 Mar '11, 10am
China guy buys $5000 worth of salt on a bad tip, now he's stuck cos he can't resell the goods! [link]
@darthyoon » 25 Mar '11, 7am
RLY AZN RT @stcom: Chinese man who bought 6.5 tonnes of salt hoping to profit from panic buying is now unable to sell it [link]
@Lindrake » 25 Mar '11, 7am
Chinese man left in a pickle after $5,000 salt spree [link] via @ziteapp #Karma don't profit from the unfortunate.
@phylliswx » 25 Mar '11, 6am
RT @wilfredphua: #winning RT @stcom Chinese man who bought 6.5 tonnes of salt hoping to profit from panic buying is nw unable to sell it [link]
@AlbertvdBroek » 25 Mar '11, 6am
RT @stcom: Chinese man who bought 6.5 tonnes of salt hoping to profit: just wait for the next Dutch winter I'd say..;-) [link]
@wilfredphua » 25 Mar '11, 6am
#winning RT @stcom Chinese man who bought 6.5 tonnes of salt hoping to profit from panic buying is nw unable to sell it [link]
@Fake_Suharto » 27 Mar '11, 3pm
RT @stcom: Chinese man who bought 6.5 tonnes of salt hoping to profit from panic buying is now unable to sell it [link]
@auturmis » 27 Mar '11, 12pm
RT @stcom: Chinese man who bought 6.5 tonnes of salt hoping to profit from panic buying is now unable to sell it [link]
@subtleinsanity » 26 Mar '11, 2am
RT @stcom: Chinese man who bought 6.5 tonnes of salt hoping to profit from panic buying is now unable to sell it [link]
@sibutttoes » 26 Mar '11, 2am
RT @stcom: Chinese man who bought 6.5 tonnes of salt hoping to profit from panic buying is now unable to sell it [link]
@jst79 » 26 Mar '11, 1am
RT @stcom: Chinese man who bought 6.5 tonnes of salt hoping to profit from panic buying is now unable to sell it [link]
@chelunz » 25 Mar '11, 5pm
RT @stcom: Chinese man who bought 6.5 tonnes of salt hoping to profit from panic buying is now unable to sell it [link]
@nicolb » 25 Mar '11, 5pm
RT @yongfook: dude bought 6.5 tonnes of salt to profit from panic buying is now unable to sell it [link] karma, asshole.
@Xlargemafia » 25 Mar '11, 4pm
Dumb!!! RT @stcom: Chinese man who bought 6.5 tonnes of salt hoping to profit from panic buying is now unable to sell it [link]
@RevolveDaryl » 25 Mar '11, 2pm
FAIL!! RT @stcom Chinese man who bought 6.5 tonnes of salt hoping to profit from panic buying is now unable to sell it [link]
@clochette_starz » 25 Mar '11, 1pm
RT @melodychia: Chinese man who bought 6.5 tonnes of salt hoping to profit from panic buying is now unable to sell it [link] / HAHA
@MidoriChunLi » 25 Mar '11, 12pm
RT @melodychia: Chinese man who bought 6.5 tonnes of salt hoping to profit from panic buying is now unable to sell it [link] / HAHA
@djmadbrad » 25 Mar '11, 12pm
RT @yongfook: dude bought 6.5 tonnes of salt to profit from panic buying is now unable to sell it [link] karma, asshole.
@Eddie7791 » 25 Mar '11, 10am
RT @stcom: Chinese man who bought 6.5 tonnes of salt hoping to profit from panic buying is now unable to sell it [link]
@cpalmieri » 25 Mar '11, 9am
RT @yongfook: dude bought 6.5 tonnes of salt to profit from panic buying is now unable to sell it [link] karma, asshole.
@Yisint » 25 Mar '11, 9am
RT @stcom: Chinese man who bought 6.5 tonnes of salt hoping to profit from panic buying is now unable to sell it [link]
@alwaesboo » 25 Mar '11, 8am
RT @stcom: Chinese man who bought 6.5 tonnes of salt hoping to profit from panic buying is now unable to sell it [link]
@mysticjen7 » 25 Mar '11, 8am
Loser RT @stcom: Chinese man who bought 6.5 tonnes of salt hoping to profit from panic buying is now unable to sell it [link]
@gohg » 25 Mar '11, 8am
Dumb! RT @stcom: Chinese man who bought 6.5 tonnes of salt hoping to profit from panic buying is now unable to sell it [link]
@nonex80 » 25 Mar '11, 7am
RT @stcom: Chinese man who bought 6.5 tonnes of salt hoping to profit from panic buying is now unable to sell it [link]
@teozixin » 25 Mar '11, 7am
RT @stcom: Chinese man who bought 6.5 tonnes of salt hoping to profit from panic buying is now unable to sell it [link]
@lambilly » 25 Mar '11, 7am
RT @melodychia: Chinese man who bought 6.5 tonnes of salt hoping to profit from panic buying is now unable to sell it [link] / HAHA
@wikwa » 25 Mar '11, 7am
HAHA! - Chinese man left in a pickle after $5,000 salt spree [link] via
@_Geewhyass_ » 25 Mar '11, 7am
RT @stcom: Chinese man who bought 6.5 tonnes of salt hoping to profit from panic buying is now unable to sell it [link]
@orbigood » 25 Mar '11, 7am
RT @stcom: Chinese man who bought 6.5 tonnes of salt hoping to profit from panic buying is now unable to sell it [link]
@heshootspeople » 25 Mar '11, 7am
Chinese man who bought 6.5 tonnes of salt hoping to profit from panic buying is now unable to sell it [link] (via @stcom)
@hongjone » 25 Mar '11, 7am
RT @stcom: Chinese man who bought 6.5 tonnes of salt hoping to profit from panic buying is now unable to sell it [link]
@TheGrouchHK » 25 Mar '11, 7am
RT @yongfook: dude bought 6.5 tonnes of salt to profit from panic buying is now unable to sell it [link] karma, asshole.
@_minmin » 25 Mar '11, 7am
RT @stcom: Chinese man who bought 6.5 tonnes of salt hoping to profit from panic buying is now unable to sell it [link]
@iMorpheus » 25 Mar '11, 7am
RT @yongfook: dude bought 6.5 tonnes of salt to profit from panic buying is now unable to sell it [link] karma, asshole.
@PipinGoldFish » 25 Mar '11, 7am
RT @stcom: Chinese man who bought 6.5 tonnes of salt hoping to profit from panic buying is now unable to sell it [link]
@octotong » 25 Mar '11, 6am
RT @stcom: Chinese man who bought 6.5 tonnes of salt hoping to profit from panic buying is now unable to sell it [link]
@tim0thea » 25 Mar '11, 6am
RT @stcom: Chinese man who bought 6.5 tonnes of salt hoping to profit from panic buying is now unable to sell it [link]
@shianux » 25 Mar '11, 6am
RT @stcom: Chinese man who bought 6.5 tonnes of salt hoping to profit from panic buying is now unable to sell it [link]
@silverbtf » 25 Mar '11, 6am
Fail. RT @stcom: Chinese man who bought 6.5 tonnes of salt hoping to profit from panic buying is now unable to sell it [link]
@titanlyy » 25 Mar '11, 6am
Chinese man who bought 6.5 tonnes of salt hoping to profit from panic buying is now unable to sell it [link]
@deadevelyn » 25 Mar '11, 6am
RT @stcom: Chinese man who bought 6.5 tonnes of salt hoping to profit from panic buying is now unable to sell it [link]
@bossanovababy » 25 Mar '11, 6am
RT @yongfook: dude bought 6.5 tonnes of salt to profit from panic buying is now unable to sell it [link] karma, asshole.
@LUKEHAND » 25 Mar '11, 6am
RT @yongfook: dude bought 6.5 tonnes of salt to profit from panic buying is now unable to sell it [link] karma, asshole.
@iBurp » 25 Mar '11, 6am
RT @_soliloqueer: HAHA LOSER RT @stcom Chinese man who bought 6.5 ton of salt hoping to profit from panic buying is now unable to sell it [link]
@jean1172 » 25 Mar '11, 6am
RT @stcom: Chinese man who bought 6.5 tonnes of salt hoping to profit from panic buying is now unable to sell it [link]
@quollism » 25 Mar '11, 6am
RT @yongfook: dude bought 6.5 tonnes of salt to profit from panic buying is now unable to sell it [link] karma, asshole.