Social Media Sparks Gold-Buying Frenzy in Iran A sudden rush to buy gold in Iran on Sunday was driven by a religious superstition spread through social media. Influencers claimed that purchasing gold on the 13th day of the Islamic month of Safar would bring prosperity, attributing this advice to the sixth Shia Imam. This led to unprecedented crowds at jewelry shops, with people buying small gold items or symbols of desired possessions. The phenomenon highlights the power of social media in shaping beliefs and behaviors, as well as the economic anxieties of a society with diminished purchasing power. While some view it as a marketing ploy by goldsmiths, others see it as a reflection of widespread superstition and the search for hope in challenging economic times. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts S&P 500 Breaks 5,000 Mark Amid Anticipation for Key Inflation Data READ MORE Cash-Strapped Pakistan to Introduce New Series of Currency Notes READ MORE Inflation Has Shifted How Everyday Americans View the Economy READ MORE Ray Dalio's Risk-Parity Strategy Falters, Prompting Massive Investor Pullback READ MORE Gold Market Holds Breath: Powell Speech and Payrolls Report in Focus READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment