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Gold/Mining/Energy : Gold Price Monitor
GDXJ 121.02+0.7%4:00 PM EST

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To: long-gone who wrote (39693)8/27/1999 12:59:00 PM
From: Hawkmoon  Read Replies (1) of 116844
 
OT:
but would it not be better to have the truth out there and worry less about the spin?

I don't know... as you and others have stated previously... everyone is MORE AFRAID of mass reaction to the uncertainties surrounding Y2K than whatever the actual effects will be.

Given the economic and financial stress that has been going on in Asia for the past two years, who's to say that ignorance isn't "bliss"??

Who are we to issue such a statement that lacks any evidence, one way or another, about what the fallout will be of Y2K related disruptions.

I had a discussion the other day with someone involved in the issue and we were discussing prescription drugs and what type of suggestion should be made. I basically advised a 30 day supply, with the understanding that if there were disruptions of drug supplies in certain nations, then it would be incumbent upon the patient to return to a location where those drugs were available (namely the US).

I mean.. let's get real here (I told my friend)... We don't know what kinds of disruptions will occur, but if they are severe, then it will no longer be a matter of advising US citizens, but of evacuating them (or providing relief flights of needed drugs... etc).

So rather than instigate a panic months ahead of time, the issue should be how to deal with disruptions and developing contingency plans to resolve and minimize disruptions.

I really have preferred the psychology of looking at Y2K as a challenge to be met and overcome, than a situation where we should be heading to the hills.

Personally, if it requires declaring bank holidays and shutting down the stock markets in order to prevent a massive panic, then so be it. People are their own worst enemy and move as a herd, no matter whether or not the leader of that herd is leading them to slaughter or nirvana.

Regards,

Ron
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