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Gold/Mining/Energy : Gold Price Monitor

GDXJ 114.30

-0.5%

Dec 12 4:00 PM EST

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To: goldsnow who wrote (3988)	12/8/1997 7:18:00 PM
From: Bobby Yellin	Read Replies (1) of 116814

the easy part thanks for supplying this "Japan ..foreign reserves with about $228 billion".. I didn't understand a lot of what you wrote...and I don't want to miss it.. do you believe it is all dominoes because our "world leaders" just know how to get elected? rather than know how to run a country like a good corporate leader(I believe there are some) or what..I am not a student of history( except for ancient Rome more years ago than I want to remember or can remember)... why do you think it was out of their hands..(I thought the banking fiasco started because the tax laws were so prohibitive about Japanese real estate that nobody could afford to sell it and so the banks let people borrow against it and margins went sky high until real estate collapsed..) I don't understand what you mean about the aging population...I know Japan's has a huge aging population...also a huge pollution problem which might create health costs down the road..but they don't have the costs of the US (lawsuits and penal system).. have been told repeatedly their crime is so very low.(partially because they are so homogeneous(acquaintance told me if you were to leave your wallet in a club..somebody would call you up and be quite upset that you let it).(off the topic I started thinking today about all the welfare reform in the states and the drop in welfare recipients and the rise in soup kitchens and began to wonder if there are a lot more people in prison now than ten years ago and is that where the welfare recipient goes for shelter and food?)anyways.. Do you really think Rubin is a wizard and a prophet and hasn't contributed to this massive paper bubble? He definitely knows how the markets work..(ps I think is a very honorable man)..but I wonder if it wasn't also at his instigation to talk down gold..since he knows all investors seem to look at gold as an inflation indicator and as low as gold stays low..people won't look for inflation in real estate or paper assets but will just keep on gobbling up more paper assets.. With all the money Japan has ..it would seem wise that they convert a lot of it into gold so by the time they get their act together the US dollar and stock market might do the freefall and then what will their vast reserves be worth... why can't they print more money? what harm at this point will it do.. bobby (very serious)

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