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Gold/Mining/Energy : Gold Price Monitor
GDXJ 98.04+0.4%Nov 11 4:00 PM EST

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To: ahhaha who wrote (43641)10/23/1999 7:48:00 PM
From: Hawkmoon  Read Replies (2) of 116756
 
You can't buy Ripple down at the local Mom and Pop with a yen note with Tojo's face on the front. They'll gun ya down.

But I can take a US greenback to almost any nation on earth and quite likely have it accepted. Certainly it would be in Russia or S. America. And Deutche Marks are the preferred currency in many parts of Europe (especially in Serbia).

I'm taking in your weighty words and chewing on them thouroughly.

I guess $100 dollar question here is exactly what will Japan have to do to spur domestic consumer demand and get their economy back on track?? And considering that the demographic picture in Japan suggest that 1 in 4 of their population will be above 65 years of age in aprox 12 years, the demand upon their Social Security agencies will be incredible.

And all of this time, domestic value of the Yen (as you rightly put it) is increasing for the Japanese consumer. Yet that very same domestic value is decreasing the competitiveness of their export industry and putting people out of work.

I would be interested in seeing what you foresee as happening in Japan and some of the consequences globally.

Regards,

Ron


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