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Pastimes : All Clowns Must Be Destroyed
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To: BGR who wrote (37612)6/2/2000 11:47:00 PM
From: pater tenebrarum  Read Replies (2) of 42523
 
they have done great while the Yen was falling vs. the dollar. the yen lost 50% of its value vs. the dollar from peak to trough, while the dollar gold price lost only 25% during the same time period. thus the gold price in Yen was rising from early '95 until late '98.

'paper assets' refers to stocks and bonds...not cash. in the 1930's stocks and bonds (ex government bonds) were dumped en masse...gold was hoarded, until FDR confiscated it.

good night...
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