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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Terry Whitman who wrote (150395)2/9/2002 8:56:24 PM
From: Joan Osland Graffius  Read Replies (1) of 436258
 
Terry, >>I wouldn't bet on the Japanese public to be right on gold any more than anything else

My view of the Japanese buying gold is they don't have much of a choice. The currency is devaluing and their bank deposits above $75,000 are not going to be guaranteed after March. They do not get interest income on government bonds. Am assuming the ordinary person on the street can not buy US$'s at their local bank.

It was clear to me that when the Japanese government started this devaluation process the smartest thing for the citizens to do was buy gold/presious metals or buy gold/presious metal stocks that pay good dividends. IMO, it is probably the best performing asset in Japan since devaluation started.

Joan
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