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Gold/Mining/Energy : GOLD-XAU
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To: IngotWeTrust who wrote (23)11/17/1997 6:14:00 PM
From: Don Green  Read Replies (1) of 1756
 
As for your question What are they the Japanese buying?
NOTHING. that is my point. Japanese are generally conservative consumers, and BIG savers. I would estimate the average savings per family in Japan is around$50-100K, and little debt. Most Japanese are remodeling their homes rather then buying new.
They are lacking little, their problem is they don't demand enough from their govt. They never complain or bitch!, where Americans are just the opposite. As for Gold I know many Japanese who have gold bullion setting underneath their tatami mat floor in their dining room.
I am a (early retiree) Stock Day Trader living in a suburg of Microsoftville.
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