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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Mark Bartlett who wrote (35845)	6/24/1999 6:31:00 PM
From: Hawkmoon	Read Replies (2) \| Respond to of 116768

Gold offers some of these countries some independence they would not otherwise have. What about the ones who possess no gold?? Japan is not exactly the most mineral rich nation on earth. Yet look at the progress they made in just a little under 40 years after being devastated in WWII. How do you explain that particular situation except that the Japanese are hard working and smart. (of course they are in deep recession, but that doesn't negate what they accomplished). The Japanese certainly didn't consider themselves "enslaved" and they possessed very little gold, except that which they acquired through business transactions. But maybe the slavery comes from not having to be forced to diversify their economy. The Arab states provide an interesting example of how a surplus of one particular commodity can leave them vulnerable to market shocks. Regards, Ron