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

To: Jim McMannis who wrote (43217)	10/17/1999 9:49:00 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 116760

The best thing is investing in the USA at much lower levels. <G> Now you're talking Jim. My opinion is that the Europeans and Japanese felt that the risk/reward equation for investing in US assets, mainly bonds, were not lucrative enough for them. (remember that most foreigners had felt the US was overvalued so they stayed away and missed all of that upside last year). So they created a temporary crisis in US assets in order to temporarily distract from their internal problems, as well as provide them the opportunity to pick up US assets on the cheap in order to give them a place for their growing piles of US dollars. And as I've stated before, the Japanese would rather devalue their Yen from as high a basis as possible since it will require such a major effort of at least 50% devaluation to break this liquidity trap they are caught in. Devaluing from a 100 yen to dollar basis is preferable than from when the yen was 120 to 140 per dollar. They can now buy up US assets on the cheap to help mitigate this destruction of wealth they are about to foist on their economy. Just my opinion. Regards, Ron