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To: sun-tzu who wrote (138988)	12/17/2001 3:45:18 PM
From: yard_man	Read Replies (1) \| Respond to of 436258

gold already has ramped in some of those other currencies ...

To: sun-tzu who wrote (138988)	12/17/2001 3:46:22 PM
From: Siddhartha Gautama	Read Replies (1) \| Respond to of 436258

only countries whose exports compete with that of japan need devalue competitively nah?

To: sun-tzu who wrote (138988)	12/17/2001 3:57:43 PM
From: yard_man	Read Replies (1) \| Respond to of 436258

how do other countries devalue?? There is more than one route -- buying dollars isn't the only option. Moreoever, what would Japan get from a de-valuation -- it's not going to increase exports to any extent ... I think this possibility is over-rated.

To: sun-tzu who wrote (138988)	12/17/2001 4:42:00 PM
From: NOW	Read Replies (1) \| Respond to of 436258

devaluing your currency makes your citizens more apt to want something of value: ie own gold. Gold will do great against the yen if they devalue and hence this route ties in dovetail with a gold run, not fall....

To: sun-tzu who wrote (138988)	12/17/2001 5:32:04 PM
From: LLCF	Read Replies (1) \| Respond to of 436258

<reason being that yen devaluation requires other countries to devalue their currency in order to maintain any semblance of competitive pricing. while the dollar remains the standard, we will stay artificially elevated. yet, we too, are in a deflationary quagmire. it's the imminent and significant yen dominoe that i feel in the short term will keep gold pinned down. gold will ramp, but only when the clowns just wake up and they realize the shit has hit the fan. > I agree with your assesment except that assuming gold unchanged it's value in local currency will spurt everywhere in Asia [that you're talking about]. Wether this creates more demand remains open... I don't personally see how it could lessen demand for gold on the investment side. Also, if countries want to devalue their currency vs the yen [ie. keep up with the yens slide] I would think they would keep their eye on that ball [buy yen, sell local], why futz with the dollar... I think the Japanese [atlas] will have to carry that ball on it's shoulders. DAK