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

To: John Soileau who wrote (83764)	3/26/2002 2:37:07 AM
From: Richnorth	Respond to of 116760

FWIW, here is my opinion. Message 17245244

To: John Soileau who wrote (83764)	3/26/2002 5:37:22 AM
From: IngotWeTrust	Read Replies (3) \| Respond to of 116760

Hi, John...your thoughts? I've been kicking around this POG retail demand kicker wildcard post April 1, 2002 in Japan, and have yet to see anybody bring up this angle...(Not even ole Smurf has waxed eloquent on it...but since we all know he reads everything I write, it will probably show up in a soon to be released column<g>) ...with it being the 26th of March, I thought I might as well mention it. Much has been made of the Japanese: 1) documented, historical savings rate 2) the change in Japanese "insured savubgs/deposits limit status" after March 31, 2002 3) the upper insured change being approximately a paltry $87,000 per depositor 4) the documented increase in imported gold by Japan in this quarter over last year for example, 5) the documented increase in retail sales of gold as opposed to platinum to retail consumer in Japan What I'm not hearing and am wondering if you have, is this: I'm hearing nothing about the fact that if so much conversion of "over $87,000" insured funds has already gone into gold, where are pundits thinking NEW savings by the obviously thrifty Japanese is going to go? I mean, once a "ceiling" has been reached, are we goldbugs going to witness a continued conversion into physical gold from April 1, 2002 forward by the thrifty Japanese who has already hit the ceiling and has few other "safe havens" for their debauched currency. Have you seen any estimates? Their love affair with their own stockmarket is toast. Ditto their real estate speculation. Ditto their appetite for US debt instruments. And we certainly creamed them but good with their investments in our dot.bomb debacle. So, have you read anything worth noting/sharing regarding what is thought to be going to happen from April 1, 2002 forward with Japanese savings vehicle and its possible relevance to continued gold demand going forward from that disenchanted and targeted sector, aka the thrifty savings oriented Japanese national? Thanks. Looking forward to your reply. g_t