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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (6184)	5/26/2002 3:20:25 AM
From: macavity	Respond to of 33421

There was an FT article (a few weeks ago) that seemed to imply you just walked into a shop, paid your Yen, and walked out. I think the guys who buy it have to take the self-storage option. I doubt the banks would help them out with deposit boxes etc. If the number of Japanese buying gold has doubled then I think it is only because the initial number was so small a few years back. You are right, I can safely say that foreigners are more concerned about the Japanese Banks financial health than any Japanese I have met. A quick question to anyone. Has the Swiss central bank been any part of the CB sales over the past years? They have always done things their own way, and I wonder what they have been upto with all their years of storing OPM (other peoples money). You very rarely hear of them printing money. I read somewhere that historically ALL paper currency regimes have failed due to the guys in charge printing their way into trouble. I guess this time it might be different -macavity