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

To: PaulM who wrote (2742)	11/2/1997 3:00:00 PM
From: Heretic	Respond to of 116823

I wonder what be the fallout of this... US Bank Took Nazi Gold as Collateral for Loan yahoo.com

To: PaulM who wrote (2742)	11/2/1997 7:39:00 PM
From: Bobby Yellin	Read Replies (1) \| Respond to of 116823

I think the gold rally won't come until the recession..I hope you are right and I am wrong.. about technology..I know a lot of people say what you say but I don't..hope I am not just being a contrarian.. technology these days have created a lot of new and boring and tedious jobs..it has gotten so convoluted with all the software packages that a lot of people now need to be trained to train users and since they keep on upgrading their packages they keep on training and consulting etc..now even really skilled people are totally dependent on somebody elses logic or lack of logic...it is self perpetuating. .now the internet has created a ton of jobs and to do webdesign..I am positive there are a ton of high school kids who can't spell but can use the spell checkers and who aren't good in math but who could have an easy time designing some fantastic sites..(content might be another issue though) there are still a lot of tellers at banks..(atms) there are still a lot of receptionists but probably now they have to do data entry rather than answer phones... if the government had just encouraged say some businesses or home buying with low interest rates I would agree with you.. I think instead by bailing out banks etc.with low interest rates,,with trashing gold or currency backed by hard assets etc .the government has created this mania which has still left Japan in a recession after five years but holding our debt which they may have to cash in since they have such a huge position in Hong Kong although the government here says that the meltdown in SE Asia means nothing to us...(let us see if the Japanese banks are forced to dump)(sorry about the long sentence).. the government has created this bubble where fixed income people have to be hurting...where the majority of savers now have had to get into the market since fixed income is returning next to nothing..(even though there is no inflation(I usually translate that into good wage increases)..everything else is going up..and usually down in quality.. (healthcare?) so a lot of bankers,financial people etc,corporate heads have made out like bandits..thanks to Greenspan and co.. me