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Gold/Mining/Energy : GOLD-XAU -- Ignore unavailable to you. Want to Upgrade?

To: IngotWeTrust who wrote (23)	11/17/1997 12:58:00 AM
From: Don Green	Respond to of 1756

I lived in Japan for 15 years until Jan 97. Japan is restructuring their society, just like America has, it is just they are SO SLOW in making change. What they have done is stop making the cheap exports and are more concerned with the hi-end big profit high tech items.. The Japanese people have Trillions of dollars sitting in The Japanese Postal saving system earning almost nothing. But when they finally get their act together American better watch out. As I said Asians lOVE Gold, it is almost religious, and with 1/4 of the world is Chinese and they are starting to get money for the first time, they WILL BUY GOLD. So all I am saying is Naive Americans don't be short-sighted..Asia is having a rough time, and Japan should not be included with these other Asian countries, remember they are second to American and will have a say in what happens in the world. How quitly Americans forget...

To: IngotWeTrust who wrote (23)	11/17/1997 6:14:00 PM
From: Don Green	Read Replies (1) \| Respond to of 1756

As for your question What are they the Japanese buying? NOTHING. that is my point. Japanese are generally conservative consumers, and BIG savers. I would estimate the average savings per family in Japan is around$50-100K, and little debt. Most Japanese are remodeling their homes rather then buying new. They are lacking little, their problem is they don't demand enough from their govt. They never complain or bitch!, where Americans are just the opposite. As for Gold I know many Japanese who have gold bullion setting underneath their tatami mat floor in their dining room. I am a (early retiree) Stock Day Trader living in a suburg of Microsoftville.

To: IngotWeTrust who wrote (23)	11/18/1997 7:58:00 PM
From: maintenance	Read Replies (1) \| Respond to of 1756

Hello, I am new to this and have some questions. What is XAU? I thought the Japanese were net lenders, is this not the case? Countries thoughout the world have been moving further to pure fiat money and away from any standard or backing. It seems to me that this has been working. Would it not then be expected that the POG would drop as it is only good as any other commodity? The currency discussions, regarding asia and Japan, is this likely to cause a rise, fall or no change in the POG. I would expect a rise yet short seems to be the agreed place to be? I hope to be able to better understand the discussion in the future but for now you guys are over my head. Thank you in advance for your patience with a new guy. I shall keep reading and learning Cheers