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

To: Ahda who wrote (3413)	11/22/1997 5:51:00 PM
From: Terry Rose	Respond to of 116815

I spoke with a friend at work who is from the Phillipines and inquired on how the currency crises was affecting people over there. She said that prices were going up ie. a pound of chicken was double in price than before the crisis. She also said that they kept gold in their homes for obvious reasons, she also said that Vietamese and Chinese were greater hoarders of gold than the Phillipinos. Considering the size of the Far East the demand should remain high. One other interesting thing she said was that they increased their gold purchases before the currency crisis. Considering the gold purchases in China before their storm, I would predict that it is quite high and substantially understated. The same thing holds true in the USA with our gold purchases up also. To listen to the media, you would come up with the opposite conclusion, which leads me to believe that you should to do the opposite of what you hear on the television or read in the newspaper to succeed in investing. The name of the game is to win, I feel like I have the winning hand and all that is necessary is to stay in until all the cards are played. The media's role is to bluff me out of position, so far they haven't come close. As far as finding out who the main players in the World Bank it sounds like a lot of work; we might find out some Central Bank types or some generic workers who represent the big boys who are in the shadows.