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

To: philv who wrote (3923)	12/7/1997 4:19:00 PM
From: Ron Wilkinson	Read Replies (1) \| Respond to of 116814

Phil, your emphasis on "eventually" is probably correct. The more these countries devalue their currencies the less than can afford to buy. And if these governments are able to successfully convince their people to structure their savings/investments in a certain way (as appears to be in vogue some places in South Korea) then the people and governments will be buying very little gold in the future. I further doubt that the billion dollar IMF packages will be spent to buy gold either. Your assessment that these countries really can't afford it is accurate in these tired old eyes. Regards, Ron