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To: goldsnow who wrote (4239)	12/14/1997 12:21:00 PM
From: PaulM	Read Replies (2) \| Respond to of 116753

Bloomberg headline: "Japan's ruling Liberal Democratic Party may propose spending up to 15 trillion yen ($115.3 billion dollars) in public funds to stabilize Japan's troubled financial system," said lower LDP members.

To: goldsnow who wrote (4239)	12/14/1997 12:34:00 PM
From: TD	Respond to of 116753

The world view: If you were Asian and owned gold right now you would be very happy, why? Because in terms of your currency you were protected, in terms of baht,won et al the purchasing power remained intact. Americans tend to view gold only in terms of US dollars because they do not understand gold. Scared to invest in gold but deep in your heart you know somehow it will provide some sort of a stable feeling to your "soul"? First prices are low; 18 year lows, what does the thinking person do? First make a decision and stick with it! Simple take your 5% or 10% of funds that you plan to allocate to gold and dollar cost average over the next three yers or ten years, you choose, since none of us has a crystal ball it is pointless to pick the exact turning point, if you have merely 5% of your assets in gold how harmed can you be?, on the other hand if gold becomes king over the dollar with the politicians doing everything in their power to prevent / distort and spout denial, then you will be very happy you chose to trust something that is the same anywhere in the universe versus the current "dollar" ie. Federal Reserve Note, that may go the way of previous american currencies remember " Not worth a Contiential", The greenback failed also, the history of this country with it's currency is less than stellar. We are living in interesting times the truth is hard to find, but it is true an ounce of gold is something that will remain the same regrdless of it's "value" in won , pesos, baht, FRN's, yen, franc's or oranges.

To: goldsnow who wrote (4239)	12/14/1997 1:47:00 PM
From: Bobby Yellin	Read Replies (3) \| Respond to of 116753

If things were so good why is there such a high rate of bankruptcy? High tech wages have been going ballistic anyways.. I still think most of these government figures are a bunch of something or other..if the average credit card holder has 6500 in debt on the card..the average credit card holder can't buy too much more.. I would really love to see what most of these jobs are that have been created..in other words..I think our great economy has been exaggerated by all..(even that there is no inflation..ho ho)(there are a lot of jobs but how many really good ones..how many Americans are underemployed?underbenefited?underwater? I think consumer confidence has been confused with consumers not worrying as much about losing their jobs rather than a sense of well being..(if people felt so good why in the world have they been mortgaging their houses to buy securities for their retirement) I don't think the Asian problem is temporary but somehow I can't reconcile this increase in all the little capitalists around the world now with a depression on the horizon... I feel like a jerk going against Joseph Battapaglia(sp)(because his track record is so good..and I wish somebody would ask him about the IBM's earnings and the Year 2000) but I can't see how the Dow can go to 10,000 with the Asia collapse and the Year2000 cutting into corporations,especially here, budgeting for that rather than for new equipment..(I am not bullish on multinationals but I guess I think the growth can easily be sustained in our small companies where most of the job growth has occurred and has fueled the recovery?) I never saw how much we exported to SE Asia versus how much we imported..how much we manufactured overthere and exported to the rest of the world..US would obviously save on cheap labor now..if US is a 70 percent service industry anyways..how much is that service here and there..blah blah blah... I guess the USA is self sufficient in resources etc...I guess I currently am viewing SE Asia as a vaporization of some liquidity to fuel the world equity market but that our economy is not dependent on SE Asia.. am I kidding myself? bobby-- please cut down some of my incorrect assumptions..okay?