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To: IngotWeTrust who wrote (5268)1/5/1998 4:34:00 PM
From: Bucky Katt  Read Replies (1) | Respond to of 116823
 
49r--In the end, do you think the crooked S. Korean political game and the IMF will do to S. Korea what the north couldn't?

Couple of weeks ago I saw newspaper pictures of people over there giving their gold baby rings to the "cause"
They sure do have the spin down!! Anybody seen George Stephenopolis?



To: IngotWeTrust who wrote (5268)1/5/1998 7:09:00 PM
From: goldsnow  Read Replies (1) | Respond to of 116823
 
>>>7 years ago, it took 25 Rus rubles t'make 1 lousy US greenback's
exchange, even with robber baron's cut outta das mitt‚!>>

Ole rouble is not an exactly good example. 20 years ago 1 ruble equaled 1$ the only problem that was for foreigners, that was extraction money, you could change into roubles but not back.
Than of course one does not measure how many roubles, more important how much time the worker must work to buy same product.
e.g bread, car, refrigerator, apartment rent. For example to ride all day on subway was 20 c, and rent was $10 and so on, but even that was of no use as far as comparison goes. Ordinary person could not go on vacation to Spain no matter how much roubles he had ($ were not allowed) Nor he could buy anything foreign (except for few)
Imagine it was a priveledge to have Sony Recorder or Beatles records)

Now the problem is opposite too much $$, when $$ dry up, as they sure would than Russia is far worse than Korea (they produce nothing, zero
and they are very angry and well, very well armed...



To: IngotWeTrust who wrote (5268)1/6/1998 1:17:00 AM
From: Jim Ilchyshn  Read Replies (3) | Respond to of 116823
 

Kor. Au'll B surrendered 2 IMF 4 'puter debits," a drop N t' bucket. Tis so sad I can't bear to watch the spin on this story.


Who needs gold confiscation when you can use trickery to get the people into handing in their trinkets?

From the latest issue of International Speculator, by Doug Casey:

" Talking about opportunities, let me put something here in bold print, so there;s no mistaking it. The last time I did this was in March of 1995 when I used bold print to say it was looking up for the mining stocks - an accurate forecast, and one which didn't take rocket science to fugure out. So let's try it again. THIS IS A MAJOR BOTTOM FOR THE MINING STOCKS, AS WELL AS FOR GOLD. BUY THEM NOW, AND THE CHANCES ARE EXCELLENT YOU'LL SEE 300-1000% APPRECIATION OVER THE NEXT YEAR.
I hope that was pretty clear. "

I guess time will tell...
- Jim.