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To: Albert V who wrote (5862)	1/14/1998 6:17:00 PM
From: Robert Floyd	Read Replies (1) \| Respond to of 116790

Why is gold dropping? In my opinion: Part of the reason is that selling gold seems to be the way Asian countries are raising dollars to meet their dollar cash requirements. With the big sell-off of gold by these countries, the supply of gold on the market is too high, leading to the drop in gold prices. The fact that gold is dropping feeds on itself and this too causes gold prices to fall. Momentum kicks in and panick takes over. I am not surprised that the current situation has caused gold prices to drop. Part of the reason is that the faith in gold has been diminished, with several countries choosing to sell most or much of their gold reserves. If a product is to demand a price higher than would be required for an industrial commodity, it is able to do so only if the purchaser places additional value in it. Gold has lost a great deal of its shine and will act more like a commodity than an investment strategy in the future.

To: Albert V who wrote (5862)	1/14/1998 6:49:00 PM
From: Mike M2	Read Replies (1) \| Respond to of 116790

Albert, thanks for the note about Japan. Based upon limited reading I had the impression that Japanese society was racist to some extent and I thought MB over reacted to Ron's note but did not have specifics to back it up. I do recall a Japanese trade official said some years ago that US productivity was hurt by the minorities in the US work force. This was some years ago and the details have faded some if someone can elaborate please do. Ask the Koreans and the Chinese how they feel about the Japanese .They have not forgotton the conduct of Japan during WWII. Mike

To: Albert V who wrote (5862)	1/14/1998 7:18:00 PM
From: Broken_Clock	Respond to of 116790

Albert, I agree with you.I live in Hawaii, a truly diversified population.I am white, a minority here.Lot's of bigotry here directed at white people.I grew up as a military brat so I was on the outs whereever we lived because we were no "locals".I've seen bigotry everywhere.Saying it shouldn't exist is fine, but it does.It's very true that Asians don't think too highly of the USA.Our economy suffers in Hawaii because Japan refuses to allow us to export fish produce etc. Dave

To: Albert V who wrote (5862)	1/14/1998 10:32:00 PM
From: Mark Bartlett	Respond to of 116790

Albert, <<I sympathize with both you and Ron. I have heard many times from people who have travelled to Asia that they love the place, with a couple of reservations: Ron isn't making it all up.>> My fear though, when I hear comments such as were made, is that they are applied to all Asians .... my comments were directed to the "average Asian person", whom I suspect, is pretty much concerned with many of the same things you and me are concerned about .... raising families in a safe area, good education, good medicine, etc. The tone that I heard, that I did not like - was that they were the enemy. The world has had enough of that. They are tough trading partners no doubt, (like I suspect we are), but they are just people trying to get the best they can for themselves. As far as bars where only Japanese are served - well IMO that is wrong - I hope they wake up to that fact one day. MB

To: Albert V who wrote (5862)	1/15/1998 12:12:00 AM
From: Richnorth	Read Replies (2) \| Respond to of 116790

You wrote: Japan wouldn't let high quality USA rice be sold in Japan as is because they were afraid the people would get to liking it, so they mixed it up with cheap THai rice to water it down. Are you starting to get the picture? Oh really? BTW, do you happen to be a rice eater? I don't think you are. If you eat rice often, you will appreciate that different varieties have different flavors (that is, each type of rice has its characteristic flavor). And you won't get to know this unless you eat rice daily as the Japanese do. I understand that the Japanese people are so accustomed to eating their own and other Asian varieties of rice (and liking what they eat) that to them American (or Texas) rice is quite insipid by comparison. So, in order to inject a dash of flavor into the rice imported from the USA, they mix the imported rice with Thai rice. The truth is they prefer their own Japanese rice which they also like to ferment to make saki. But shortages compel them to import from Thailand and from the USA (by way of showing they are opening at least one of their markets to an American product). To say that they deliberately mix Thai rice to the USA rice to prevent their people from liking the "high quality USA rice" seems to me to be a rather biased interpretation of an observation. Personally, I find "high quality USA rice" to be inferior to Triple A quality rice, imported from Thailand and Basmati rice from India, where taste is concerned. Also USA rice often does not keep well (longer than, say, 12 hours) after cooking. And just like us, foreign visitors also have a lot of negative stuff to say about us. And very often it is all due to mistaken interpretations of observations or sheer ignorance or bigotry or pure sanctimonious sh*t. You don't happen to be a rice exporter, or are you? (grin) Regards, Richnorth