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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Thomas Haegin who wrote (1195)	1/19/1998 7:24:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 9980

Thomas: May be this what the 'Asian Value' that Worswick was talking about, you think?

To: Thomas Haegin who wrote (1195)	1/19/1998 8:00:00 PM
From: Stitch	Respond to of 9980

Thomas; <<My take of the collective Gold collection is more about culture: What amazes me completely is that people join and collect gold, believing they can bail out the country!>> Please see my post to Zeev, #1182 below. No one in Korea is "donating" the family jewels to bail out the country. Far from it. What they get in return is a dollar based savings account. Something they want anyway. Dollars. This is a case of someone smart enough to recognize a way to beef up the bank's dollar reserves while fullfilling a market need/want. I think it is quite brilliant. Best, Stitch