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

To: Wizzer who wrote (10985)	4/30/1998 12:02:00 AM
From: Larry Haraksin	Read Replies (1) \| Respond to of 116764

I remember reading in one of the news magazines like Businessweek or Newsweek in January that Bank of American has been working on their Y2K remediation for 5 or 6 years. They are now 35% of the way done. What will probably happen next year is a debate among depositors. Should I chance leaving my money in a financial institution where I may loose access to it??? The money won't disappear but withdrawl restrictions similiar to Maryland's Continental bank in the 1980s could be used as a model. If people withdrew enough money to create a bankrun then President Clinton could sign an Executive order slowing down the drain of capital from the banks. However, this may indeed have the opposite effect (kinda like trading restrictions) where the people will take out the maximum. The debate will bring into the forum the soundness of our money system and gold as an investment will shine. It would probably be prudent to hold gold stocks through the run up into January 1999 then cash out of the currency money into something more tangible.