SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: Little Joe who wrote (11506)5/12/1998 12:34:00 AM
From: PaulM  Read Replies (1) | Respond to of 116834
 
"What implications can you draw from it?"

It seems to me that some of the money withdrawn from Japanese accounts will go to other banks. But some has to be finding its way to physical gold.

As for Japan's banks, they have some big ones. "Too big to fail," but maybe impossible to save. I think an international banking crisis is possible.

Maybe others on this thread know more about the potential implications.



To: Little Joe who wrote (11506)5/12/1998 12:44:00 AM
From: PaulM  Read Replies (1) | Respond to of 116834
 
"Any area having curency problems tended to be a buyer of hard assets...like gold recently"

And much more to come.

crbindex.com

Scroll down to the precious metals story and click. Good Night.