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To: PaulM who wrote (11966)	5/20/1998 9:56:00 PM
From: Broken_Clock	Read Replies (2) \| Respond to of 116823

Paul, to most boomers, the only event they have seen in their lives relating to gold is the 79-80 spike and subsequent collapse. They have experienced the biggest bull ever in stocks just as they moved from hippiedom to yuppiedom. They will, until proven otherwise, stick with what they know. History is not looked on as having much to teach us anymore.... I view this scenario as extremely dangerous.

To: PaulM who wrote (11966)	5/20/1998 10:54:00 PM
From: Ahda	Read Replies (1) \| Respond to of 116823

Paul i am going to give it a guess when you look at a method and seems to work you duplicate it thinking it will work for you. So we became a haven of sorts. Looking at the SA rand gold would seem a much safer play over the years. Hind site however is not foresight. In my humble opinion as more banks merge and rules become loser in regards to what banks can and cannot do exposure becomes higher. Really it is only a pin prick so small that one cannot see where it came from that causes a balloon to pop.

To: PaulM who wrote (11966)	5/20/1998 11:07:00 PM
From: Ron Wilkinson	Read Replies (3) \| Respond to of 116823

Paul, I am sure I know some of the answers to your questions but probably not all of them. First, the western hemisphere has been the center of trade and banking since wooden ships went away. I doubt that any other country has the worldly economic view that we do. I think you give too much credit to those people for seeing what appears obvious to you and me. Secondly, most people in those nations own gold only as jewelry. Unless they lived in a big city and had some western education they could not even tell you how or where to by bullion or derivatives. Thirdly, I believe the wise and experienced in these lands already have their metal. That is why within just a short period of time after these crisis they become sellers verse buyers. I have another point that is lengthy, I'll message you. Ron

To: PaulM who wrote (11966)	5/21/1998 6:41:00 AM
From: Bobby Yellin	Respond to of 116823

Hi Paul: I think that is why we have to try to look at the whole marketplace..as you do! most people I think are expecting the Dow to hit 10,000 so money is following momentum.. so the people in the far east with money are currently putting it into us equities and treasuries and are avoiding their own currencies...as the hedge.. think Indonesia is going to be interesting now to watch..hope it doesn't turn out to be another Yugoslavia after Tito's death.. it just seems that if a nation isn't homogenous..they need a karismatic(sp) leader