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To: Oak Tree who wrote (15582)	8/10/1998 8:35:00 AM
From: Bobby Yellin	Read Replies (1) \| Respond to of 116931

I think you are so right..wonder what other people think eom

To: Oak Tree who wrote (15582)	8/10/1998 9:36:00 AM
From: Enigma	Read Replies (3) \| Respond to of 116931

Paul O. Here it is: gold-eagle.com E

To: Oak Tree who wrote (15582)	8/10/1998 12:53:00 PM
From: Wizzer	Read Replies (1) \| Respond to of 116931

japan wants foreign currency not the yellow metal....even if the Japanese and Chinese currencies were to crash, gold would go with it and the dollar would still be king. I understand the logic of the Japanese. Having US currency as a hedge against falling Asian currencies is a good short term move. However, I feel that this will cause Asian currencies to fall faster than normal. Growing demand for US dollars from Asian countries, means a lower demand for their own currencies which creates a self-fulfilling prophecy of falling Chinese and Japanese currency. I do not feel that it is a sound long term policy. Perhaps, it is my feeling of the real value of paper money, which is based on the strength of an economy and related to debt. I feel that paper money has little intrinsic value, whereas gold will always have intrinsic value, especially since the current value of gold is barely above the cost of producing it. Paper money relative to other paper money will show strength when an economy is strong. It is not always relative to the debt that the money was printed to pay. Yes, the US dollar is strong now but only relative to other currencies. It's real value has changed very little. I feel that the US dollar is strong now, mostly because demand is strong, and whether or not current value is based on a real value is something entirely different.