http://online.wsj.com/article/0,,SB1019592893619862520,00.html?mod=opinion
"Nobody can reliably predict if or when Japan's much-feared meltdown will come. But consider that Japanese themselves are reading the tea leaves and are frightened enough by what they see to pull increasing amounts of their savings out of banks. They have put $300 billion of cash in home safes, about the same amount invested in mutual funds in Japan, and bought 45 tons of gold in the first quarter of the year, up from 14 tons in the same period last year. Deflation and low nominal interest rates encourage these moves, but the scaling back of deposit guarantees, which began on April 1 and continues next year, as well as the weakness of the yen, are the real driving forces. " --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
