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Pastimes : Where to hide your money as the world banking system collaps

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To: LLCF who wrote (3)1/5/2001 12:59:29 PM
From: Don England   of 41
 
while not in your 7 figure group i continue to like begbx, european bonds, in large part german gov't. has certainly offered me downside protection as the dollar has slid and may offer more upside with further rate cuts, even though the payout is in the high 4's percent wise. i was heavily into vwesx, investment grade u.s. corporates, but the possibilties of downgrades in that category worries me and i sold out; the extra premium over treasuries just didn't justify the risk for me.

money mkt. accts. seem to me to hardly be acceptable as 'cash'. god knows where, or in what kind of weird paper, these funds are. how much is in pge and edison? seems the greatest risk for us may be in those we have given our cash to to protect once we began insulating our profits and ourselves from crashing equities.

that said i have just gone 27% back into osx positions - catching the 2 day selloff this week. less of a gamble, i think, than anything else out there. have about an equal amnt. in gold stocks. don
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