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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: ChanceIs who wrote (156746)	9/9/2011 1:55:46 PM
From: Kayaker	1 Recommendation Read Replies (2) of 206089

<< ....warning that those MONEY MARKET FUNDS (you know - perfectly safe money markets) had moved money to Europe.... >> I keep my cash as cash and put nothing in money market funds. As you note, there is significant risk that they will "break the buck". I assume the Canadian banks are similar. It's a huge risk for a paltry return. US money market funds cut European exposure August 22, 2011 8:15 pm By Robin Wigglesworth in London and Telis Demos in New York ....The European banking exposure of the 10 biggest US money market funds fell to 47 per cent of their $658bn assets at the end of July, down from 48.7 per cent of the funds’ $698bn of assets at the end of June.... ft.com

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