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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (53928)3/31/1999 7:28:00 AM
From: valueminded  Read Replies (2) of 132070
 
Mike:

As I have an amount of cash in the money funds, some of what I read is a little disconcerting. Maybe you have answered this in the past, but how do you determine the safety of the money fund / and the quality of assets they are invested in. Also, what do you look for.

2. I have been reading some excerpts from Dr.Richebacher. He makes a compelling case but I would be interested in yours or anyone elses thoughts on the reliability of his thinking. He also points out the problem with derivatives especialy at BT and CMB which would seem to reinforce some of your earlier thoughts. Speaking of which, do you like puts on these 2 financials ?

3. Some of what I read seems to have a vested interest in selling gold the metal. I find it hard to see the value in taking physical possession of gold. It would seem better to invest in the companies that manage gold/gold production for a living. (ie ABX or NEM) although my investments in these companies so far are below water. What are your thoughts.

4. Reference your purchase of KEA. It would seem to me that they may be a better buy in about 6months as the y2k lawsuits start to come in and they may be on the receiving end of some of them. Minimal additional revenues from this area but the potential for lots of headaches. Are you concerned about this ? I agree that it will be a compelling buy but think should be able to get feet wet in the teens.

thanks
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