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Technology Stocks : Discuss Year 2000 Issues -- Ignore unavailable to you. Want to Upgrade?


To: Ken who wrote (6497)7/13/1999 12:42:00 AM
From: Cheeky Kid  Read Replies (2) | Respond to of 9818
 
Gold is still the worst Y2K hedge

July 12, 1999
zdnet.com

>>>With the gold bugs' advice, you're at least 20 percent worse off today than you were in late 1998 - which only underscores my advice last fall: it is impossible to time markets effectively to hedge against unrealized risks, like Y2K. If you've got investments in companies, mutual funds or other assets that you believe are good long term values, the smart Y2K move is to stay put.

Buying gold is a fool's course. It was last year, and is even more so now that it is clear Y2K will not lead to crises.<<<