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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (79960)	4/21/2000 6:16:00 PM
From: Tommaso	Read Replies (3) \| Respond to of 132070

I want to take a moderately leveraged position against the dollar that can be maintained without expiration dates. Michael, can you or anyone tell me what to buy and where to buy it to do this. I already have enough gold and gold and silver mining stocks, so I want to bet in favor of the Euro, though a Yen component would be OK. I would like very specific instructions from someone who knows--I mean, for example, on what exchange to buy Euro-denominated bonds, under what symbol, and where I can find quotes. The Wall Street Journal doesn't supply much that seems helpful in the way of quotations. I notice the Tice is offering a money fund now that intends to do this, but I think he has got burnt so bad on the craziness we've had that he's gun-shy and says he is still mostly in short-term US treasuries and waiting for a "signal" to get into some other currency (if I understand him). Being a cheerful pessimist, I am ready to go ahead into the Euro right now, but I don't know the best way. I don't need any more travelers checks in the safe deposit box, and as you pointed out there's always the far-out risk of failure of American Express and a suspension of payments on outstanding checks. Also, they aren't leveraged unless you mortgage the house and buy traveler's checks, which might work, but is a bit too nutty even for me.