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

To: Terry Maloney who wrote (80124)	4/26/2000 8:20:00 AM
From: Tommaso	Read Replies (3) \| Respond to of 132070

I don't want to get into that Elian business but of course he's not protected by the Constitution because he isn't a citizen. Any armed group coming to my house might get me too, but not until the six magnum shells in my plugless automatic shotgun were gone. But I am still in favor of registering guns and requiring permits because it would help the police to arrest irresponsible and criminal gun owners and take the guns away from them. closer to central topics for the thread is a letter I got today from David Tice as a response to an inquiry about his "Safe Harbor" fund. I think it makes sense: We will be making sizable allocations to the Euro and Swiss Franc and other foreign currencies as soon as we sense a break in the dollar has begun. This is a different tactic than we've used in the Prudent Bear Fund where we believe we have to be positioned ahead of time. We believe that we have to protect investors' principal which is still measured in dollars, and protect their N.A.V. This fund is all about principal preservation. These credit markets are obviously large enough that we expect that we will be able to get into Euros easily given the small size of our fund. Believe me, we can't wait to get out of the US dollar, but we believe we will be given some lead time. We just don't like taking losses, and the Euro and Swiss Franc are currently in a free fall. Being largely in Treasuries currently was a tactical decision that we thought a lot about, and we're very interested in your input. We believe that if the dollar faces a rapid severe break, that our gold investments in the Fund will compensate partially for the opportunity cost of not being in Euro's. Again, thank you for your inquiry and please watch our progress. David