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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (80471)	12/1/2000 7:53:37 AM
From: Tommaso	Read Replies (1) \| Respond to of 95453

Now I admit that the possibility of a recession cutting crude demand enough to drop prices does worry me. Where do I put my money? I don't like gold very much. I don't like the dollar very much. I don't really understand the euro. I have in fact sold about 2/3 of my oil royalty trusts and simply banked the money. I do hold a good but of gold and some silver--both bullion and mining stocks. I do have some money in BEGBX, the European bond fund. And I am actually a lot more heavily into natural gas than oil now. My major oil holdings are also a currency play to some extent: TLM and LOILY. I think people will go on driving sooner than give up a lot of other things. And we like our springtime temperature interior house conditions. It's possible to get by wthout these things. I lived in france for a year when they were still in the severe austerity mode. Few people had cars. Many people simply did not heat their homes or did so minimally. Do you know what a "minuterie" is? You push a button and a mechanical device cuts on the hall light for exactly one minute so you can get your key in the door and get into the apartment; then it goes out and saves electricity. Maybe inflation-indexed US bonds is a safe place. There's an American Century fund that uses these--I don't have the symbol here. Boring but as safe as anything can be made.