On Sep 15, 2008, at 5:48 PM, Terry Blanton wrote:
I moved to T Bills over a year ago. Will they survive?
http://en.wikipedia.org/wiki/Wall_Street_Crash_of_1929
Tery
You may be very happy about that choice. I didn't know money markets
could fail like this:
http://tinyurl.com/5a2cc8
http://www.marketwatch.com/news/story/money-market-fund-breaks-buck/
story.aspx?guid=%7B56A2CEE5%2D5A53%2D4A27%2DA4BA%2D585CFBE173A4%7D
If you use a money market it may be a good time to check on what kind
of insurance your money market fund has. I'm using money market funds
at my credit unions that are insured, but I'm now wondering if the
insurance will be worth anything at all if money markets used by the
credit unions nationwide fail. I'm beginning to wonder if the only
safe haven might be US bonds or FDIC insured accounts. I see
palladium is really cheap these days, about half price:
http://www.monex.com/monex/controller?pageid=prices
Maybe that's a good safe haven - before folks realize cold fusion is
real. Palladium seems to be falling off the edge of the earth with
many other things:
http://finance.google.com/finance?q=LON%3APHPD
Best regards,
Horace Heffner
http://www.mtaonline.net/~hheffner/
