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Subject:  Re: What should he do? Date:  9/2/1999  9:59 AM
Author:  pauleckler Number:  13611 of 100984

If you truely believe Y2K is going to meltdown the economy on a large scale, the only safe investment is gold (or other such investments--diamonds, antiques) that you can hold in your hand and use in the future barter economy.

However, if you go that direction and it fails to occur, you will definitely take on some expenses that will give you reduced return.

Government bonds of some type are probably a second choice (but will paper money have any value?) Money market funds come close to this. Your risk is that computers will fail at Schwab, or the money fund provider.

Personally, I think all of this is over reaction. Most key Y2K problems have been addressed. The remaining ones can probably be fixed with minimal damage. I think Y2K will be no more than a blip on the economy--unless investors panic.
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