jg – what kind of paper do money markets hold? I’ve always been given vague answers, like short term corporate AAA paper, etc. They could be holding 50% of Fannie Mae’s AAA paper, which is really worthy of a D grade. For this reason of vague disclosure, I don’t see money markets as a safe vehicle. Why would I get a money market at 5.5% when I can go FDIC insured or government backed Treasury for that same rate?
Thanks for the info on gold mining stocks. Now I see why Bill Fleckenstein is bullish on Newmont Mining. I get all my commodity signals from Zeal Intelligence, since I don’t have the time or interest to do this research myself. I have a subscription to Zeal.
