"Greenspan urges focus on 2000 computer glitch." Greenspan said Wednesday that the 2000 computer bug is already hurting the economy and warned of bigger damage ahead. He "reckoned" that several hundred billion dollars will be spent TRYING to fix the glitch. "The y2k problem is a very serious threat to the U.S. economy." Says Edward Yardeni, cheif economist of Wall Street broker Deutsche Morgan Grenfell. Dont wait too long to pull your money out of the stock market or even banks for that matter. Buy GOLD not greenbacks!

Greg Wiatt in Arizona 520-541-9727

-- Greg Wiatt in Arizona (gwiatt@northlink.com), February 27, 1998

Answers

Today gold is in the $265.00 range. I know that the money in the banks are not safe, but I would think it would be better to wait until gold declines further. Please let me know how much you think the gold price would be say within 6 months, 1 year and when Y2K hits. This should be very interesting. I manage funds for a wealthy Asian businessman and am seeking ways to protect purchasing power

-- Richard Page (npage@ibm.net), March 05, 1998.

I think most of the people I've encountered that are planning for this are thinking more along the lines of putting a "few" coins aside as a universal currency. I'd be interested in hearing Richard's take on the matter as a financial manager. How concerned is your client?

-- Annie O'Dea (anniel@mbay.net), March 05, 1998.

I believe you'll find that gold is closer to the $300. range @ $296. an ounce.

-- Joe Stout (joewstout@iswt.com), March 05, 1998.