Most of the money related posts so far have dealt with relatively small amounts of money.

But what would you do if you if you were Warren Buffet or Bill Gates? Or, for that matter, if you had a $1,000,000 in liquid assets that you wanted to protect.

Getting out of the stock market is one thing, but what would you do with the proceeds? Buy several million dollars worth of gold? Rent several safety deposit boxes and cram them with $100 bills? Open an account with a Swiss bank? Or would you buy moneymarket funds that invest in commercial paper that would be worthless in a 10+ scenario?

And for those who would recommend real estate, won't its value drop like a stone as the reverse wealth effect kicks in (and all those people who bought houses that they could not affort with the paper profits from their .com stocks) try to get liquid?

-- Midas (midas_mulligan_2000@yahoo.com), November 17, 1999

Answers

Buffet bought a substantial part of the available silver a while back and moved it to Europe. Bill Gates bought a large share of PAAS (symbol) a Canadian silver mine.

-- goldbug (goldbug@mint.com), November 17, 1999.

It would be easier for camel to pass through the eye of a needle than for Bill Gates to get out of the stock market.

-- Arnie Rimmer (Arnie_Rimmer@usa.net), November 17, 1999.