X-Message-Number: 491 From att!lsuc!canrem.uucp!ben.best Fri Oct 4 12:53:25 1991 From: (Ben Best) Date: 4 Oct 91 (01:55) Subject: alcor finances Perry Metzger asked it it is true that Alcor is heavily invested in government securities vulnerable to default or hyperinflation. When Kevin Brown referred him to my article in the October 1991 issue of CRYONICS magazine, Perry protested that such a reference didn't answer his question. If Perry had read my article he would have seen that it DID answer his question. In my article I state that it is Alcor's policy that 80% of the Patient Care Fund must be invested in securities with "neglible risk" -- and in practice that has meant T-Bills. The article deals with the subject of inflation, including hyperinflation, and with government default. I am not going to repeat what I said there. However, I personally confronted Carlos a couple of years ago, and again last June when I was in Riverside expressing my concern with the investment in T-Bills. He welcomed my article and felt that it might help some of the more "conservative" Alcor Directors appreciate that government securities are not as "risk-free" as they are commonly perceived to be. Carlos will expand on this subject and explain Alcor's fiscal policies in more detail, probably in the November issue of CRYONICS. If Perry is serious in his desire to see his questions answered, he should start reading CRYONICS magazine. There is nothing wrong with asking questions in this network, but you can't expect the kind of detailed explanation and exposition you will get with articles in CRYONICS magazine. -- Ben Best () -- Canada Remote Systems. Toronto, Ontario NorthAmeriNet Host Rate This Message: http://www.cryonet.org/cgi-bin/rate.cgi?msg=491