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