Why Your Money-Market Fund Could Be Hit by Greek Default

``Forty-four percent of mutual fund assets in the U.S. are invested in the short-term debt of European banks, according to a report from Fitch... French banks are some of biggest creditors to Greece, with over $53 billion in outstanding loans to the Greek government and private sector.'' -- First subprime-linked securities, now Euro-toxicity. When will the public learn that their bulk savings should be put in precious metals? Money markets are just paper assets; not "sound" in any respect.