Somewhere on this site is a very long and thoughtful piece on the subject by Jonathan Carr.
The use of a record to effect very mild degaussing would be the "safe," though far less effective way to do degaussing. What you do is short the output of cartridge to maximize the current flow in the cartridge's circuit (e.g., insert a plug into the RCA jack from the tonearm wire that shorts the two conductors).
The manufacturer that is dead set against degaussing is, I believe, Benz. They say that while it may improve the sound for a short while after doing the degaussing, with each such procedure, the sound will be degraded so that in the long run, the process ruins the cartridge.
The use of a record to effect very mild degaussing would be the "safe," though far less effective way to do degaussing. What you do is short the output of cartridge to maximize the current flow in the cartridge's circuit (e.g., insert a plug into the RCA jack from the tonearm wire that shorts the two conductors).
The manufacturer that is dead set against degaussing is, I believe, Benz. They say that while it may improve the sound for a short while after doing the degaussing, with each such procedure, the sound will be degraded so that in the long run, the process ruins the cartridge.