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Saturday, June 20, 2015
The manager of one of Britain’s biggest bond funds has urged investors to keep cash under the mattress...“Systemic risk is in the system and as an investor you have to be aware of that,” he told Telegraph Money...The best strategy to deal with this, he said, was for investors to spread their money widely into different assets, including gold and silver, as well as cash in savings accounts. But he went further, suggesting it was wise to hold some “physical cash”, an unusual suggestion from a mainstream fund manager.-'It's time to hold physical cash,' says one of Britain's most senior fund managers
Posted by Nick at 7:12 AM
Tuesday, June 16, 2015
This is the dilemma of all developed market central banks that have engaged in unconventional monetary policies. Since their actions have driven up the value of financial assets, it is hard to imagine that their exit will not reverse the surge in value given that economic fundamentals have not improved much, though the principal mandate of central banks is not to produce massive profits anyhow.-Central banks stash cash for unwind shock
Posted by Nick at 5:41 PM
Posted by Nick at 4:43 PM