Prepare for a Systemic Crash: Hold Cash

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