Stocks and the Euro have been hit. Even gold has provided no safe haven. Investors are approaching the year end decidedly risk averse, with concerns about near-term euro zone financing uppermost. With so many assets vulnerable, the dollar and cash are among the few refuges, says Breakingviews.com.
The question therefore would be where to hide the cash? According to the German newspaper ‘Die Welt’ the safe business is booming in Germany. People appear to hoard their wealth at home rather entrusting it to banks. Good prospects for thieves.
Source: Die Welt and Breakingviews.com