Safer than cash

Chris Dillow

Chris Dillow

2016 has begun gloomily. Economists at RBS are warning of a "cataclysmic" year, and most Britons expect a financial crisis. Of course, these are only risks, but we must consider low-probability, high-impact events when investing. The obvious - and largely correct - response to such risks is to hold cash. For some of us, however, this cash should take the form of foreign currency.

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