Park money in gold
Even short-term money market funds could be a good option, as they would be relatively immune
The vote for Brexit will clearly lead to a realignment of global capital flows in the next several months. Quite probably, there will be a downgrade of overall global growth prospects in this financial year. In a broad sense, there is likely to be a flight to safety.
But, there will also be a redefinition of what constitutes "safety". Most investors tend to consider hard-currency zones and hard-currency assets "safe" if only because it is easy to exit such assets and limit losses. There will certainly be a reassessment of normal perception since the United Kingdom (UK) is ...
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First Published: Sun, June 26 2016. 23:27 IST