I say to myself maybe treasury notes, the ten years and the thirty years as an investment for the next 3 to 6 months is maybe not so bad. Then I also advocate in my investment strategy, always diversification between real estate, equities, bonds, cash and precious metals. And if someone comes to me and says Marc you are bearish about the world, shouldn’t you be all in cash?
I say yes, maybe that is correct except if I put all my money in cash with the banking system I take a huge risk because we have seen it in the case of Greece, we have seen it in the case of Cyprus and now they have announced that basically investors if there is again a crisis they will also have to pay something so if you have say 20 million dollars with the banks, and they have a problem, maybe you will only get 50% back. So I say to myself, rather than have the money in the banks I would have it in treasuries.