Cash under the Mattress

[MaryN]

Did anyone else read an article recently by one of the big Fund Manager (it might have been Fidelity but I can't find the article again); to sum up he suggested people start to keep funds in cash at home and to acquire solid assets (gold, silver?).

I know this is a recommended action, although I don't normally take too much notice of alarmist stuff, but this was an article by a reputable Manager and I must say that alarm bells started to go off. I wondered what he could see ahead and why he felt it necessary to issue a warning. He might be wrong (fingers crossed), but heads up, folks, this could be a timely warning.