Nouriel Roubini : I am putting most of my money in cash , one of the clienbts of my research firm a sophisticated high network individual have decided to put a billion a billion dollar of his financial network last month all hundred percent into cash , I would say now better to be safe than sorry , we do not know whether this volatility is temporary and things will improve or whether there 'll be a nasty recession and another 30 to 40 percent fall in equity prices so until the fog of uncertainty is resolved, my view is that it’s better to be safe rather than sorry. This is not the time to be in risky assets ...commodities are going to collapse if there is a recession like other risky assets ,Gold is a hedge against tail risks and a financial meltdown, If you get to that point of paranoia, it’s time to buy canned food, guns, ammunition, gold bars and a log cabin in the mountains,” Nouriel Roubini recommends cash over gold an other commodities ....
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