BATTLE FOR WORLD / FINANCIAL TIMES | September 3, 2019: The worldwide financial irritation has clients thinking that cash is the safest bet as they hear talks about negative interest rates.

The story evolves around a friend whose relatives in Germany converted some of their not insubstantial family wealth into gold bars and buried them in the woods of Bavaria at a time before negative interest rates - the old way of protecting their money. But with today’s uncertain global economy, mistrust of the financial system in general, people are thinking of ways to protect their money. Highlighting the need on the part of the wealthy to hoard cash and it is increasingly frustrating wealth managers who would rather invest that money.

Wealth managers are nervous with the uncertain environment in the global economy and the outlook for equities are why clients are keeping their powder dry. And fears over the trade war between the US and China have led some investors increasing their cash holdings diversifying their portfolio was the best solution to a prolonged trade war, and 37-percent said holding cash was the answer.

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