Sell everything except high quality bonds (notes) — 2016 will be cataclysmic for all other investments.” That’s the advice in an unprecedented warning to its clients from the Royal Bank of Scotland.
“Major stock markets could fall by a fifth and oil may reach US$16 a barrel.”
“This is about return of capital, not return on capital. In a crowded hall, exit doors are small.”
For more, see http://snipurl.com/2ae7nta
I would amend the RBS’ advice to include investments in gold bullion coins and perhaps a few select single family homes.