There are warnings about a run over the British pound and I suppose UK gilt prices will wilt if this happens. However, if things get really bad economically and if we have deflation, then the relatively guaranteed income streams of UK government bonds
would become really attractive.
A mate of mine thinks Canadian dollars are a good bet because they are not printing extra. What do I know about currencies? SO, JUST TO REITERATE THIS IS NOT AN INVESTMENT ADVICE COLUMN although I love waffling about investments.
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I suppose I would have to hide the Canadian dollars under the bed since foreign currency bank accounts are not a mainstream product in the United Kingdom.
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