I just don't think so. Stocks: historically high PE ratios > not looking good. Property: 10x income to buy a house is ridiculously overpriced > not looking good Bonds: Not looking good Bank deposit: getting charged to leave your cash there soon > not looking good Cash under the mattress: getting devalued at an increasing rate > not looking good Whats left: ???
Gold and Commodities.
Even if it falls by 50% from here it is still looking like the best form of wealth protection at the moment. Stocks and property are definitely in a bubble and the way the US is printing money no one wants their bonds, the banks are literally going to be stealing peoples money when the negative rates come in. Everywhere we look is uncertainty. When priced in gold, the asset classes above clearly indicate that they have reached a top, how far down to the bottom? Who knows.