I see your point. However, if we have a Cyprus style banking issue, or even a Japan style issue, what will happen to real estate? I have heard that even though we are seeing some recovery, the values could still slip by as much as 30%! Here in Chicago, we are still seeing more foreclosures than a year ago at the same time.
I don't have a crystal ball. There are too many balls in the air to guess now. With Obamacare falling apart, or seeming to, the Senate could lose its majority in next fall's election. The House could get a supermajority, so Obama would lose his control. Then what happens? If the Republicans win the majority and pass deficit reduction
budgets, which we need, and the President vetoes them, and we hit another fiscal cliff and the government shuts down again, then what happens?
I would still say that a bird in the hand is better than two in the bush
. So the decent tax rates
today are better than what might happen tomorrow. As far as what to do with the cash, invest globally so that your risk is spread over several areas of the world, then you won't lose as much. Or put it in gold (not my personal favorite but it works).
I wish I could give you a definite answer, but there is just no way to guess!