Comment: Cash maybe a good place too

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Cash maybe a good place too

If interest rates skyrocket, you may be able to do well with keeping money in a saving acct. As a result of high interest rates:
-Stock market will tank
-Spot gold & silver will tank
-Even gold/silver mining stocks will tank

Would you say cash sitting around to be placed in a savings acct would also be another place to diversify if interest rates skyrocket?