Worlds Billionaires Are Stockpiling Cash: Taking Money Off the TableBy Mac Slavo And with enormous fortunes being made and destroyed overnight. The worlds billionaires have shifted into stockpiling an average of 22% of their income in cash because they are terrified the economy could crash. Many of these people literally helped to build the system we all now rely upon, and now they are holding cash, gold and other assets our of fear that stocks will crash and digital instruments of wealth could be undermined, compromised or have their balance destroyed. via CNBC: The worlds billionaires are holding more than $1.7 trillion in cash the highest amount since one firm began recording the measure in 2010. Because of what they perceive to be growing risks in the economy and world, the worlds 2,473 billionaires are keeping 22.2 percent of their total net worth in cash, according to the Wealth-X Billionaire Census. Billionaires are taking money off the table where available, while uncertainties in the economy and the historical highs found in deals have resulted in cash-flush portfolios, the report said. The firms findings are in line with those from other recent surveys. A study released by UBS last month said wealthy Americans are keeping around 20 percent of their portfolios in cash, in line with their post-2008 average. More are considering reducing their exposure to the markets because of uncertainty over the presidential election, UBS said. And it isnt just cash. With the gold price still off its 2011 highs, precious metals have become an extremely attractive option as well. George Soros reportedly converted 37% of his stocks into gold a huge amount of gold just weeks before the Brexit sent the price of the British pound into freefall. The big boys are opting out of the very system we have grown comfortable with. What do they know that we dont? And what happens when that reality hits? Nothing will work, and your ATM will look like this, or offer severe cash restrictions: Read more: Click here to subscribe: Join over one million monthly readers and receive breaking news, strategies, ideas and commentary. You can read more from Mac Slavo at his site SHTFplan.com I call B.S. on this article on prima facie evidence it cannot happen the way it is written. The worlds billionaires have shifted into stockpiling an average of 22% of their income in cash because they are terrified the economy could crash. 22% of one billion is 220 million. Seriously they are keeping 220 million in CASH on HAND? (and that is for just ONE billionaire) Absurd. Billionaires also know that hording fiat cash is a stupid thing to do since it has no real value once a central bank declares a new currency or a new system. These billionaires are hording tangible valuable goods. A major financial crisis would devalue cash so, as you say, these super-rich will stock up on vital goods which will rocket in price during a depression. 