Usually investors seek safety in bonds, gold or even other currencies. But now Apple (NASDAQ:AAPL) given its large $75 billion in cash and popular product line up now is also becoming a safe-haven. Investors must be frantic in search of just where to park their cash in this current environment. But, it also begs another question: Where does Apple park all that cash anyway? U.S. banks? I doubt it. No, even they must invest it in Treasurys or well-regarded commercial paper.
Of course this just leads us to wonder what really is safe nowadays. Apple and Treasurys seem a safe place while gold and commodities seem to have lost some of their luster at least lately. Obviously the euro zone has plenty of troubles to work through. Even venerable Siemens (SI) withdrew $500 billion from French banks and placed it with the ECB. So maybe Siemens is bailing out Italian banks indirectly?
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