NEW YORK (AP) — Scrambling to protect themselves against a U.S.default, investors are buying gold and foreign currencies, usingderivatives to bet on a stock market collapse and taking outcomplicated insurance policies.
They may want to consider crossing their fingers.
If the United States suddenly stiffed its creditors, the impactwould be so widespread, complex and unpredictable that it is nextto impossible to shield against steep losses, experts say.
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