A massive bond buying monthly until September 2016. ECB aims inflation at 2%. I think a global crash will be further away. Money is going to be devalued further.
We do not know what will happen next. But QE 1, 2, 3 from FED effectively revive economy. Paper money value continue to depreciate. We think anyone should buy asset, commodities or even asset class commodities.
Gold, real estate, REITS, blue chips equities are definitely better than cash.