The Lesson of Cyprus: Diversify Among Your Depository Options

For example, there is a valid argument, at the zero lower bound anyway, to tuck some money away in a mattress:

British mattress manufacturer Savoir Beds this week is launching a limited edition "Royal Bed" with a $175,000 price tag at Kensington Palace in London. 

Savoir describes its mattress as "an investment" in your well being - presumably since "buying" a $175,000 mattress would just seem ridiculous.

Ultimately, a "great night's sleep" is what it's all about, said Savoir Beds' managing director Alistair Hughes. "It's an investment that pays off every morning of your life."

Each mattress will require more than 700 hours of labor. It will contain "masses and masses" of curled Latin American horse tail, "mountains" of pure Mongolian cashmere, and enough specially woven silk to be strung from New York to Miami and almost halfway back again (more than 1,600 miles worth).

You can also have your own family crest, initials or favorite emblem embroidered into the mattress. The work will be done by the Royal School of Needlework, which had a significant role in making Princess Kate's wedding dress....MORE at CNBC