The European flag flies in front of Germany's parliament building the Reichstag in Berlin, Thursday, June 23, 2016. (AP Photo/Markus Schreiber)

(Bloomberg) – Investors will consider hoarding cash in vaults as government bond yields fall deeper into negative territory following the U.K.’s vote to leave the European Union, according to Talanx AG, Germany’s third-biggest insurer.

“Storing physical cash as an alternative to paying negative interest rates does look increasingly attractive,” Chief Financial Officer Immo Querner said in an interview. 

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