The World has Truly Entered Uncharted Waters with Negative Interest Rates Spreading So Far and Wide
The Case for #Gold Keeps Getting Stronger As Negative #InterestRates Spread #moneymetals https://t.co/d3o7a8u9re
— Money Metals (@MoneyMetals) August 19, 2019
The Case for Gold Keeps Getting Stronger As Negative Interest Rates Spread
Frank Holmes, CEO of US Global Investors, recently noted that a whopping 25% of all bonds sold globally now carry a negative yield. “Investors” are even buying some “junk” rated bonds which will repay the bearer less than purchase price upon maturity.
Now European banks, who have been absorbing the European Central Bank’s 0.4% charge to hold deposits, are throwing in the towel and getting ready to pass those charges on to clients.
