Page 5 of 5

Re: ultra low / negative interest rates in Germany

Posted: Mon Feb 22, 2016 4:51 pm
by economicsjunkie
http://mishtalk.com/2016/02/22/safes-so ... ive-rates/

'“I am a bit worried about what will happen next,” said Kazuo Matsumoto, a customer at one of the Shimachu stores in Tokyo. While he didn’t buy a safe, the 64-year-old said he might turn some of his cash into gold and keep it inside a safe-deposit box he rents.'

Someone's got the right idea ... :)

Re: ultra low / negative interest rates in Germany

Posted: Fri Mar 04, 2016 11:44 am
by economicsjunkie
More evidence that gold responds well to deflation:

http://mishtalk.com/2016/03/04/demand-o ... old-trust/

"One of the biggest factors behind gold’s rise has been negative rates. The Bank of Japan last month joined a growing number of central banks, including the Swiss National Bank and the European Central Bank, when it introduced negative interest rates in an effort to spur consumer spending. Sweden’s central bank said on Thursday it was moving interest rates further into negative territory, and warned it could cut again. Canadian officials are also weighing cutting borrowing costs below zero."