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Gold Bulls Feast as More Central Banks Drive Rates Below Zero

Posted by Farmboy @ 7:28 on February 24, 2016  

park money

 

” “When you have negative rates from banks and bonds, then gold with a zero-percent yield becomes a high-yield asset,” Jim Rickards, author of “Currency Wars: The Making of the Next Global Crisis,” and chief global strategist at money manager West Shore Funds, said by phone. “With nominal rates coming down, real rates are coming down and gold is going up. That’s a very predictable response.”

http://www.bloomberg.com/news/articles/2016-02-19/gold-bulls-feast-as-more-central-banks-drive-rates-below-zero

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.