Euro Sinks to New Low Versus Gold as Negative Yields Take Their Toll.

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In this report, I look at how the price of gold hit a new aa-time high of €1445 yesterday and how the continued drop in government bond yields in the eurozone and the negative rates or charges being applied to bank euro bank deposits is one of the major reasons for high net worth investors moving to the yellow metal

I compare charges for euro balances set by Citibank with the storage fees for gold at Gold Investments Ltd in London.

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3 comments
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Thanks again, Maneco64. At least one can look at and admire the beauty of a Silver coin.1e.jpg

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Yes, I remember Ron Paul, holding up an American Silver Eagle, and asking Ben Bernanke if it was money. I was disappointed when Dr. Paul did not ask why the ASE has a Dollar denomination on it, if it was not money.$2.JPG

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