Negative interest rates, GoldMoney research director Alasdair Macleod writes today, will drive people out of money and into real assets and gold. Macleod adds that negative rates also will kill what's left of the gold carry trade, diminishing incentive for central banks to lend their monetary metal. Macleod sees negative rates as the start of the dismantling of the U.S. dollar-based world financial system.
His analysis is headlined "Negative Interest Rates and Gold" and it's posted at GoldMoney here:
https://www.goldmoney.com/research/goldmoney-...ve-interest-...
