Bloomberg/Emily Barrett
“Mattresses full of money, getting paid to take out a mortgage, surging demand for safe-deposit boxes — these are some of the ideas people have about what happens when interest rates turn negative. Just a few months ago, such scenes — at least in the U.S. — seemed unthinkable. But with Treasury yields tumbling and the Federal Reserve abruptly slashing rates to near zero on Sunday, Americans may soon get a taste of them firsthand.”
USAGOLD note: A better idea might be to put a bunch of real money under that mattress full of fiat money. That way you will also store the potential for capital appreciation. Everywhere negative interest rates exist there also exists extraordinary demand for gold coins and bullion.
Repost from 3-19-2020
