The Phaserl


Positives For Gold – Negative and Rising Interest Rates

from Gold Core:

One of the persistent arguments against owning gold by many financial advisers and brokers is that it “does nothing” and it incurs storage costs. Unlike cash, which earns interest, gold is a non yielding asset. The second is that gold will perform badly when interest rates rise. Both arguments are demonstrably misguided.

In today’s world of ZIRP and NIRP – zero percent interest rate policies and negative interest rate policies – and actual negative interest rates in a growing number of countries internationally – the old rationale that favours holding cash over gold is increasingly defunct.

Base rates in the industrialised nations have been near zero since the financial crisis of 2008.

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