Mike Kosares: Gold at the zero bound


By Michael J. Kosares
USAGold, Denver
Monday, February 29, 2016

Something happened on the way to negative interest rates. Something unexpected. Gold and silver demand went through the roof.

The first two months of business at USAGold were reminiscent of the 2009 run to gold. In London, where people have the additional concern of a potential exit from the European Union, investors were lining up around the block to purchase precious metals, and reports were circulating that "some London banks are placing unusually large orders for physical gold." For the first two months of the year, the U.S. Mint reported gold coin sales running double what they were for the same period in 2015.

So what's behind the rush for gold at a time when the financial news is dominated with concerns about negative interest rates? ...

... For the remainder of the commentary:



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