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Max Keiser said Germany have just gone negative rates for retail...

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DavoMagic

16,804 Posts.

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13/10/19

11:33

Post #: 40856603
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Originally posted by johnybg: ↑

So lets do the figures.
On the next 6 yrs.

Current interest rates on Deposits. .5%.
Expected to go lower! $100,000 in Bank. @.5% = $500.00 * 6yrs $3000.00 + a touch if you compound.
Now Gold @ $1, 500 an oz. Expect lower!!! Buys you 66 .66 ozs. of gold. Using the best chartists in the world. lol. Gold should be $2100 in 6 yrs.
So 66.66 ozs * $2100 = $140,000 .

So why give the Aus Banks your money.

Are you all mad?

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Max Keiser said Germany have just gone negative rates for retail customers(depositors) as if the paradigm has shifted after a normalisation period.

Worlds gone mad!!
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