A Quick Aside: Selling Pickaxes to Miners

September 22, 2016 in Education, Gold, Investing, News, Numismatica, Numismatics, Opinion

By: Coin Update (Coin Update News)


When things go south, invest in gold. When things go south of south, invest in . . . manufacturers of home safes?

The Wall Street Journal has reported on a surprising trend in Germany and elsewhere: faced with negative interest rates in the eurozone, banks are beginning to charge interest on deposits. And their customers are beginning to withdraw their cash from the banks and take it home.

Of course, they’re not exactly stashing it out back in a coffee can, like some eccentric neighbor who still uses a rotary phone and hides canned goods under the bed. They’re putting… Full article at the source>

Source: (Coin Update News)

Share Button

Comments are closed.

Translate »