The Case For Gold

As central banks increasingly turn to Negative Interest Rate Policies (NIRP) in an effort to jump start global growth, investors have been quick to deride this repressive practice as little more than a glorified tax on savers. Yet negative interest rates are hardly something new. Policy-makers have in fact been surreptitiously eroding the value of savings for years through the implementation of negative “real” interest rates, a process they have successfully been executing for...