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Dave Kranzler: Negative rates, Gresham's Law, and a parabolic move in gold
7:10p ET Monday, August 19, 2019
Dear Friend of GATA and Gold:
As central banks devalue their currencies and enforce negative interest rates by imposing penalties on money held in bank accounts, Dave Kranzler of Investment Research Dynamics writes today, people eventually will be compelled to flee to gold and silver held outside the banking system. Since people are likely to realize rather suddenly the inevitable consequences of central bank money-destruction policy, Kranzler writes, metals prices could go parabolic.
Kranzler's analysis is headlined "Negative Rates, Gresham's Law, and a Parabolic Move in Gold" and it's posted at IRD here:
CHRIS POWELL, Secretary/Treasurer
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