The Old Pawnbroker's Blog

News for Pawnbrokers and Precious Metals Dealers

Hope for the Best but Prepare for the Worst

“Daniel Marburger, CEO of European coin dealer CoinInvest, told Bloomberg that he had just finished working with a German customer whose bank account was charged negative interest rates. To prevent this from happening again, the customer converted his cash into gold and silver, which he sees as a more reliable store of value.”

Makes sense to me.

http://www.kitco.com/commentaries/2017-06-12/Hope-for-the-Best-but-Prepare-for-the-Worst-with-Gold-and-Munis.html

 

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