Of course, cutting deposit rates to 0.75% and scrapping any upper limit on the value of the franc are very persuasive to investors starved for yield in a NIRP world, but think about THIS.
- Is YOUR country as solid financially as Switzerland?
The Swiss Government has become the FIRST EVER to issue 10YR sovereign bonds at negative yield.
- Sure, some EUropean countries have sold government debt at negative yields up to five years out, but no one yet has gone this far out and gotten investors to pay for the privilege of buying their sovereign debt.
So much for the argument that Gold (or Silver) doesn't pay interest....neither does it make you pay it to own it.
- No wonder Central Banks hate it so much...at least hate for anyone else to hold it.
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