Might be the thin end of the wedge or it may come to nothing , discussed yesterday morning on radio 4 , but the first British banks have made a statement,
http://www.bbc.co.uk/news/business-36889828
Japan cuts interest rates to below zero
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featherstick
- Posts: 1124
- Joined: Mon Feb 17, 2014 9:09 pm
Re: Japan cuts interest rates to below zero
grandad wrote:Negative interest rates will be in uk very soon.I cashed out my ISA over 12 months ago and bought pm which will over the long term always increase in value.
No no no no no. They will always STORE value, not increase in value (except for short-term variations). In 50BC, an ounce of gold would buy you a really nice toga, assuming you didn't fall foul of the sumptuary laws. In 2016AD, an ounce of gold will buy you a really nice suit. Not much increase in value, but a good store.