Euro Gold II: Cash Management, 34 per cent annualized interest rate

IMAG0072aTime for another update on my little project positive interest rates. My friend, who had invested a good deal of his christmas allowance and an advance on his end of the year bonus in physical gold, has sold some rounds to fill up his cash coffers ( à 1.140 Euro). He got 14% net for nearly five months, from this point, which makes for an annualized 34 %. But make no mistake: it was a marginal thing. R. would never give up his insurance against systemic failure.

Unabhängiger Journalist

Comments are closed, but trackbacks and pingbacks are open.