Euro Gold III: Cash Management, 30 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 more rounds to have a treat, especially for their kids (à 1.152 Euro). He got 15% net for six months, from this point, which makes for an annualized 30 %. But make no mistake: it was a marginal thing. R. would never give up his insurance against systemic failure.

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