Kyle Bass On The Resurgence Of Gold And The Looming "Run On Cash"
By GCRU Gold News on Sunday, April 17 2016, 04:42 - Permalink
"I think that one of the fears that they have is a run on cash. If they told you and I that they're going to tax your deposits by a hundred basis points, well it's better to put it in a safe or under your mattress. And that's why you see a resurgence in gold. The more they move to negative rates, the more gold is gonna take off because there's no carrying cost."