Citigroup's Willem Buiter Says 'Would Hold Gold'
By GCRU Gold News on Tuesday, July 19 2016, 00:39 - Permalink
“It competes with other fiat currencies, the dollar, the yen, the euro. And if these currencies now yield negative interest rates or are at risk of negative yields in the U.K. and the United States, then the currency that at least has a zero interest rate, looks better.”
Gold, in times of uncertainty and especially in days of uncertainty laced with negative rates, looks pretty good.