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Gold/Mining/Energy : Gold Price Monitor
GDXJ 119.96+2.0%4:00 PM EST
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To: The Barracuda™ who wrote (65599)3/14/2001 12:42:45 AM
From: Claude Cormier  Read Replies (1) of 116818
 
<Is this "Gold Money" going to have a negative interest rate? >

It is so good that it should. But in the real world negative interest rate are not possible.

If you take example of e-gold another gold currency, there is a lender that is asking 6% a year on his gold. He seems to make a good business. But is clients are market makers who resale the currency at 5-15% fees on the day they borrow. They refund in a few days. So they can afford such rates.

Claude
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