Re: Is That A NIRP In Your Pocket Or Is Gold Just Happy To See Negative Rates?

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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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Re: Is That A NIRP In Your Pocket Or Is Gold Just Happy To See Negative Rates?

in response to

Is That A NIRP In Your Pocket Or Is Gold Just Happy To See Negative Rates?

gwr1

posted on Jun 27, 2012 12:28PM

If the ECB would take such a decision on July 6, that would be a tremendous boost for gold. The banks already know that Gold will become Tier 1 collateral by the end of 1012, so they'll be eager to invest part of their capital in gold. Just 5% would translate into € 40 billion flowing into gold.

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