5000-Year Low in Interest Rates: Bull Signal for Gold

(June 13, 106 - by Kitco News)

Interest rates are at their lowest level in 5000 years, according to a widely circulated report from Bank of America Merrill Lynch last week. A common argument against buying and holding gold is that it is not an interest-bearing asset.

….Well, 5000-year lows seems to remove that argument against buying gold. You think?

Despite unprecedented attempts by global central banks, the economic picture remains sluggish.

Rising uncertainty ahead of the Brexit vote on June 23 has unleashed a fresh stampede of safe-haven buying around the globe into gold and the perceived safety of government debt. A new poll released Friday showed the Leave vote ahead at 53%-47%.