So Negative interest rates are next will run on Cash happen!

[farmaholic]

http://www.theglobeandmail.com/report-on-business/economy/what-are-negative-interest-rates-and-how-do-they-work/article27669897/?service=mobile.

Let's see what the banks do if they get charged a negative interest rate by the "Central Banks". What the peoples' banks do with it will be interesting. By the sounds of it, I dont know if it matters as much that we have deposits but what the banks are doing with theirs on deposit with Central Banks.

Am I seeing this right? I'm not saying personal savers won't be affected. But...

[SASKFARMER3]

Ah Greece what a interesting country. Lots to see and do best time to go is summer when its 46 above. Ah hid behind the pillars of the Parthenon.
But one thing I learned fast is they only wanted to work a few months then off to the holiday or back to the olive farm or country side.
Now my favorite place was Turkey. Yes that place but wow were the vendors tough. They made Mexicans seem like a push over. Never let your wife go into a store by her self.
Been back twice probably wont go again but was very interesting.
Now back to thread.
Cash Safe mattress shovel compass x marks the spot. Water tight container because as you all know were wet.
My original topic is are we getting the full story or are we just months away from a real shit show.
I called oil, lets hope I'm wrong with this.

[farmaholic]

Right now I'm glad I have farmland that makes up the bulk of my wealth. Grain. Stuff with intrinsic value. Would be neat to have some gold...just to say I have some, really though, hard to barter/exchange something without "daily necessity" value.

What percent of the world population would be having this conversation?

[SASKFARMER3]

I have 7 onz that's it for gold. Bought back years ago, like years ago. Did find a platinum ring in the ocean a few years back. Who says holidays cost.

But yes the big question is for how long have we been fed a story on banking.

[perfecho]

Soo...my theory has been that lowering interest rates came on to support equities...mom and pop had to take out savings to get any return...wall street and banks control just about everything. Now the fear of market collapses is causing negative interest rates, so any money in the bank has to find a new home...which is in the markets, at least there is a chance of making money..
Soo...is this the only way they can find more/take "investment money"...???
Cotton??

[Steve_Winkler]

Unsure of the position ATB is in. Have read they have more money on loan than they have on hand.

Maybe other banks do this too but it sure sounds iffy to me. I have a few investments there but maybe a guy shouldn't....

[sumdumguy]

Who knows,
Silver or gold,
Will we still be here
When the story is told?

[TOM4CWB]

ATB Financial
From Wikipedia, the free encyclopedia
Alberta Treasury Branches
ATB Financial logo.svg
Type
Crown corporation
Industry Financial services
Founded Rocky Mountain House, Alberta, 1938
Headquarters Edmonton, Alberta
Key people
Dave Mowat, President and CEO

Brian Hesje, Chairman of the Board
Products Financial services, Wealth Management
Revenue Increase $1.5 billion CAD (2015)[1]
Number of employees
5,300
Website http://www.atb.com

Alberta Treasury Branches, doing business as ATB Financial,[2] is a financial institution and crown corporation owned by the Province of Alberta. ATB operates in Alberta only, providing financial services to nearly 700,000 Albertans and Alberta-based businesses. ATB has 172 branches and 135 agencies, serving a total of 243 communities in Alberta. Wealth management services are offered under the name ATB Investor Services or ATBIS. ATB has more than 5,300 employees. Headquartered in Edmonton, Alberta, Canada, with total assets of C$43.1 billion (2015 Annual Report), ATB is the largest Alberta-based financial institution.

ATB is not a chartered bank, and unlike all banks operating in Canada, ATB is regulated entirely by the Government of Alberta, under the authority of the Alberta Treasury Branches Act, Chapter A-37.9, 1997, and Treasury Branches Regulation 187/97. The legislation is modeled on the statutes and regulations governing other financial institutions and other guidelines to financial institutions issued by the federal Office of the Superintendent of Financial Institutions and the Canada Deposit Insurance Corporation. ATB Financial is one of fifteen financial institutions that participates in Canada's Large Value Transfer System.

Long and Short is: ATB can't go Bankrupt... unless the CDN/AB gov's do.

[sumdumguy]

For sure, short the banks

[biglentil]

90 percent of the gold and silver mines are bellow cost of production. Forget investing in the miners they will be nationalized anyways, forget buy the f#@#$# dip buy the f#@#$# physical. Buy, buy, buy because soon the chance will be bye bye bye.

[furrowtickler]

S/F , are you sure your not actually a Greek ? Boy the description sounded awfully like your life lol.

[stonepicker]

Cost of the bigger goldminers ( who produce most of the world's gold ) is anywhere from $750-$900 an oz.