Paying to store your fiat?
Posted:
Thu Feb 26, 2015 4:10 am
by JadeDragon
I've seen it all now. A Danish bank charges depositors interest to hold their money. Nestlé bonds go negative yield and German bonds sell at a premium to face plus all the coupons. What does this mean for the economy? Metals?
http://money.cnn.com/2015/02/25/investi ... index.html
Re: Paying to store your fiat?
Posted:
Fri Feb 27, 2015 9:58 am
by silverflake
Not to sound repetitive but it means not only KEEP stacking, but stack faster!!!!!!!!
Re: Paying to store your fiat?
Posted:
Sun Mar 01, 2015 3:20 am
by fansubs_ca
I gotta wonder at what point it becomes worth it for someone to open a
"cash warehouse" with an offer of "we'll store you cash for half what the
banks charge you to". No lending, just a big warehouse where you store
everyone's cash for a fee and a bunch of guys with guns to gaurd it and
the whole operation still costs less than the bank fees would have been
because of economy of scale.
I know this is basically what Brinks and some others already do but I
mean for someone to mass market it to the general public.
Re: Paying to store your fiat?
Posted:
Sun Mar 01, 2015 4:41 am
by JadeDragon
Your typical person needs access to their money electronically. Businesses need to turn the cash. Around here it is tough to get a few thousand in cash out of a bank.
Re: Paying to store your fiat?
Posted:
Mon Mar 09, 2015 1:05 pm
by AGgressive Metal
fansubs_ca wrote:I gotta wonder at what point it becomes worth it for someone to open a
"cash warehouse" with an offer of "we'll store you cash for half what the
banks charge you to". No lending, just a big warehouse where you store
everyone's cash for a fee and a bunch of guys with guns to gaurd it and
the whole operation still costs less than the bank fees would have been
Its called the nation of Switzerland