Where would you put money if Negative Interest Rates? - GoFuckYourself.com

lezinterracial · 07-07-2015, 11:22 PM

Where would you put money if your banks had negative interest rates?

Where the banks charge you to keep your money in the bank.

L-Pink · 07-07-2015, 11:28 PM

Right now the CD rates are almost zero anyway. If you're retired with cash you don't earn shit.

darksoul · 07-07-2015, 11:38 PM

bitcoin or gold

lezinterracial · 07-07-2015, 11:40 PM

Quote:

Originally Posted by L-Pink

Right now the CD rates are almost zero anyway. If you're retired with cash you don't earn shit.

Yea, If there is some downtrend in the economy the Fed isn't gonna have anywhere to go except 1) buy more bonds again - they currently own 4 trillion 2) negative interest rates

I don't like the idea of paying people to just hold my money. I am thinking of getting a safety deposit and putting cash in there. Rumors in Greece that banks are raiding the safety deposit boxes to fill the ATMs.

If I pull my cash out and take the money home, There is the real problem of getting pulled over and the cops stealing my money.

Blue chip stocks are already way over priced.

Bladewire · 07-08-2015, 12:10 AM

Quote:

Originally Posted by lezinterracial

Yea, If there is some downtrend in the economy the Fed isn't gonna have anywhere to go except 1) buy more bonds again - they currently own 4 trillion 2) negative interest rates

I don't like the idea of paying people to just hold my money. I am thinking of getting a safety deposit and putting cash in there. Rumors in Greece that banks are raiding the safety deposit boxes to fill the ATMs.

If I pull my cash out and take the money home, There is the real problem of getting pulled over and the cops stealing my money.

Blue chip stocks are already way over priced.

Is Paypal an option?

lezinterracial · 07-08-2015, 12:16 AM

Quote:

Originally Posted by Bladewire

Is Paypal an option?

I hadn't thought of that. That is a good idea. I could transfer a big portion to paypal.

I notice blue stock materials are relatively cheap (Dupont, Alcoa, BHP). But we are in middle of the building season and China is crashing right now. They may come down some more. I bought big into oil during the winter and oil is crashing during the summer driving season. I better just play it safe.

Bladewire · 07-08-2015, 12:21 AM

I don't know your circumstance but if institutions were negative interest & I had access to Paypal @ 0% or I could keep it myself @ 0%, both seem like good options.

k0nr4d · 07-08-2015, 01:07 AM

Quote:

Originally Posted by Bladewire

I don't know your circumstance but if institutions were negative interest & I had access to Paypal @ 0% or I could keep it myself @ 0%, both seem like good options.

Until paypal decides for absolutely no reason they are gonna hold you funds for 180 days with no way to withdrawl them.

Shap · 07-08-2015, 01:12 AM

Quote:

Originally Posted by lezinterracial

Where would you put money if your banks had negative interest rates?

Where the banks charge you to keep your money in the bank.

Rental income real estate

Barry-xlovecam · 07-08-2015, 01:27 AM

Why wouldn't banks want to keep your minimum deposits free? They need assets to be able to make loans even with fractional-reserve banking. So, if you have minimum deposit amounts banks would be foolish to make you pay to store your cash.

Cash suffers from negative interest by government policy -- inflation. Cash in the bank has never been a good inflation hedge nor investment -- it's just a place of liquidity.

Bladewire · 07-08-2015, 07:08 PM

Quote:

Originally Posted by Barry-xlovecam

Why wouldn't banks want to keep your minimum deposits free? They need assets to be able to make loans even with fractional-reserve banking. So, if you have minimum deposit amounts banks would be foolish to make you pay to store your cash.

Cash suffers from negative interest by government policy -- inflation. Cash in the bank has never been a good inflation hedge nor investment -- it's just a place of liquidity.

WTF? Was this a wasted post? I've done those

VRPdommy · 07-08-2015, 07:59 PM

Quote:

Originally Posted by lezinterracial

Where would you put money if your banks had negative interest rates?

Where the banks charge you to keep your money in the bank.

DDDaaaaaaaaaaaaaahhhhhhhhhhhhhhhhhhh.............. ...

They are doing that now !

Just not by percentage. Would keep big money out unless they get a better rate.
And they probably would get the 0/min rate.

I would and do keep cash . Better someone I know steal it than the banksters
or some hacker in a country I never herd of.

07-07-2015, 11:22 PM	#1
lezinterracial Confirmed User Industry Role: Join Date: Jul 2012 Posts: 3,066	Where would you put money if Negative Interest Rates? Where would you put money if your banks had negative interest rates? Where the banks charge you to keep your money in the bank. __________________ Live Sex Shows

07-07-2015, 11:38 PM	#3
darksoul Confirmed User Join Date: Apr 2002 Location: /root/ Posts: 4,997	bitcoin or gold __________________ 1337 5y54\|)m1n: 157717888 BM-2cUBw4B2fgiYAfjkE7JvWaJMiUXD96n9tN Cambooth

07-08-2015, 12:21 AM	#7
Bladewire StraightBro Industry Role: Join Date: Aug 2003 Location: Monarch Beach, CA USA Posts: 56,229	I don't know your circumstance but if institutions were negative interest & I had access to Paypal @ 0% or I could keep it myself @ 0%, both seem like good options. __________________ Skype: CallTomNow

07-07-2015, 11:28 PM	#2
L-Pink working on my tan Industry Role: Join Date: Mar 2005 Location: Florida/Kentucky Posts: 39,151	Right now the CD rates are almost zero anyway. If you're retired with cash you don't earn shit.

07-08-2015, 01:27 AM	#10
Barry-xlovecam It's 42 Industry Role: Join Date: Jun 2010 Location: Global Posts: 18,083	Why wouldn't banks want to keep your minimum deposits free? They need assets to be able to make loans even with fractional-reserve banking. So, if you have minimum deposit amounts banks would be foolish to make you pay to store your cash. Cash suffers from negative interest by government policy -- inflation. Cash in the bank has never been a good inflation hedge nor investment -- it's just a place of liquidity.