Bond data back to the Black Death shows lower and even negative rates could be here to stay

CNBC/Jeff Cox

“More than 700 years of history show that the times as they are now, at least in regard to interest rates, aren’t quite so different as we’re led to believe, according to research that goes back to the Black Death plague of the 14th century.”

USAGOLD note:  Is it not one thing to have negative rates in times of the gold standard and something else again when it occurs in a fiat money system? . . . . . Such complications aside, the author says “real rates could soon enter permanently negative territory.”  As a good many have suggested, gold could do well in a period of low to negative real rates of return as investors question the wisdom of saving in a currency that does not draw a yield.

Repost from 1-15-2020