Precious Metals Better Investments: Uncle Sam Cuts Interest Payments to Bondholders

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Precious Metals Better Investments: Uncle Sam Cuts Interest Payments to Bondholders

At some point, Americans are going to have to wake up.  With the Fed funds rate set at 0.25, Americans can no longer earn any interest with their money in the bank.  I just checked the average interest rates paid on a five-year CD is a whopping 0.36% while a Money Market Account pays a hefty 0.11%.  Talk about what a losing game that is when the real inflation is running at 7-13% per year.

Steve St. Angelo
Fri, 08/28/2020 – 06:54