Loading ...the Swiss move to create a 50-year bond at negative interest rates. Such a weird and unprecedented move could bring on a great variety of conjectural comments. And one comment, like the one that Coxe made with respect to this 50-year bond move by the Swiss, could be that the Swiss certainly must have a fairly dim view of the future for the next 50 years. If I had been making a comment about a 50-year bond at negative interest rates I would be at a loss to say anything intelligent about it except to pose the frequently expressed question, “What were they thinking?”.
For me, and for my comfort zone with our investment approach, the important point that I got from the posted interview with Donald Coxe is that we should be prepared to expect additional upward pressures on the fiat costs of precious metals and fiat costs of various commodities too. Beyond that expectation, I have no clues on what else to expect as a result of the weird implementation of negative rate instruments.