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It happened: The interest rate for private deposits becomes negative

For the first time, the interest rate for private investments with a term of up to one year is now negative

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This has never happened before in Germany. According to figures from the European Central Bank (ECB), you now have to pay to put your money in the bank. To do this, the ECB examined the interest rates charged by banks and savings banks for new deposits. These are penalty interest rates. Negative interest rates have been around for a while, but now savers are being penalized for saving.

The banks themselves have to pay negative interest on money they give to the ECB.  This has been the case since 2014, but the deposit rate was 0.1 percent then and is now 0.5 percent. Among customers, the banks call this interest that they pass on a "deposit fee. 

The ECB is concerned with the stability of prices and currencies, with an eye to possibly boosting the economy. The interest rate cuts are also intended to help achieve the inflation target of just under two percent. So far, the ECB has not succeeded. According to a recent survey, confidence in the ECB is waning, with only 43 percent of Germans still trusting it.

Not every bank customer has to pay negative interest, as it is often only due when a certain amount is exceeded. Nevertheless, it can't hurt to keep a close eye on existing savings balances and the interest rate environment. In addition, other investment options such as shares should be considered, especially gold shares, since gold is the ultimate means of preserving value.

There's Fury Gold Mines - https://www.youtube.com/watch?v=cP6rZwyVwOc, active in three prolific mining regions of Canada. Several million ounces of gold are contained and waiting to be pulled out of the ground.

There are also excellent gold areas in Mexico, such as the Mulatos gold belt. There, Tarachi Gold - https://www.youtube.com/watch?v=6ToB1h8SEqw - holds total concessions on more than 2,500 hectares of land.

Latest corporate information and press releases from Fury Gold Mines (https://www.resource-capital.ch/en/companies/fury-gold-mines-ltd/).
 
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also 
applies: https://www.resource-capital.ch/en/disclaimer/ 

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