Negative interest rates in Japan encourage spending ... on safes.

Discussion of the Cash portion of the Permanent Portfolio

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economicsjunkie
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Negative interest rates in Japan encourage spending ... on safes.

Post by economicsjunkie » Mon Feb 22, 2016 4:49 pm

http://mishtalk.com/2016/02/22/safes-so ... ive-rates/

'“I am a bit worried about what will happen next,” said Kazuo Matsumoto, a customer at one of the Shimachu stores in Tokyo. While he didn’t buy a safe, the 64-year-old said he might turn some of his cash into gold and keep it inside a safe-deposit box he rents.'

Someone's got the right idea ... :)
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