Swiss Bank Says Investors Favor Gold Amid Charges on Cash

Negative interest rates are pretty much unprecedented.  Instead of paying investors interest on deposits, banks are charging depositors interest to park their money.

Given the risks inherent in IOU's (interest rate, reinvestment, inflation, default, rating downgrades, liquidity), it's mind-boggling that investors are buying debt instruments at all.  But to be charged an interest rate on top of all the negatives indicates a financial universe gone mad.


http://www.bloomberg.com/news/articles/2015-02-11/swiss-bank-says-investors-favor-gold-amid-charges-on-cash