NIRP, Real Negative Interest Rates We’ve Had Since 1990s | Eric Dubin

Real interest rates have been negative in the US for many decades. Eric Dubin joins the Metals & Markets this week to discuss NIRP and more…

Eric Dubin interviewed by James Anderson of SD Bullion

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Not merely a returning guest, but a returning original host of this SD Metals & Markets bullion podcast.

Eric Dubin drops by to talk financial markets and some of the craziest news from this week.

Such as a more than 23 yr employee and up until last month, the global head of JP Morgan’s precious metal trading desk has been on a leave of absence from work.

We ponder what that might mean as the US Department of Justice continues its investigation of financial crimes committed for more than a decade at that bank’s derivatives trading desks.

President Trump tweeted on 9/11 for the Fed to cut not just to Zero percent but even nominal Negative Interest Rates ahead. If you think gold loves negative real rates, just imagine what nominal negative rates in the USA could do to the over-leverage gold derivative complex.

Those topics and more covered in this week’s Metals & Markets bullion podcast.

A week of price pullbacks, and consolidations for 3 of the 4 major precious metals.

Silver looks to be closing this week with a spot silver price of around $17.50 an ounce.

Gold has dropped below the 1500 support level, looks like the spot gold price is closing this week around $1490 fiat Federal Reserve notes per troy ounce.

The platinum spot price fell about ten bucks, closing near 950 per ounce.

And the spot palladium price continues to show the other precious metals their new nominal fiat dollar high futures, likely to close trading over 1,610 per troy ounce (a new nominal record high for palladium fiat USD prices).

SIDENOTE: for listeners, before we begin, my internet blackout this morning forced me to make this call outdoors, though I did my best to mix out background noises, there will be a little on my side towards the end of the phone call.

That all said, below we jump into the conversation with Eric Dubin at the 2:50 mark.

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Silver Podcast | Gold Podcast | We’ve Had Real NIRP since the 1990s

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Welcome to this week’s SD Metals and Markets Wrap.

I am your host James Anderson of SD Bullion.

With us today September 13, 2019, a returning statesman to our long-running bullion podcast.

We welcome back Eric Dubin to our show.

Eric, on behalf of our longtime and new listeners to the show, thanks for taking the time today.

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NIRP | Real N...