| ‘Why do you invest in gold, when it doesn’t pay interest?’ This is one of the most frequently asked questions when it comes to gold investment discussions. Goldmay not pay interest but neither, it seems, do the banks.
Today the Bank of England’s MPC met for their monthly bank-rate setting meeting. This was the 60thmeeting since they first set rates at the record low of 0.5%, five years ago. Savers’ campaign group Save Our Savers estimates that since the first rate cut to 0.5% on the March 5, 2009, savers have lost ‘a staggering £326 billion...............................................Full Article: Source
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