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Who will be the first?
April 19, 2020
5:44 pm
mechone
Ontario
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Who will be the first to drop under 2% for a savings account . I'm sure they will see a run for the exit .

April 19, 2020
5:55 pm
zipline
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I'll put it under the mattress before I go 2%.

April 19, 2020
6:25 pm
Loonie
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It's already under 2% at Tangerine, Steinbach, motus...

April 19, 2020
7:14 pm
Doug
British Columbia, Canada
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zipline said
I'll put it under the mattress before I go 2%.  

At least convert it to gold with the Sprott Physical Gold and Silver Trust ETF (TSX: CEF), formerly known as the Central Fund of Canada.

Gold doesn't pay interest or dividend income, but at least it holds its value and can be a hedge against inflation. It's a store of value. Money under your mattress will lose value year after year.

The Wall Street Journal article on it:
https://webreprints.djreprints.com/57037.html

Video #1:

Video #2:

Cheers,
Doug

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