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BWX - Negative-Yield Bonds Are Back In Style. Why That's A Bad Thing
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Paying someone in order to lend them money seems kind of pointless.
Yet, the practice of stashing wealth in places where it yields nothing (and maybe even costs a bit for storage) is more common than you might think. Chinese, Russians, and Brazilians, for instance, buy US and Canadian condos and leave them empty as a way of moving their money beyond the reach of their rapacious governments. The taxes and condo fees produce a negative return, but most of the original investment will be there when needed. Other people store gold and silver in