/biz/ - Business & Finance

Anonymous Mon Oct 12 02:24:28 2020 No.23207579 [View]
File: 137 KB, 1432x693, bank reserves to the moon.jpg [View same] [iqdb] [saucenao] [google]

>>23207361
>The likelihood is that it probably won't.
Look at the risk free interest they are making on reserve balances >>23204912
Also the current levels on pic related.

And the interest on reserves right now is 0.1%. To me that signals commercial banks are prepping for uncertainty, which should be pretty bullish for PMs. Now I have to deep dive into c-bank viability of investing in PMs. I know investment outfits of some like JPM and HSBC are hoarding metals. My guess is commercial banks can't hold PMs by regulation, so high reserve balances are their proxy.

TLDR: banks that can't hold PMs hold $2.7 trillion the next best thing.

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