Negative yields would seem to be very good for gold, although I have read nothing about this. But, higher rates are always mentioned as a cause for dumping gold, as "gold yields nothing." Well nothing is better than negative nothing. Is it even legal anymore to hold cash like $100 bills in safe deposit boxes?
I do hold gold but in the form of the St. Gaudens double eagles, slabbed, mostly MS64 so not that bad of a premium to the metal. And cannot be taken by the goobers, well, I think, as even in the great confiscation numismatics were exempt, and the slab thing kind of shows it isn't a Swiss ingot. I would advise a little of this for people, I am maybe 5% in this vs. 70% securities and 25% real estate so I am at least better deworsified than previously, FWIW. Of course I am underwater on it, it's a buy and hold forever, or at least until the ocean rises and the guns come out.