Central Banks around the world are engaging in negative interest rates! In a free market, negative interest rates because it completely goes counter to time preferences! We would always prefer to have a good in the present, as opposed to a good in the future! Negative interest rates would imply that someone would prefer a good in the future as opposed to a good in the present! This is ridiculous and negative interest rates are even being contemplated in the United States! What does well in a negative interest rate environment? Gold and Silver!