First published by Money Metals here: https://www.moneymetals.com/news/2019/12/23/nirp-gold-silver-001933

Zero Interest Rate Policy (ZIRP) was considered “extraordinary” when central bankers rolled that out roughly ten years ago. At that time, people would still have laughed at the idea of negative interest rates. Lenders didn’t pay borrowers and nobody paid their bank to hold their deposits. So much has changed in the past 10 years. Now negative interest rate policies (NIRP) look set to go viral.