anticipating another rally for big climb within the next 6 months to give us more on this we bring in david knapp of any of the mcavennie financial group so david after new legislation takes effect on january 10th of 2020 right now the anonymous purchase limit for gold well drop from 10000 euros to 2000 euros people are now queuing up around several blocks in these last few days to buy gold especially if they're particularly concerned about the e.c.b. as controversial economic practice is of these negative interest rates so gold so far has been a steady guard against inflation so why dropping the limits on these purchases now of all time. well gold is not only protection against inflation that's also a protection against financial repression which is what negative interest rates are this is a policy choice among central bankers and central planners to choose winners and losers and the losers in this case are savers so your opt out is to either put money in the mattress or to buy gold if you can start to close off those options which is what they're doing essentially by moving the the number down