If interest rates are cut to 2%, inflation will rise, leading to low yields on savings and incentivizing investment in gold.
"If they cut interest rates to let's just say 2% then what's going to happen? The rate of inflation is going to rise. You stick your money in the bank and then you're going to get a measly 2% return. So you're going to have high inflation. You're going to have a a low yield and then you would be more incentivized to invest in gold."