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why are there so many schemes lending money against physical gold these days ?
it starts with some non banking finance companies ( mannapuram gold loans ) and now even normal banks have jumped on the bandwagon
the idea behind it is : lend you money against the collateral of your physical gold
maybe they will increase the rate of interest later so you may have to part with your physical gold
so , is the gold price going to increase multiple times in the near future ? that is probably the central banks know – they purchased 400 tons of gold in the last quarter of 2022 – so they know something that the ordinary mortals don’t