Are you sure he is a manager??? Nothing personnel Bro
as no bank give loan more then 50%
See on a gold of one lac they value that at 70000/- and on 70k they give loan of max 70% mean 50k so they already have value at 15k and in case gold fall at 15k they still have gold in hand how they can go bankrupt there is something wrong in understanding Gold is trading at production cost on fall below that around 1150 a bounce is imminent and spike would be so great that all would watch be it due to fed or any reason it is going to shoot up keep eye on Goldbees:thumb:
as no bank give loan more then 50%
See on a gold of one lac they value that at 70000/- and on 70k they give loan of max 70% mean 50k so they already have value at 15k and in case gold fall at 15k they still have gold in hand how they can go bankrupt there is something wrong in understanding Gold is trading at production cost on fall below that around 1150 a bounce is imminent and spike would be so great that all would watch be it due to fed or any reason it is going to shoot up keep eye on Goldbees:thumb:
Iam regularly getting jewel loans.
Uco bank provides 2100 rs per gram
city union bank and repco bank provides 2000 rs per gram.
I have lot of friends in the banking sector.
I repeat- I speak only facts.