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Joined 2 years ago
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Cake day: June 9th, 2023

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  • For a jeweler, refiner or fabricator who needs gold to make jewelry or components, they don’t have to borrow cash and risk price swings while holding it. They can then sell their finished products at the current gold price. The borrower then pays a lease rate — a form of interest in gold — and at the end of the term, either returns an equivalent quantity of metal or rolls the lease forward. For borrowers, the appeal lies in simplicity and accounting clarity. “Gold leasing solves two problems,” said CEO of Kilo Capital, Wade Brennan. “It gives them the funding they need and removes the price risk. If they bought gold with a bank loan, they’d have to hedge, or they’d be exposed to the gold price.

    Clipped the relevant part of the article so you don’t have to go trough the trouble of clicking the link and reading the thing.


  • Whilst I do enjoy the military history of guns and have been to a shooting range in the USA before I don’t want any in my home. Ifi had them before I might not have been around due to the relative easy way out.

    Also they are very hard to get where I live. I like that a lot. I think that there a majority of stupid people that I think would be terrible gun owners around me. I think in general my life would be worse is a majority of people owned guns.