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Thursday, August 22, 2019

Gold Serving as a Lifeline for Indians During Credit Crunch

Gold has become a lifeline for Indians in the midst of a severe credit crunch. When the state-run lender refused to extend Babasaheb Mandlik credit, he used his wife’s gold jewelry as collateral for a loan in order to buy cotton seeds before the summer sowing season window closed. According to Reuters, Mandlick owns a […]

from SchiffGold.com https://ift.tt/2ZmmJsG