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Gold Loans Boom with Potential to Reach $62.8 Billion

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While gold prices may be dwindling, people are turning to gold loans to stay afloat amid the pandemic. The industry is set to reach $62.8 Billion by 2022.

Gold doesn’t pay interest, but according to Michael Pento, neither does the dollar. Gold loans are helping people tap into this asset, but whether or not they are able to get their collateral remains unclear.

#QuestionMore #RTAmerica #Gold #BoomBust #Goldprices

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Category
U.S. & Canada
Tags
Sara Montes de Oca, Markets, Dollar
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