Sentences with phrase «lending out gold»
There is also a practice of lending out gold and being repaid in gold and the interest is also paid in a specific agreed amount of gold.
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GOLD stands out from other peer - to - peer lending or microfinance companies because the company makes decisions almost instantly.
Under a gold standard, central banks would be left relatively powerless to stimulate the monetary / lending process, as they could not create gold «out of thin air».