Gold prices at all time high. Was at around 40k around covid time so thats a 50 percent rise over 3 years which isnt normal. They are still struggling with the fallout from covid. If they increase the LTV and gold prices crash it would lead to disaster with the state of their npas right now. They have been ultra conservative past 3 years though… a year from now as their books get cleaned up and prices of gold stabilize id assume theyd increase the ltv on gold loans also. Currently they are under geared leverage wise too so they are conservative in their entire approach and not just ltv on gold loan. Personally im in favor of this ultra conservative approach
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