About this app

In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations etc.
The recipient (i.e. the borrower) incurs a debt, and is usually liable to pay interest on that debt until it is repaid, and also to repay the principal amount borrowed.
Of all the precious metals, gold is the most popular as an investment.Investors generally buy gold as a way of diversifying risk, especially through the use of futures contracts and derivatives.
The gold market is subject to speculation and volatility as are other markets.
Compared to other precious metals used for investment, gold has the most effective safe haven and hedging properties across a number of countries.
Since 1919 the most common benchmark for the price of gold has been the London gold fixing, a twice-daily telephone meeting of representatives from five bullion-trading firms of the London bullion market.
Furthermore, gold is traded continuously throughout the world based on the intra-day spot price, derived from over-the-counter gold-trading markets around the world (code "XAU"). The following table sets out the gold price versus various assets and key statistics at five-year intervals.
Interest rates on unsecured loans are nearly always higher than for secured loans because an unsecured lender's options for recourse against the borrower in the event of default are severely limited, subjecting the lender to higher risk compared to that encountered for a secured loan.
An unsecured lender must sue the borrower, obtain a money judgment for breach of contract, and then pursue execution of the judgment against the borrower's unencumbered assets (that is, the ones not already pledged to secured lenders).
In insolvency proceedings, secured lenders traditionally have priority over unsecured lenders when a court divides up the borrower's assets.
Thus, a higher interest rate reflects the additional risk that in the event of insolvency, the debt may be uncollectible.