Last year my friend received a loan incentive from the bank for gold credit with a total interest of 21% over 5 years. Among the options, he found a loan of 500 million, 1 billion, and 1.5 billion. Because he was interested, he took a gold credit of 1 billion at a price of around $3900 and which must be paid over 5 years totaling 1.21 billion. However, when ATH yesterday he asked the bank, if it was liquidated, what it was for yet. The bank replied, still at a loss 😂. Even though the profit had reached about 25% 🤣. This is because there is also a spread when wanting to sell of 12%. This means a 33% increase is needed to reach the midpoint. Even that has not yet gained any profit at all.

This is a lesson on how banks make profits by using our assets. $PAXG