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A MacGuffin Podcast

Chains - Episode 4 - The Price Of Gold

14 Jan 2023

Description

We hear an appraiser exchange with a customer, who can get more money for an item he’s pawned before. The Stadsbank uses a calculation that fluctuates and with which they figure out how much money they can lend and what the interest rate on it will be. This calculation is primarily based on the price of gold. So when the price of gold does go up, as a customer you’re in luck and you can get more on the same piece of jewellery. Some customers keep a close watch of the economy, and come in on a weekly basis to pawn and repawn items.

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