A soaring gold market is turning stashed bullion into an income source, as investors turn to leasing arrangements that supply jewelers and fabricators hungry for metal.
It seems more like the futures market. The jewelers are “buying” gold at the current price to make things with gold, and they will need to repay the same amount of gold. If the price goes up, the jewelers will be paying more at that time, and the owners make a profit. If the price goes down, the owners lose money (same as if they simply held it)
It seems more like the futures market. The jewelers are “buying” gold at the current price to make things with gold, and they will need to repay the same amount of gold. If the price goes up, the jewelers will be paying more at that time, and the owners make a profit. If the price goes down, the owners lose money (same as if they simply held it)