Microfinance companies in India are increasingly turning to gold loans to diversify their portfolios and reduce risk, spurred by relaxed RBI regulations. Arohan Financial Services and Uttrayan Financial Services are actively exploring this market, while others consider loans against property. The shift allows NBFC-MFIs to have a larger non-microfinance portfolio, enhancing credit ratings and profitability.
“Heads I win, tails you lose”: Rich Dad Poor Dad author Robert Kiyosaki warns on global banking, advocates gold, silver, Bitcoin
Robert Kiyosaki, author of ‘Rich Dad Poor Dad’, criticized the global financial system as a ‘Heads I win, tails you lose’ game controlled by bankers.