Rent gold for cash

[Konebhar6]

New trend anta ... So many loop holes in it. I would not do it even for 10- 15% Interest. These gold jewellers are very hard to trust and most cunning. 

Have you heard of this trend?

https://www.greatandhra.com/articles/special-articles/investors-now-rent-out-their-gold-for-cash-150928

[Android_Halwa]

This is pretty common in India, esp after the recent gold run. Usually only known persons ke ichevallu but these days, blank cheque or someother security pettukuni jewellery sets istunaru…Major gold shops la ipudu idi uptrend

[Redarya]

29 minutes ago, Android_Halwa said:

This is pretty common in India, esp after the recent gold run. Usually only known persons ke ichevallu but these days, blank cheque or someother security pettukuni jewellery sets istunaru…Major gold shops la ipudu idi uptrend

Ekkada common vaa. You rent out gold bars for interest. Eppudu vinaledu 

[Android_Halwa]

39 minutes ago, Redarya said:

Ekkada common vaa. You rent out gold bars for interest. Eppudu vinaledu 

Ledu kaka, scale of this business telsinaka nenu kuda jara shock tinna….suppose a rich fellow bought a niche uncut diamond set for 50 lakhs, vadi pellam oka roju petukuni migata rojulu locker la pedtaru….the jeweller who sold, arranges for rent with in the known circles for couple of lakhs…madhyalo jeweller gadu deal chestadu..

[Redarya]

51 minutes ago, Android_Halwa said:

Ledu kaka, scale of this business telsinaka nenu kuda jara shock tinna….suppose a rich fellow bought a niche uncut diamond set for 50 lakhs, vadi pellam oka roju petukuni migata rojulu locker la pedtaru….the jeweller who sold, arranges for rent with in the known circles for couple of lakhs…madhyalo jeweller gadu deal chestadu..

Oh this is renting jewelry and not bars?

[Konebhar6]

2 hours ago, Android_Halwa said:

Ledu kaka, scale of this business telsinaka nenu kuda jara shock tinna….suppose a rich fellow bought a niche uncut diamond set for 50 lakhs, vadi pellam oka roju petukuni migata rojulu locker la pedtaru….the jeweller who sold, arranges for rent with in the known circles for couple of lakhs…madhyalo jeweller gadu deal chestadu..

Isn’t it easy to cheat? Esp jewellers are hard to trust. 
Shocked by the volume of business. Never heard of this business before

[Konebhar6]

1 hour ago, Redarya said:

Oh this is renting jewelry and not bars?

Article says gold bars. Jewellery renting might be a separate business. Not mentioned in the article

[Bendapudi_english]

13 hours ago, Android_Halwa said:

Ledu kaka, scale of this business telsinaka nenu kuda jara shock tinna….suppose a rich fellow bought a niche uncut diamond set for 50 lakhs, vadi pellam oka roju petukuni migata rojulu locker la pedtaru….the jeweller who sold, arranges for rent with in the known circles for couple of lakhs…madhyalo jeweller gadu deal chestadu..

Aa necklace pothe etla anna , jeweler gadu responsible aa 

[Android_Halwa]

20 minutes ago, Bendapudi_english said:

Aa necklace pothe etla anna , jeweler gadu responsible aa 

Usually evadiki padithe vaadiki iyaru…a jeweller gaditho manchi reputation vundi long standing customer vundi confidence vunye ne istaru…

Necklace poinde anuko, Jeweller gaadu elagaina nee degara vasool chestadu….ie vidyalanni vunte ne kada jewellery business chesedi.

[Android_Halwa]

11 hours ago, Konebhar6 said:

Isn’t it easy to cheat? Esp jewellers are hard to trust. 
Shocked by the volume of business. Never heard of this business before

Every jeweler has set of strong dedicated and loyal customer base…naaku telisina case okati, oka popular jeweler gadu uncuts ni 1 lakh ki rent ki ichinadu…Thisn is when I started enquiring and came to know that this is organized business. Jewelers are hard to trust but at the same time if you are rich and powerful, jeweler won’t cheat as well.

[Konebhar6]

1 hour ago, Android_Halwa said:

Every jeweler has set of strong dedicated and loyal customer base…naaku telisina case okati, oka popular jeweler gadu uncuts ni 1 lakh ki rent ki ichinadu…Thisn is when I started enquiring and came to know that this is organized business. Jewelers are hard to trust but at the same time if you are rich and powerful, jeweler won’t cheat as well.

Make jewellery with fake diamonds, collude with Jewellers and rent them out to customers. 
Oka rakamga cheppalante it’s an expensive 1-gram gold business. I know there is a big 1-gram rental business.