Lombard Loan?

[TrueTroop]

1) Do you understand the basic differences between a secured vs unsecured loan? Based on your reply, I don't think you do

2) Do you know how banks make money with secured loans? Based on your reply, I don't think you do and otherwise banks would never make such loans

I'm not gonna waste any more time on you, but for anyone else reading this, if you are interested, research how banks make money on such transactions and how in fact they can make them BELOW their own central bank interest rates

Anyway, already moved forward with 1.6% for 12 months, lowest rate available on the open market right now (that I could find), small Swiss private bank.

 

[daniels27]

But which currency? CHF has way lower interest than USD let alone TRY. I think we just recently discussed the 55% interest on TRY which is exactly how much the currency is losing on value each year.

 

[Amandograde]

lol cmon dont be so mean writing from your mommys basement.