customers find it profitable to default
Falling gold prices increase the risk for gold loan firms as the probability of defaults by customers increase. Last month, Manappuram shares were hammered after the company said it would have to write off an amount larger than what it had indicated earlier, due to a section of customers defaulting on their loans. When the fall in gold price in steep, customers find it profitable to default on the jewelry they had pledged with the gold finance firms, and then buy them at a lower cost in the market.. Men's Jewelry Thailand used to serve a large portion of the international market, but the Thai government criminalised surrogacy by foreigners and same sex couples in 2014, prompted by incidents of surrogate parents behaving badly. The most notable of those cases was that of Baby Gammy, a twin born with Down syndrome and left behind by the Australians who contracted his birth (his sister, who wasn't born with the disorder, was taken home). It didn't help that Gammy's biolo...