The price of gold had been rising, and not slowly.
In just one week, the price of an ounce of gold had risen another seven percent.
For a precious metal like gold, whose price increases had always been stable, this was definitely a major surge.
The price of gold was usually extremely stable. Apart from wars and the end of wars causing fluctuations, gold prices normally rose slowly and steadily.
Such a large increase over such a short period did not happen often. There had to be many problems behind it.
The results of changes in a liberalized market usually came from people's spontaneous demand for trade. When someone kept raising their purchase price for gold, the price of gold would increase.
Lin Qi picked up a copy of the Bank Newspaper and carefully read an article about gold's important economic position throughout history.
It was not merely a precious metal representing status, nor merely a cultural symbol of religion. It was the most resilient circulating currency! From the moment humanity discovered gold until today, it had held an irreplaceable and special position. The report in the Bank Newspaper mentioned that the Big Five Banks had successively opened a new type of deposit service called a "Gold Account."
As the name suggested, a Gold Account was not used to deposit or withdraw ordinary currency after it was opened. It was specifically used to store gold.
The annual interest on each ounce of gold was three percent. That might seem like a very low interest rate, but if gold prices followed the market and deposits could be withdrawn freely, then the interest was not low at all.
Before this, no bank had offered a financial product that paid interest on stored gold. If someone deposited gold in a bank, it was