borrowing to buy assets that secure the borrowing (i.e. can be repossessed by the lender ), means - generally - that the borrower will work to repay the debt.
it is in the interests of the government, to keep everybody gainfully employed, until death at least, and pay the taxes to line their grubby pockets.
2quid for a loaf of bread? well if you are retired, you'll take a part time job. if you're not - then take another shift.
I say more fool the borrower.
And gold? If gold were an asset - would you borrow money to buy gold? would the bank take it as security while you paid back the money? - there's some homework for you fred
enjoy working
