The only thing creditors can do is to demand a depreciation premium to compensate for that loss. There is no depreciation premium for gold loans. One ounce of gold will always be one ounce of gold. Gold does not shrink. Gold does not spoil.
Gold is indestructible.
The low lease rate on gold is not controlled by the central bankers. They are not the only ones lending gold. As a matter of fact, they are a newcomer to this business evidencing that theirs is a concerted action with a hidden agenda. To understand this fully we must grasp the fact that Western governments by covenant are supposed to be a government of limited power. Powers not enumerated explicitly in their Constitution or Charter are reserved for the people.