Tag: Loans Against Gold Bullion

Gold bullion, like bars and coins, represents a valuable asset. But what if you need some cash without letting go of your gold? A loan against gold bullion can be a good solution. Let's explore how it works and its benefits. How it Works A loan against gold bullion is a secured loan where you use your gold as collateral. The lender appraises the gold's value and offers you a loan amount based on a percentage of that value, typically between 50% and 75%. Here's the process: Appraisal: The lender will assess the purity, weight, and current market value of your gold bullion. Loan-to-Value Ratio (LTV): The lender will determine the maximum loan amount based on their LTV policy. For example, with a 60% LTV on $10,000 worth of gold, you could borrow up to $6,000. Loan Agreeme...