GOLD 0.51% $1,391.7 gold futures

Bullion Backed Borrowing

  1. 338 Posts.
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    Does anyone know of a way to borrow against bullion?

    Given that I have chosen to "save" my money in bullion and not by a house like almost everyone else, I am starting to realise I have in some ways disadvantaged myself now that I would like to unlock some of my equity and would prefer not to sell in order to do so. If I owned a property outright a bank would happily lend to me if I wanted money for business etc, but the same value in bullion potentially means nothing. Has anyone found themselves in a similar situation?
 
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