GOLD 0.51% $1,391.7 gold futures

Highman You may be out of luck (assuming that you are...

  1. 7,423 Posts.
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    Highman

    You may be out of luck (assuming that you are Australian).

    None of the major Australian debt providing financial institutions have bullion operations that can support bullion collateral management. If you offered bullion as collateral they will almost certainly refuse:
    - They don't have the means to authenticate the collateral;
    - It will be expensive for them to insure and store;
    - Their systems are not set up to value the security.


    That said, you might try Macquarie Bank. If the deal is large enough and there is lots of money in it for them, they might do it.

    Good luck.
    Last edited by timber1956: 29/10/16
 
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