Bullion Backed Borrowing, page-2

Highman,
You say...."Does anyone know of a way to borrow against bullion?"
The myth that many on this forum promote is that'Gold is money'.You have just found out that it isn't.Sure it has a minute by minute value but so does BHP.Why would a Bank lend you (say) 90% of today's value of your Gold when tomorrow that 'security' may be worth 2% less than when the deal was struck?
Another poster here actually thought he could go into any shop..including Bunnings and pay with Gold coins:curiously another poster or two agreed with him!
If you want a house sell your Gold.It just the same as selling something else because you need the money.Maybe in the future you may some back for less (real) money.