I am interested in investments like precious metals--silver & gold bullions. Can and will banks use this as colateral against a loan? Any information on the type of investment loans available would be a great start for me.
Thanks
2006-09-17 09:48:36 · 4 answers · asked by investment advice 1 in Business & Finance ➔ Investing
Anyone that would loan you money to speculate in anything would have to be a moron!
If you already own such things, some institutions would use them as colatteral, but usually at 50% or less of current market value.
2006-09-17 09:57:38 · answer #1 · answered by Anonymous · 0⤊ 0⤋
http://gold-news.org/ has some excellent information on investing in gold and silver. I am sure you can find some information there on investing in precious metals by using margin and leverage.
2006-09-17 10:07:25 · answer #2 · answered by phx_oil 2 · 0⤊ 0⤋
Gold, keepat home! it never loses it's price value. Besides, what the goverment doesn't know wno't hurt them!!
2006-09-17 10:52:51 · answer #3 · answered by alfonso 5 · 0⤊ 0⤋
I really hope you are joking.
You MUST NEVER SPECULATE WITH GOLD OR SILVER with money from others.
2006-09-18 09:46:54 · answer #4 · answered by Anonymous · 0⤊ 0⤋