Cost of selling
The Price Is Not the Cost
What a buyer pays you is one number. What the sale costs you is that number minus the spread, minus any tax it creates, minus the position, minus what rebuilding would cost. Most people compare the first number to nothing at all.
No credit check and no obligation. If borrowing is the wrong answer for your situation, you will be told that first.
The whole argument, in one line
Selling is permanent and can be taxable.
A loan is neither.
65%
Advance against value
$15k
Minimum loan
Same
Bars returned
Live market
Business-purpose loans only. Not available in Nevada, Vermont, North Dakota and South Dakota.
Five costs, and one on the other side
The last one is what borrowing costs. A page of arguments for borrowing is worth nothing without it.
The Spread
Charged once when you sell and again if you buy back in. Changing your mind has its own price.
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The Tax Event
A sale can be a taxable disposal. A loan generally is not. The difference is structural, not clever.
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Losing the Position
The reasoning that made you buy metal does not usually change because an unrelated invoice landed this month.
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Replacement Cost
People price the buy-back at the price they sold for. It is almost never still that price.
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Selling on Someone Else's Schedule
When a supplier or a tax deadline picks the date, the price is whatever the market happened to be doing.
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What Borrowing Costs
The case against borrowing: a monthly obligation, a margin call mechanism, and an asset you could simply have sold.
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Run your own numbers
Instant estimate
What could you borrow?
Enter the ounces you hold. We advance up to 65% of market value.
| Metal | Spot / oz | Your oz | Value |
|---|---|---|---|
| Gold | $4,600.00 | $0.00 | |
| Silver | $69.00 | $0.00 | |
| Platinum | $1,840.00 | $0.00 | |
| Palladium | $1,329.00 | $0.00 |
Estimate only. Final advance rate and terms are confirmed after your collateral is inspected and verified. Spot prices are indicative and move continuously. Minimum loan is $15,000 (about $23,077 in collateral value at our 65% rate).
These are business-purpose loans and are not offered for personal, family or household use. Not available in Nevada, Vermont, North Dakota and South Dakota. If metal prices fall materially we may contact you about adding collateral or paying down the balance to keep the loan-to-value in range.
Read this
A caution about this whole page
Everything here argues one way, because that is what the page is for. So weigh it accordingly. Selling is simpler, final, gives you more of the value today, carries no monthly obligation and no margin call, and has no minimum. Those are substantial advantages and they are the reason most people sell. Nothing on this site is tax advice — the tax page in particular belongs in front of your own accountant, not taken from a lender.
Next step
Run it both ways before you decide.
No credit check and no obligation. Tell us what you hold and what the money is for, and if selling is the better answer for your situation you will be told that first.
Business purpose only. Not available in Nevada, Vermont, North Dakota and South Dakota.