Cost of selling · Losing the Position
You Bought It for a Reason
Whatever made you buy metal — a hedge, a store of value, a view on where things were heading — that reasoning does not usually change because a supplier invoice arrived.
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.
What it actually means
The decision to sell is almost never a reconsideration of the original thesis. It is a response to an unrelated short-term pressure. And because selling is permanent and nobody schedules a review afterwards, the position simply ends, quietly, for a reason that had nothing to do with why it existed.
The specifics
- The cash need and the investment thesis are unrelated questions.
- A sale answers both at once, permanently, in favor of the short-term one.
- If the metal appreciates afterwards, you paid for the cash twice.
- Borrowing separates the two decisions and keeps the exposure.
The counter
Where this argument is weak
If your view has genuinely changed and you no longer want to hold metal, sell it. Do not borrow against a position you have stopped believing in — that is the worst of both.
Put a number on it
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.
FAQ
Common questions
- What if I am not sure I still want the position?
- Then decide that question on its own merits, separately from the cash need. If the answer is no, sell.
- Does the loan expose me to price moves?
- You keep the exposure, which cuts both ways. If prices fall materially you may face a margin call.
- Do I get the same metal back?
- Yes — the same bars and coins, not an equivalent quantity.
- What if I default?
- The collateral covers the loan. That is the trade-off of a secured product and you should be clear-eyed about it before signing.
The other costs
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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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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Scenarios
Where it shows up
Covering a Slow Quarter
A permanent decision about the metal, made in about ten minutes because one quarter came in short.
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Liquidating Dealer Inventory
Selling stock into a soft bid because the calendar said so, not because the bid was ever fair.
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Selling at a Market Low
Borrowing to avoid a sale at a low is a financing decision if you can service it, and a bet if you cannot.
Explore →
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.