The case against us
Ten Times You Should Just Sell It
Every other page here argues for borrowing. This one argues against it, properly, because a site that only makes one case is not helping you decide — it is selling.
No credit check and no obligation. If borrowing is the wrong answer for your situation, you will be told that first.
The ten
- 01
You would not buy it back at today's price
This is the single best test there is. If you would not repurchase the metal at what it is worth right now, you do not want to own it — and every argument on this site collapses. Sell it and be glad the decision made itself.
- 02
The holding is below the minimum
A $15,000 minimum loan needs roughly $23,000 in metal. Below that we are not a realistic option, and stretching to reach a threshold is a bad reason to do anything.
- 03
The need is personal
We can only lend for business purposes. That is a licensing matter, not a preference, and it does not bend for a sympathetic situation.
- 04
You need the money in 48 hours
A secured loan funds in days, because the metal has to arrive and be verified. If the deadline is genuinely immediate, selling at a counter is faster and we will say so.
- 05
Repayment depends on the price recovering
Then it is a leveraged bet on metal, not a financing decision. It might work. It is also how people lose collateral, and you should size it as a bet or not take it.
- 06
You need more than 65% of the value
The advance rate is a ceiling. If you need most of what the metal is worth, a sale gives you that and a loan cannot.
- 07
The business is shrinking, not dipping
A loan bridges a gap. It does not fix a business that is contracting, and borrowing against reserves to postpone a decision usually makes the eventual decision worse.
- 08
You cannot comfortably service the interest
If the monthly payment is tight before anything goes wrong, it will not survive something going wrong. Take the simpler option.
- 09
You are in an excluded state
We do not lend in Nevada, Vermont, North Dakota and South Dakota. That is absolute.
- 10
You simply want it to be over
There is real value in a clean, final transaction with no ongoing obligation and no margin call. That is not a lesser reason. For many people it is the right one.
If you read nothing else
The one question worth asking
Would you buy this metal back at today's price?
If yes, you do not want to sell it — you want cash, and those are separate problems with separate solutions. If no, you have wanted out of the position and a cash need has simply given you the occasion. Sell it, take the money, and do not pay interest to keep something you had already decided against.
If selling is your answer
Sell Your Gold USA has bought precious metals in Broward County since 2004, from two permanent counters. Your metal is tested and weighed in front of you and priced against the live market at that moment. There is no minimum and no obligation to accept the number.
FAQ
Common questions
- Are you really telling me not to borrow?
- In these situations, yes. A loan taken by the wrong person for the wrong reason is a bad outcome for them and a bad loan for us. Neither of us wants it.
- What is the minimum?
- $15,000 loan, which needs roughly $23,000 of metal at our 65% advance rate. Below that, selling is the answer.
- Will you buy my metal if I decide to sell?
- Yes. Sell Your Gold USA has bought precious metals in Broward County since 2004 — tested and weighed at the counter, priced against live spot.
- What if I am not sure?
- Call and describe it. The conversation is free and you will get a straight answer, including when the answer is "sell it".