Honestly
Five Times Selling the Silver Is Better
Silver has more situations than gold where borrowing against it does not make sense, and they are worth stating plainly.
Tell us the form as well as the quantity. With silver, form changes the number more than people expect.
The five
Each of these costs us a facility and each is the honest answer.
- You hold less than roughly $23,000 of metal. We cannot reach the minimum and are not your option.
- The need is personal rather than business. We cannot fund it at all.
- It is a long term against a modest holding, where interest plus storage plus freight approaches what selling would cost you.
- You would not buy the silver back at today's price — in which case you wanted to sell it anyway.
- The holding is mostly junk silver or sterling, where freight and handling eat the benefit.
And if you do sell
Sell Your Gold USA buys precious metals at the counter in Broward County, tested and weighed in front of you, priced against live spot. There is no minimum on a sale, and no obligation to accept the number.
We make money either way, which is exactly why we can afford to tell you which one fits.
FAQ
Common questions
- Why would a lender tell me to sell?
- Because a facility that does not suit the borrower is a bad loan. And we buy metal too, so both outcomes are fine here.
- What is the minimum?
- $15,000 loan, needing roughly $23,000 of metal. In silver that is a substantial physical quantity.
- Can I sell part and borrow against the rest?
- Yes, and for some holdings that is the sensible answer.
- Do you buy junk silver?
- Yes, at the counter, tested and weighed with the arithmetic shown.
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.