Gold Loan Program
Whether you want gold as a safety net in the event a currency fails or choose to store it for future generations to guarantee their financial security after you're gone, the Georgetown Trust gold loan program offered through Caye Bank International lets you borrow against the value of your gold stored in Zurich and offers incredible potential for investments.
How Does the Gold Loan Program Work?
The gold loan program allows you to store your gold in a secure facility in Zurich, Switzerland, where it will be safely located in a vault. Together with Caye International Bank, we will offer you a line of credit for up to 75 percent of the market value of the total gold you have stored in Zurich.
In the off chance that the amount of your loan becomes worth more than 85 percent of the value of the gold, a calculation that will be done daily based on market value, you will need to supply additional capital. If that is not possible within five business days, the necessary portion of your gold will be sold at market value to cover the costs of your loan. If the sale has any excess profit, that will go directly to you.
How Can I Participate in the Program?
In order to be eligible for the gold loan program, you need to have a minimum initial holding of gold in the value of over $100,000 USD. In addition, all participants in the gold loan program should be clients and account holders at Caye International Bank.
If you are not an account holder, Georgetown Trust can quickly and easily facilitate the opening of a Caye International Bank account so that you can get started right away. If you are interested in purchasing gold and borrowing against its value for a range of domestic or offshore investments, we can also help you find gold at market value and have it secured in Zurich.
What Costs are Involved?
There is minimal risk to the financial lenders involved since the gold is in their safekeeping in Zurich. That means that borrowers get to enjoy minimal fees and costs in order to secure a substantial line of credit. Annual interest rates are typically 5.9% for a line of credit at 75% of the value of your stored gold.
If you store your gold in Zurich for at least one year and take out a line of credit worth over 50% of the gold's market value, your storage costs will be completely free. If you choose to sell your gold after one year of an open line of credit and storage, the typical administration fees will also be waived.