How do banks view silver and gold when assessing assets?

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Now that's an idea... hope you have $50k to loan me when I come a-knockin' on your door for it!

 

The banks themselves are not backed by assets..I posted "are Australian Banks into derivatives?

SS member Nukz posted graphs of the big 4 Australian banks..They showed that all our banks are professional gamblers and are exposed to derivatives in a huge way. They are only solvent while this section holds up.

Regards Errol 43

 

I've watched those sort of people, and the 'pay day loan' slitherers and not surprised at all.

 

And if you lodge a property title as security the banks are going to hypothecate that too?

 

I like how banks don't view pm's as as assets, it shows how real money is like garlic to a vampire and how farked things have gotten. It shows how much things will change when their house of paper burns down.

 

I'd say that already happens quite a lot with parents loaning fiat to their kids to make up the deposit on a house. Nobody admits to the bank that their parents came up with the deposit and that the kids (the borrowers) essentially have no equity themselves.

 

Yes I agree.

 

I got a loan against my primary residence. When they asked about "assets", I gave them a list of my liabilities (car, furniture, house ...), and never mentioned the bullion.

I imagine if I went bankrupt, and had the bullion listed as collateral the bank would want it.

 

ssshhhh!