Asset Class · Precious Metals

Private Capital Secured by
Precious Metals

Gold, silver, and platinum bullion accepted as collateral, LBMA Good Delivery bars, assay-certified holdings, sovereign mint coins, and significant bullion portfolios. Spot-based underwriting. 24-hour term sheets.

Precious Metals: The Most Liquid Collateral in the World

Gold, silver, and platinum hold a unique position among asset classes. They are simultaneously stores of value, globally recognized mediums of exchange, and highly liquid commodities traded 24 hours a day across international markets. Unlike most collectible assets, precious metals prices are determined transparently by continuous global trading, London AM/PM gold fixes, COMEX futures, and LBMA spot pricing provide unambiguous, real-time reference values accessible to any market participant.

This combination of global liquidity, price transparency, and universal recognition makes precious metals some of the most straightforward collateral for private capital arrangements. The Liquidity Network structures capital against precious metals holdings efficiently and precisely, anchored to verified weight, assay-confirmed fineness, and current spot price, with loan-to-value ratios that reflect the deep liquidity of these markets.

Whether you hold LBMA Good Delivery bars in a recognized vault, a portfolio of PAMP Suisse minted bars, a collection of American Gold Eagles or Canadian Maple Leafs, or a significant holding of platinum group metals, TLN provides discreet, fast, and fair capital against your position without requiring liquidation.

Understanding LBMA Standards and Why They Matter

The London Bullion Market Association (LBMA) is the global authority governing the international wholesale gold and silver market. LBMA Good Delivery standards define the minimum specifications for bullion bars acceptable for settlement in London, the world's most liquid physical gold and silver market, transacting hundreds of billions of dollars in bullion daily.

LBMA Good Delivery gold bars must weigh between 350 and 430 troy ounces, with a minimum fineness of 99.5% gold. LBMA Good Delivery silver bars must weigh between 750 and 1,100 troy ounces, with a minimum fineness of 99.9%. Each bar must be produced by an LBMA-approved refiner, stamped with the refiner's hallmark, serial number, fineness, weight, and year of manufacture, and accompanied by an assay certificate confirming its specifications.

For lending purposes, LBMA Good Delivery bars represent the gold standard (literally) of bullion collateral. They are accepted by central banks, bullion banks, institutional investors, and recognized storage facilities worldwide. Their verified specifications eliminate assay uncertainty and their global liquidity means we can underwrite them with confidence against verified spot price references.

Gold: The Premier Precious Metals Collateral

Gold has served as a store of value and medium of exchange for millennia, and its position in modern capital markets reflects this long history. Central banks hold gold as a reserve asset. Sovereign wealth funds allocate to gold as portfolio insurance. Institutional investors use gold as a hedge against currency debasement. This depth of institutional demand creates the liquidity that makes gold the most efficient precious metals collateral.

The forms of gold we accept include:

  • LBMA Good Delivery bars (400 oz): The institutional standard. Verified weight, fineness, hallmark, and serial number. Ideal collateral with maximum LTV treatment.
  • PAMP Suisse, Valcambi, Credit Suisse, and Perth Mint minted bars: Recognized globally, available in 1g to 1 kg sizes, typically in assay-certified blister packs confirming specifications.
  • American Gold Eagle coins (1 oz, ½ oz, ¼ oz, 1/10 oz): Produced by the U.S. Mint, legal tender, with gold content guaranteed by the U.S. government. Widely accepted and highly liquid.
  • Canadian Gold Maple Leaf coins (1 oz): Produced by the Royal Canadian Mint, 99.99% pure gold, with laser-security features providing authentication assurance.
  • South African Krugerrand (1 oz): The world's first modern gold bullion coin, widely traded globally with deep secondary market liquidity.
  • Austrian Gold Philharmonic, Chinese Gold Panda, and other sovereign mint coins: Reviewed on a case-by-case basis based on recognized fineness and market liquidity.

Silver and Platinum: Accepted with Appropriate Structures

Silver presents a different collateral profile than gold, lower price per ounce but similar global liquidity and LBMA market infrastructure. For significant silver holdings (multiple LBMA Good Delivery bars or equivalent), TLN can structure efficient capital arrangements anchored to LBMA silver spot pricing.

Platinum is the rarest of the three primary investment metals, with approximately 190 tons of annual mine supply compared to roughly 3,300 tons for gold. Platinum's rarity, industrial demand (primarily automotive catalytic converters), and recognized market infrastructure, LPPM (London Platinum and Palladium Market) spot pricing, make it a legitimate precious metals collateral category. We accept LPPM Good Delivery platinum bars from recognized refiners including Heraeus, Umicore, and Tanaka.

Bullion vs. Numismatic: How We Approach the Distinction

The critical distinction between bullion value and numismatic (collectible) value is central to our underwriting approach. Bullion value is determined by spot price multiplied by troy weight multiplied by fineness, it is objective, calculable, and globally verifiable. Numismatic value represents the premium a collector pays above melt value for rarity, condition, historical significance, or collector demand.

For standard bullion products, American Gold Eagles, Maple Leafs, PAMP bars, LBMA Good Delivery bars, we base our valuation entirely on bullion fundamentals. This provides maximum transparency and predictability in our underwriting.

For coins where significant numismatic value is claimed above bullion value, PCGS or NGC-graded numismatic rarities, key-date coins, proof sets, or historic monetary coinage, we engage specialist numismatic appraisers and evaluate the numismatic component separately. This allows us to potentially recognize the full value of significant numismatic holdings rather than applying a pure melt-value floor.

The Process

Capital against your metals in days, not weeks.

01

Submit Your Holdings

Provide a description of your holdings, weight, form (bars/coins), refiner or mint, assay certificate copies, and current storage location. We respond within hours with a preliminary assessment.

02

Verification & Term Sheet

Holdings are verified against assay documentation and spot pricing. Non-binding term sheet issued within 24 hours of complete documentation, reflecting current spot price and applicable LTV ratio.

03

Vault Transfer & Funding

Metals transferred to a fully insured, approved vault under your loan agreement. Capital disbursed. At maturity, repay principal and fees, metals returned to your possession or re-allocated per your instruction.

Why TLN

Spot-based, transparent, fast.

Spot-Referenced Valuations

No guesswork. We value your gold, silver, and platinum against current LBMA and LPPM spot pricing, applied to verified weight and fineness. You always know exactly where your valuation is anchored.

LBMA-Standard Vault Custody

Your metals are stored in approved, fully insured vault facilities meeting or exceeding LBMA custody standards. Segregated storage, regular reporting, and full insurance for the duration of your loan.

Assay-Certificate Driven

We rely on independent assay certification from recognized laboratories and mint documentation to confirm fineness and weight. No speculation about metal content, documentation governs.

Mixed Portfolio Structures

Hold gold, silver, and platinum? We can structure capital against the combined portfolio, valuing each metal independently and building a single efficient capital arrangement against the aggregate position.

Common Questions

Precious metals capital FAQ.

What forms of gold, silver, and platinum qualify as collateral?
LBMA Good Delivery bars, recognized minted bars from PAMP Suisse, Valcambi, Credit Suisse, and Perth Mint, gold and silver coins from sovereign mints (American Gold Eagle, Canadian Maple Leaf, Krugerrand, Britannia), and platinum bars from LPPM-approved refiners may all qualify. Numismatic coins of significant value may also be reviewed on a case-by-case basis.
What is the LBMA Good Delivery standard and why does it matter?
The LBMA Good Delivery standard defines the specifications for bullion bars acceptable in the London market, the world's largest physical gold and silver market. LBMA bars are the most liquid form of bullion globally, accepted by central banks and institutional investors worldwide. This near-universal acceptance makes them the strongest form of precious metals collateral.
Do my precious metals need to be in an approved vault?
Holdings in LBMA-approved vaults, Brinks, or other recognized storage facilities with documented custody records are ideal. For holdings in private storage, we arrange secure, insured transfer to an approved facility as part of the loan process. Assay certification confirming fineness is required for all bars.
What is the difference between bullion and numismatic value for lending?
Bullion value is determined by spot price and weight, objective, universally recognized, and highly liquid. Numismatic value (collectible premium above melt value) is subjective and less liquid. We base valuations on bullion fundamentals for standard products, and engage specialist numismatic appraisers for coins where a meaningful numismatic premium is claimed.
How is the loan amount calculated against precious metals?
The loan amount is a function of verified weight, assay-confirmed fineness, current spot price, and an applicable LTV ratio reflecting metal type, storage verification status, and market conditions. We apply conservative LTV ratios to account for potential spot price movement over the loan term.
Can I borrow against a portfolio of mixed precious metals?
Yes. TLN structures capital against portfolios of gold, silver, and platinum holdings evaluated as a combined position. Each metal is valued independently at current spot, and the aggregate position determines total capital available.

Access capital against your precious metals today.

Submit a confidential inquiry and receive a preliminary term sheet within 24 hours. No credit checks. No income verification. Capital anchored to spot price and verified holdings.

Important Disclosures Loan amounts referenced are based on verified collateral value at the time of review; precious metals prices fluctuate and final terms reflect spot pricing at time of agreement. All capital arrangements are subject to independent verification, documentation review, and TLN's underwriting approval. Asset-backed loans use collateral to secure the obligation; failure to repay may result in loss of the pledged metals. TLN LLC. All inquiries are confidential.