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Status: (12) Chevrolet
Joined: Nov 2007
Posts: 40
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Expertise: Fastlane Student
Locale: PA; International
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Placing Gold and Silver in an LLC?
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May 21st, 2008, 04:45 AM
#1 (permalink)
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I’m currently researching this, but if anyone has knowledge on the subject, feel free to comment.
Is it practical to have gold and silver bullion coins listed as assets within an LLC? I purchased 25K in gold and silver coins a little over 2 years ago. When I create an LLC I would like for them to be held as assets for two reasons:
1) Asset protection. Although I keep them in a safe place, I would like for them to be insured.
2) Loan approval. It would make my LLC more valuable in the eyes of lenders, thus improving the chances of a loan being approved for the LLC.
I’m not even sure if this is possible…any thoughts?
Thanks
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