Money Metals Secures $70 Million to Expand Its Gold-Backed Loan Service

▤ Summary

Money Metals secured $70 million in combined equity and debt financing to grow its precious-metals-backed loan program. The company lets businesses and investors borrow against gold, silver, platinum, and palladium stored in its depository. It says underwriting is nearly instantaneous and that loan terms include interest-only payments, auto-renewal options, and low rates. The company expects demand for the program to double over the next 12 months as more borrowers seek liquidity without selling their metals.

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