Are you in need of Cash but don’t want to sell your Precious Metals, we can be of help. It’s called Equity Exchange.

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Miles Franklin’s new Equity Exchange program does not actually involve borrowing or lending in the conventional sense, although it does allow customers to unlock equity in their precious metals assets without losing them. We refer to our new program as Equity Exchange because it is the best moniker to represent our standard business transactions of buying and selling precious metals, for this program.

Please remember, unlike most loans, Miles Franklin’s Equity Exchange has:

• NO credit application or application fees
• NO appraisal fees
• NO origination fees
• NO closing costs
• NO credit checks
• NO monthly payments

How Miles Franklin’s Equity Exchange works?

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First, you decide the amount and type of precious metals that you wish to store with us and which location you wish to store them in.

Second, you decide the approximate amount of equity (cash) that you would like to unlock from the precious metals assets you have chosen to put in storage and for how long you would like to have it.

Third, based on your answers, Miles Franklin will make you a standard offer to purchase your precious metals at a price 25% below the prevailing market rates, (to prevent this transaction from being impacted by market volatility), while simultaneously making you a standard offer to sell you back those exact same precious metals at some future date, based on how long you choose to exchange your equity. Like the purchase price, the sale price, (or Sellback price), will also be 25% below the prevailing market rates plus our costs to exchange and store the equity. Our Equity Exchange Sellback Contracts can be for any amount of time up to three months, and if requested prior to the expiration date of the Sellback Contract, are renewable, where we can offer you a new Sellback Contract that extends the period for which you would like to maintain your Equity Exchange for additional three-month periods.

With our Equity Exchange program, you have no obligation to ever purchase back your metals unless you want, and similarly, you can choose to purchase back your metals at the contracted sale price, (Sellback price) at any time prior to the expiration date of the Sellback contract with no penalty. During your Equity Exchange your precious metals will be transferred from your segregated storage account to Miles Franklin’s Equity Exchange segregated storage holding account and upon completion of your Equity Exchange your exact same precious metals will be transferred back to your segregated storage account. The cost to Exchange Equity is less than 1% per month, (85 basis points per month, .0085), prorated for the time of the Equity Exchange, and the cost of storage during an Equity Exchange is 85 basis points per year, prorated for the end of the Equity Exchange at Market Value.

  • Here’s an example…Customer Smith has (20) 1oz. Gold American Eagles which he has stored or would like to store with Miles Franklin. Customer Smith is in need of some cash for his daughter’s wedding and so decides he would like to unlock the equity in his Gold American Eagles for 3 months utilizing Miles Franklin’s Equity Exchange. Based on Customer Smith’s decisions, Miles Franklin offers to purchase Customer Smith’s (20) 1oz. Gold American Eagles at market rates for $40,000, ($2000 each), less 25% for a total of $30,000, which are stored with Miles Franklin in Los Angeles. Miles Franklin also guarantees to sell back to Customer Smith his same (20) 1oz. Gold American Eagles, three months into the future at market rates plus the cost of exchanging and storing the equity. During the three months, Gold prices rise and Customer Smith’s Gold Eagles are now worth $42,000 ($2100 each). Customer Smith decides to purchase his precious metals back and so engages his guaranteed Sellback with Miles Franklin Equity Exchange at a total cost of $30,854.25. Upon completion of his Equity Exchange with Miles Franklin, Customer Smith was able to utilize the equity locked into his precious metals for his daughter’s wedding and was still able to purchase his same precious metals assets back, three months later, for about 27% below the current market rate.
  • Here’s another example…Customer Jones has (1000) 1oz. Silver Eagles which she has stored or would like to store with Miles Franklin. Customer Jones needs to buy a car and decides she would like to unlock the equity in her Silver Eagles for 9 months utilizing Miles Franklin’s Equity Exchange.Based on Customer Jones’s decisions, Miles Franklin offers to purchase Customer Jones’s (1000) 1oz. Silver Eagles at market rates for $30,000, ($30 each) less 25% for a total of $22,500 which are stored with Miles Franklin in Montreal, Canada. Miles Franklin also guarantees to sell back to Customer Smith her same (1000) 1oz. Silver Eagles, three months into the future at prevailing market rates plus the cost of exchanging and storing the equity. During the three months, Silver prices temporarily take a downturn and Customer Jones’ Silver Eagles are now only worth $28,200 ($28.20 each). Customer Jones decides to purchase her precious metals back and so engages her guaranteed Sellback with Miles Franklin Equity Exchange at a total cost of $24,401.03. Upon completion of her Equity Exchange with Miles Franklin, Customer Jones was able to utilize the cash locked into her precious metals to buy a car and was still able to purchase her same precious metals assets back, nine months later, for about 14% below the current market rate, even after nine months in a down market.

Please feel free to contact us at 952-582-6316 to discuss an Equity Exchange.