Gold as collateral!
Using gold as collateral sounds like a perfect idea. You pay for the export costs, corresponding taxes and else that the seller demand you to pay and get gold instead as collateral.
What you have done in the worst case is to have bought the collateral. The money that you paid you do not have any real control over as the payments if done is not in your name.
Anyhow, you have the gold, or? What document will show anyone that you got the gold in a legal transaction. You did not buy it or? How will you export it? Can you show that you are the owner?
Most probably the seller demanded to have some kind of control over the collateral. It has been most probably depositet in a safe of a lawyer or a bank. Do you have full control that it is gold in the collateral and will it be gold when you open the safe or when the bank hands it out.
Would you had heard of corrupt lawyers and bank officers or bribes and criminal employees the use of gold as collateral is not a good idea. The bank or lawyer will claim that you are the fraudster and you have to prove their wrongdoings.
Avoid the impossible and think of another method to close the deal.
