Company: GOLD
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0000950170-25-016909
Chunk: 271

Company: Gold.com, Inc.
Filing Date: 2025-02-10
Form: 10-Q
Item: Item 1
Chunk 271
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 are assessed.When an account is in default or if a margin call has not been met on a timely basis, the loan is considered non-performing and the Company has the right to liquidate the borrower's collateral in order to satisfy the unpaid balance of the outstanding loans, including accrued and unpaid interest.Class and Credit Quality of LoansThe three classes of secured loan receivables are defined by collateral type: (i) bullion, (ii) numismatic and semi-numismatic and (iii) graded sports cards. The Company required LTV ratios vary with the class of loans. Typically, the Company requires an LTV ratio of approximately 75% for bullion, 65% for numismatic and semi-numismatic collateral, and 50% for graded sports cards. The LTV ratio for loans collateralized by numismatic and semi-numismatic collateral is typically lower on a percentage basis than bullion collateralized loans because a higher value of the numismatic and semi-numismatic collateral relates to its premium value, rather than its underlying commodity value. The LTV ratio for loans collateralized by graded sports cards is lower because the underlying collateral is not as liquid as bullion and numismatic and semi-numismatic collateral.The Company's secured loans by portfolio class, which align with internal management reporting, were as follows (in thousands):

        December 31, 2024

        June 30, 2024

        Bullion
         
        $
        48,210

        49.0
        %
         
        $
        64,764

        57.3
        %

        Numismatic and semi-numismatic

        43,106

        43.8
        %

        42,588

        37.7
        %

        Graded sports cards

        7,145

        7.2
        %

        5,715

        5.0
        %

        $
        98,461

        100.0
        %
         
        $
        113,067

        100.0
        %
       
       Due to the nature of market fluctuations of precious metal commodity prices, we monitor the bullion collateral value of each loan on a daily basis, based on spot price of precious metals. Numismatic and graded sports cards collateral values are updated by numismatic and graded sports cards specialists typically within every 90 days and when loan terms are renewed.Generally, we initiate the margin call process when the outstanding loan balance