Can you use your credit card to buy gold, only to immediately resell it for cash? Matthew Pillmore, president of VIP Financial Education, calls various credit card providers asking this question. So why is Matt asking this question? Well, this “creative financing” idea came from a video we recently reacted to, so this video is basically a part two to that video (How to Buy Real Estate Using Credit Cards).

If you haven’t seen that video yet be sure to check it out first!

So is it even possible to generate cash using the technique they discussed? Is this a good way to create progressive income (formerly known as passive income) by accessing 0% interest credit cards, buying gold with them and getting csh for the gold to use in real estate investments? Forget whether it works well for real estate investing, is this technique even legal??? Follow along as Matt calls Chase Bank, Bank of America, Wells Fargo and Barclays to find out! Can he use his Bank of America Business Credit Card for this technique?

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