GOLD assets - can it be counted towards reserve requirement for a mortgage

[Sundar Krish]

Hi, I am trying to buy my 5th home (existing 1 - primary, 3 other investment). I am aware that Fannie Mae has reserve requirements for home 5- 10 and in my case I have to show six months of reserve for all 2nd -5th homes.

My question is
1. Would I be able to count GOLD assets that I have towards this reserve.
2. If yes, what sort of appraisal documentation / certificate are preferred / acceptable.

3. Furthermore, Can I also count my GOLD assets towards establishing the capability for downpayment itself, the idea being that I can liquidate the gold and use it for downpayment just before closing ( and after loan approval from the underwriter).

Of course to keep the process simple, I can start off with liquidating the gold even before the loan application process, but if the loan or the house sale falls through for some reason, I would have wasted enough money on the gold liquidation and ideally I want to liquidate it only as late as possible.

I know each lender might have different policies surrounding this, I just want to get an idea of what is the normal practice. I have not got a response yet from my lender, this is probably something that they would rather answer once I go through the loan process and the file is before an underwriter, but that is a bit too late for me.