Business

Curt Schilling put up $5m in gold as collateral for loan

Personal assets not enough to save 38 Studios

Former Red Sox pitcher Curt Schilling says he poured much of his personal fortune into his Providence video game company — and that apparently included a stash of gold coins.

In February, the day after 38 Studios released its first game, Schilling posted 3,200 gold coins — worth roughly $5 million at current prices — as collateral for a loan from Bank Rhode Island in Providence, according to financing statements filed in Massachusetts.

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