Gold should be stored in an area that is protected from high humidity and fluctuating temperatures. A jewelry box with a lock or a safe are both great investments for storing and protecting jewelry and other small gold valuables. Safes are also a popular option for storing metals such as gold. Some people prefer to store their gold at home, but there are a few things you should keep in mind if you prefer to store it at home.
Many of the largest gold dealers in the country work with some of the safest gold storage facilities. The gold investor can fully rely on the fact that this is a simple transaction and that the gold they store is safe at their external location. If you come to the conclusion that more than one confidant knows that you own gold or believe you could be a natural target, you might want to keep less gold in the house or at least reconsider your home storage plan. A safe at your local bank branch offers more secure storage than keeping gold at home.
While external gold storage can eliminate space and security issues, the gold buyer does not have immediate physical access to their gold. Of course, the heavier the safe, the more likely it is that you’ll need to have it delivered and installed, and that would show the installation company that you have valuables in the house. Because of the extent to which they buy and sell gold, they only allow large deposits of gold, which must be in ingot form. If you decide to store your gold at home, you should spend every penny to make sure it’s safe.
Spending a little money to properly secure your gold locally or externally is the best way to protect your investment. So if you’re tempted to post photos of you holding your gold bars on social media, think again as it could attract unwanted attention. While keeping gold at home can be scary for some people, it can be the right choice under certain circumstances. With external gold storage, you can buy as much physical gold as you want and then tell the gold dealer to bring it to a gold warehouse without fuss, without effort.
Nothing is perfect, and that certainly includes the various options for gold storage on site and off-site. It’s no secret that ensuring safe storage is one of the most important aspects of owning silver, gold, and precious metals.