You have numerous options for storing gold, each with their own benefits and disadvantages. Here are some possibilities on the best ways of storing gold:.
Hiding your safe somewhere thieves wouldn’t think to look– such as in with household goods or garage tools in a basement. A “dummy” safe – one that is set out in the open specifically for thieves.
It really depends on your individual preference. The advantage of storing gold is that it’s readily on hand, should you need it.
The disadvantage is that thieves don’t just break it – they could also hold you hostage. If people know you have gold in a safe, they may just come in when you’re home (or your kids) and force you to give them the combination.
this is one reason that it may not be a good idea to store a great deal of gold or other belongings in a safe at home so what are the other options.
Safety Deposit Box.
There certainly are options to rent a safety deposit box and for storing gold at a financial institution such as a bank. The advantage is that thieves are much less likely to burglarize and steal.
There are some negative aspects. You may not be able to get into your box in a genuine crisis – which defeats the purpose of holding gold in the initial instance.
Contents in safe deposit boxes are actually not dealt with by bank insurance. If there is a break-in at the bank, you may lose everything you will need your own insurance.
Allocated or Segregated Vault Storage.
This is most likely one of your best options for storing gold in large amounts. You can have your gold kept safely in a protected, assigned, insured vault.
This means your gold products are registered in your name and distinct from various accounts. You are able to also take personal delivery of your gold bars. You can even store your yellow metal in a vault which is out-of-country i.e. USA, Switzerland, Hong Kong.