Precious metals continue to be a valuable investment option for many people. Whether you are looking to protect your wealth against economic volatility or interested in investing in commodities, precious metals may be a good choice for you. When it comes to storing your precious metals, however, there are some important things to keep in mind. Here are a few tips on how to store your gold and silver bullion safely and securely.
The Importance of Properly Storing Precious Metals
For investors, gold and silver are valuable assets that must be protected. One of the most important components of ownership is storage. While keeping precious metals at home offers investors absolute control over their assets, it is imperative that they protect them from environmental degradation as well as from thieves. There are a number of ways to store precious metals, including safes, vaults, and repositories. Each option has its own advantages and disadvantages, so investors must choose the method that best suits their needs. Regardless of the storage method chosen, it is essential that investors take steps to protect their gold and silver from theft and loss.
Store Your Precious Metals at Home
The first step in planning for storage is to determine how much space your collection will need. The second step is to determine where it is to be stored. There are many factors to consider when making these decisions, including security, environmental conditions, and access. But with a little planning, investors can ensure that their precious metals are safe and sound for years to come.
Precious Metals Safety
Any good investor knows that secrecy is key when it comes to protecting your investment. The fewer people who know about where you've invested your money, the better. If you've chosen to store your investment in a safe, make sure it's a heavy one that will be difficult to move. You should also take extra precautions, such as bolting the safe down or hiding it in a difficult-to-reach spot.
There are also many products available that can help you hide your gold and silver, like clever containers that look like books or soft drinks. If you choose to bury your metals, be sure to remember where you've buried them and only visit the site sparingly. Metal detectors can be used to find buried metals, so make sure you bury them deep enough - at least 4 ft. or more. Taking these precautions will help ensure the safety of your investment.
How to Store Coins Vs. Bars
While flip-books and coin albums are a convenient way to store one-ounce coins, they aren't completely airtight, which can lead to discoloration. To protect your more valuable pieces, coin slabs, the hard plastic cases used for coins graded by a guaranty service, or air tight capsules or other containers are a good choice. For storing bars, look for airtight containers that have slots to keep the bars from touching. There are several brands available that offer holders designed for 20 one-ounce gold or silver bars. By taking the time to find the right storage solution for your needs, you can rest assured knowing that your investment is safe and sound.
Protect Your Portfolio
If you are looking for a safe investment that will hold its value even in times of high inflation, precious metals may be the answer for you. Check out our FREE eBook to learn more about using precious metals as a hedge against inflation. Our team at GMRgold can help you get started with your investments and provide guidance along the way.
GMRgold was created to serve as a safe and stable diversification partner when buying, selling, and trading gold, silver, platinum, and palladium. Let us advise you on new products, portfolio diversification, IRA and 401(k) options, valuation of your collection, and other matters related to the precious metals market. Call us today at 877-795-9585 or fill out our online contact form to learn more about our solid solutions using precious metals to diversify your portfolio.