Storing gold and silver in dry places like a depository, a safe deposit box, or an at-home safe is the best option. If you use one of those locations, consider putting your gold and silver in a waterproof container to be on the safe side.
If you purchase precious metals like gold or silver bullion, the next and most critical step is to keep it safe. Both gold and silver have attractive features. Before buying gold, people always think about vaulting & security.
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Safely Storing at Home
A home safe and alarm system might deter potential break-ins. Burglars may steer clear of decoding a safe, and a monitoring setup can add an extra layer of protection.
Before investing in these safety features, consider how much your gold and silver bars and coins are worth. Then compare the investment to the price of a safe and alarm system.
Research Offsite Storage Options
If you feel more comfortable keeping bullion outside of your home, check with your local bank. Some financial institutions will let you store metals in a safety deposit box or vault.
Certain storage centers offer the option of vaulted storage. With this option, your bullion will be placed in a secure vault, which often consists of a wooden crate.
The sealed crate is then stored in a safe, insured warehouse. You’ll need to pay a storage fee based on the amount of space you use and the length of time the gold is stored.
