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Monday, June 13, 2022

Tips For Secure Gold Bullion Storage

Photo by Zlaťá on Unsplash

The pandemic caused havoc around the world, sending stock markets into volatile mode and when markets are uncertain, private investors tend to jump ship, preferring the steadiness of gold bullion. Where does one go to acquire gold bullion? We recommend starting with an Internet search to find the website of a reputable gold bullion dealer, then visit their offices where you can complete the transaction and take physical possession of the commodity.

Here are a few secure methods of storing gold bullion:

  • Install A Concealed Safe In The Master Bedroom - This is a solution that many homeowners prefer. They can keep all the family heirloom jewellery and your stash of gold will also fit nicely into a medium-sized floor safe. Of course, no one should ever know the location of the safe, with perhaps the exception of close family. This is one of the safest ways to store very valuable commodities and documents, as well as do keep a copy of the combination numbers in a place where you remember. 
  • Rent A Safety Deposit Box - Let's say you decide to put your wealth into American Eagle gold coins and when canny investors wish to buy from Brisbane gold bullion dealers or from traders near their location, storing these coins into a rented safety deposit box is naturally first choice. There will be a bank or security company that has safety deposit boxes for rental, which is probably the best place to store your precious metal, along with property title deeds and life insurance policies. Of course, you can only access your items during office hours and you should never lose your key; the cost of drilling out the lock is significant.
  • Storage Pouches/Boxes - While you could simply stack up the ingots inside the safe, we don’t recommend this, as gold bullion can easily be scratched. Gold coins typically come in small felt-lined plastic boxes and you can acquire these online if you need them.
  • Don’t Hide The Gold - Some people think the safest place is to bury the gold in the back garden and if no one knows it is there, you would think that would be safe enough, when it is actually too safe, if such a thing is possible. If you have most of your wealth tied up in gold bullion and you’re the only person who knows the location, should anything happen to you, the wealth is lost forever.
  • Storage Unit - If you rent a secure storage unit, there’s nothing wrong with storing your gold in a drawer. If the unit is inside a secure complex, no one is ever going to be able to access your unit without your permission. We are taking about a small amount; large quantities should be stored in a security vault.

Photo by Scottsdale Mint on Unsplash

You should always take physical possession when investing in either gold coins or bullion. Make an appointment to visit the bullion dealer’s offices, where you can complete the transaction in private. No one needs to know of the purchase; gold bullion dealers would never reveal any information about their clients.

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