The Best Ways to Store Your Physical Gold Holdings

As your supply of physical gold continues to grow, you are going to want to make sure that you are prudent and wise as to where you store it. As you probably know, there are a few different options available and you may find that a combination of one or more will work best for you. Let’s look at the most common and most feasible options to ensure that you have considered them all.
Home Sweet Home
The thought of having physical gold safely stashed at home brings a sense of security and peace of mind to a lot of people. Others however, get nervous just at the very thought of it. We’ve all heard stories of burglaries and if a burglar did find your stash there would be no way to recover it. On the other hand, having a small supply of physical gold on hand could certainly come in handy in the event of an emergency. So it’s up to you as an individual to find that balance between risk and security.
If you do decide to buy gold and stash some at home, you obviously want to be very secretive about its location. Some considerations are: a concealed safe (preferably bolted into place), a false wall or secret cupboard, a food box in the freezer (also offers some protection from fire), a special can designed to look like a drink or food can, or even buried in your back yard. If you store your gold at home, you will obviously be the only one responsible for its safety – which can be a benefit or huge risk depending on your mindset.
Safety Deposit Boxes
One of the most obvious options for storing your physical gold is a safety deposit box at your bank. The advantage of this method is that it is simple and has less risk of burglary than your home does. However there are risks that you should be aware of. If the bank, for whatever reason, becomes insolvent, accessing your gold might become quite difficult. Even though the gold would remain your property, it could take a great deal of time before you have access to it again.
Bullion Dealers
Many bullion dealers and organisations will hold your physical gold in their vaults for a nominal fee.  This would provide much better security than storing it at home and would also make it easy to sell it back into the marketplace when the time comes. This also minimises the cost and risk of transportation from the dealer to your home.
Allocated or Unallocated Storage
Allocated storage means that your actual physical gold remains segregated from the gold belonging to other investors. Unallocated storage means that gold is purchased for you at an agreed upon spot price. You don’t actually own the gold but the purchase transaction serves as a promise to provide you with that amount of bullion when you request it. In essence you are an unsecured creditor with the institution with whom you are dealing. Obviously you want to do careful research before committing your physical gold holdings to someone else.
The nice thing about having some physical gold on hand is that no matter what might happen, it can always be used as a medium of exchange in the event of an emergency or catastrophic global event. So regardless of where you decide to store it, the main thing is to ensure that you do have a stash of physical gold securely tucked away, just in case.

As your supply of physical gold continues to grow, you are going to want to make sure that you are prudent and wise as to where you store it. As you probably know, there are a few different options available and you may find that a combination of one or more will work best for you. Let’s look at the most common and most feasible options to ensure that you have considered them all.

Home Sweet Home

The thought of having physical gold safely stashed at home brings a sense of security and peace of mind to a lot of people. Others however, get nervous just at the very thought of it. We’ve all heard stories of burglaries and if a burglar did find your stash there would be no way to recover it. On the other hand, having a small supply of physical gold on hand could certainly come in handy in the event of an emergency. So it’s up to you as an individual to find that balance between risk and security.

If you do decide to buy gold and stash some at home, you obviously want to be very secretive about its location. Some considerations are: a concealed safe (preferably bolted into place), a false wall or secret cupboard, a food box in the freezer (also offers some protection from fire), a special can designed to look like a drink or food can, or even buried in your back yard. If you store your gold at home, you will obviously be the only one responsible for its safety – which can be a benefit or huge risk depending on your mindset.

Safety Deposit Boxes

One of the most obvious options for storing your physical gold is a safety deposit box at your bank. The advantage of this method is that it is simple and has less risk of burglary than your home does. However there are risks that you should be aware of. If the bank, for whatever reason, becomes insolvent, accessing your gold might become quite difficult. Even though the gold would remain your property, it could take a great deal of time before you have access to it again.

Bullion Dealers

Many bullion dealers and organisations will hold your physical gold in their vaults for a nominal fee.  This would provide much better security than storing it at home and would also make it easy to sell it back into the marketplace when the time comes. This also minimises the cost and risk of transportation from the dealer to your home.

Allocated or Unallocated Storage

Allocated storage means that your actual physical gold remains segregated from the gold belonging to other investors. Unallocated storage means that gold is purchased for you at an agreed upon spot price. You don’t actually own the gold but the purchase transaction serves as a promise to provide you with that amount of bullion when you request it. In essence you are an unsecured creditor with the institution with whom you are dealing. Obviously you want to do careful research before committing your physical gold holdings to someone else.

The nice thing about having some physical gold on hand is that no matter what might happen, it can always be used as a medium of exchange in the event of an emergency or catastrophic global event. So regardless of where you decide to store it, the main thing is to ensure that you do have a stash of physical gold securely tucked away, just in case.

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