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Now that you’ve decided
to buy gold and get into true money, its time to
think about properly storing and protecting your investment. There are two
primary options in safeguarding your gold purchase. You may either arrange to
take personal possession, or have your recently purchased gold bullion stored
at a third-party
insured vault.
 
As our CEO and Founder
Mike Maloney, author of the #1 selling precious metals book Guide to Investing in Gold and Silver, is often quoted,
“If you can’t hold it, you don’t own it”. Being gold
and silver investors ourselves, we first prefer to take physical delivery, as
this is the only counter-party free alternative and the surest way to ensure
true ownership.
To Maximize the
Efficiency and Security of Your Decision for Home Storage... Consider the
Following:
1) The amount of space
the metals will occupy.
2) Your safety and
comfort level.
3) Creative means of home
storage.
The Space the Metals Will
Take
The most obvious
consideration to address is the storage space. The relatively small area
required to securely store gold in comparison to silver makes home storage
very convenient. For instance, American Gold Eagles, are sold in 1 oz.
increments and when ordered in large quantities are shipped in tubes
containing 20 coins. A single tube of Gold Eagles fits in the palm of your
hand and is about 3.5" in height with the approximate diameter of a
dollar coin.
The high value, high density
of gold helps as it opens up possibilities of where you can store your metals
regardless of where you live or your housing situation. Thus, gold's compact
form and conveniency creates an almost limitless
array of possibilities for home storage.
Your Safety and Comfort
Level
When it comes to home
storage, an important factor to consider is your safety, peace of mind, and
comfort. Your safety should be of upmost concern, thus never hold more in
your dwelling than you feel comfortable to sleep well at home with.
Additionally, limit the
number of individuals who have knowledge of your investment. Investment in
precious metals should be a completely private decision, the less people who
know about this, the less of a potential target you will be. Once you establish
a degree of confidence and security with your decision you will fully
understand the benefits of home storage.
Creative Means of Home
Storage
Try to think outside the
box and go against conventional thinking. Most importantly Have Fun With It!
Everyone usually thinks
of the same typical options like: purchasing a safe and/or having an alarm
system. Challenge yourself to think of multiple different means of embedding
the metals. Consider ways to secure the metals 3 layers deep and away from
apparent view from a burglar, who would be looking for things to grab and go.
For example: In a floor safe that is bolted to the ground, covered by floor
boards, with carpet and a China cabinet over it. Simply do a Google search on
terms like: “storage compartments”, “secret bookcase”
or other like key terms on YouTube. This will give you many creative ideas.
You should be able to discover many clever solutions that the average thief
would not even think of.
Once you are comfortable
with the idea of having gold at home and have taken the proper safety
measures, you will feel at ease and be able to understand the value of having
physical possession of your bullion.
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