Contact us
CALL US NOW 1-888-GOLD-160
(1-888-465-3160)

Six Tips for Storing Your Gold and Silver Safely at Home

  by    0   4

So, after you buy gold or silver, what do you do with it?

Leaving it in a desk drawer probably isn’t the best idea. Sticking it in a sock under your mattress isn’t exactly secure either. You could bury it in the back yard, but then you run the risk of forgetting exactly where you put it. And drawing a giant X on the ground might be a little obvious.

Storage is an important consideration when investing in physical gold and silver. You want to keep your investment safe and secure, but also accessible.

If you have large amounts of gold and silver, you might want to consider storing it away from your home. SchiffGold has developed partnerships with the world’s finest professional storage services. These secure vault facilities are strategically located around the world and have excellent reputations. We can help you arrange for secure, affordable storage of your precious metals.

But it’s never a bad idea to keep a small amount of gold and silver in your possession so it’s easily accessible.

Here are a few tips for home storage.

  1. Don’t be obvious. Figure it this way: if you’ve seen it on TV, the bad guys probably have too. So, no. The hollowed out fake book isn’t a good solution. The key is to be creative.
  2. Layers. Thieves like to grab and go. They want to get in and get out. Layering your hiding place will slow down and deter thieves. For instance, a floor safe underneath a bookcase will probably be more trouble than its worth. The key is making it as difficult as possible for the thief. The more he has to dig around and move stuff, the more likely it is he will just move on.
  3. Use Decoys. A safe placed in a more obvious spot with some cheap jewelry or less valuable coins inside may make a thief think he’s found your stash.
  4. Don’t tell everybody. This may seem obvious, but don’t tell everybody where you’ve hidden your silver and gold. If a lot of people know you have precious metal in your home, you’ve made yourself a target.
  5. Tell somebody. By the same token, make sure you tell somebody where your gold and silver is hidden in case you become incapacitated. You don’t want to end up like whomever hid 13 pounds of gold inside a piano and left it there.
  6. Consider a high-quality safe. If you’re storing precious metals at home, you probably don’t want to count on a safe you bought at Walmart. Buy a high quality safe to protect your investment. Our SchiffGold precious metal specialists can help you chose a safe that’s right for you.

Get Peter Schiff’s latest gold market analysis click here for a free subscription to his exclusive monthly Gold Videocast.
Interested in learning more about physical gold and silver?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!

 


Related Posts

Why Don’t Millennials Care About Gold? Actually, They Do

Gold Flows into ETFs for Second Straight MonthDo millennials get gold? If you embrace the stereotypes, you may think not. After all, millennials have both feet firmly planted in the digital world. Gold is pretty “old-fashioned.” You might assume they would be far more interested in cryptocurrencies. Or perhaps you just figure millennials aren’t investing at all. But as it turns out, […]

READ MORE →

The Fed Isn’t the Only Game in Town: The ECB Takes a Decidedly Dovish Turn

All eyes will focus on the Federal Reserve as it wraps up its June meeting. But it’s important to remember the Fed isn’t the only game in town. Moves by the European Central Bank also have a significant impact on the global economy (and the gold market) and it has taken a decidedly dovish turn. […]

READ MORE →

China Dumps More US Treasurys

China dumped more US Treasurys in April, selling off another $7.5 billion in US debt, according to the latest US Treasury Department data.  This follows on the heels of the biggest US Treasury selloff by the Chinese in nearly 2 1/2 years in March. Over the last two months alone, the Chinese have dumped some […]

READ MORE →

China Urges International Community to Find Alternatives to ‘Weaponized’ US Dollar

In an opinion piece published yesterday, a Chinese government newspaper called for the international community to find alternatives to the global dollar system and warned “capricious actions” by the United States government could “ruin the future of the dollar itself.” This is yet another sign that the world is getting tired of the US weaponizing […]

READ MORE →

How High Can Consumer Debt Go Before the Bubble Pops?

Consumer debt climbed to a new record once again in April. The question is how much money can American consumers borrow before the bubble pops? Americans borrowed money at the fastest pace in five months in April, according to the latest Federal Reserve Consumer Credit Report. Total consumer credit increased by $17.5 billion. That’s an […]

READ MORE →

Comments are closed.

Call Now