If you have decided to invest in gold, your next question is most likely, “how do I store it?” The good thing is that there are many different options available when looking for gold storage.
Whatever secure gold storage options you are in the market for, you can find information on all the different services here.
Importance of Secure Storage
After buying gold or other precious metals as an investment, the next most important aspect to research is how to store it securely. In 2010, the FBI reported that $1.6 billion worth of precious metals were stolen, a 51% increase from five years previously. If anything else, this should show the importance of safely storing your new investments.
There are many options available, and perhaps the smartest way to store precious metals is to take advantage of a few different options.
Gold Storage Options
When on the hunt for gold bullion storage, there are multiple secure options available.
Many first time gold investors may think first about using a bank locker to secure their gold or silver. While this may be secure for small amounts of gold, such as coins, it can end up being very expensive and not as flexible as other options. For example, if there is a change in the market on a Friday, you might not have the opportunity to access your gold at a bank until after the weekend.
Another option for secure gold storage would be keeping your gold in a safe at home. You would know exactly where your gold is kept, but this information should be kept extremely private, even from friends and family. The fewer people who know you are storing gold in your home, the better. However, when storing gold at home, it is not as liquid as with other options because it would need to be assessed by a dealer before being sold.
Perhaps one of the most secure options would be storing your precious metals in a vault. In a vault, your gold is secure, accessible, and more liquid. Your assets will be accessible from one place, and therefore will have the ability to be bought or sold from one central location.
Any Gold Investment customer has the ability to take advantage of our storage options. Physical gold bars are kept at the London Silver Vaults at a cost of £4 per one oz of gold per year.
Advantages of Gold Storage
One of the biggest advantages of investing in gold is having control over your wealth, and having a secure investment through market fluctuations. By taking advantage of a few different storage options, the risk of losing your investment due to one factor or another can significantly decrease.
Diversifying your storage options can help keep your investments safe, as well as allowing you complete control over your wealth, which in turn allows you greater flexibility and security when it comes to your investments.