How to Store Your Gold Safely: 15 Tips

Gold is a valuable asset.  Precious metals are popular because they have a high value and liquidity. Ideal for emergencies or if you don’t trust government money.

Tip #1: Educate Yourself On The Different Types of Storage Options

There are many different types of storage options for your gold. Depending on how much you have to store and the facility's security features, you can choose either a personal safe or a bank deposit box.

Tip #2: Make Sure You Have Insurance

If you're storing a large amount of gold, it's a good idea to have insurance if something happens. Your homeowner's or renters insurance policy may not cover your gold if it's stolen, so make sure you speak with an agent about getting specific coverage for your valuable assets.

Tip #3: Do Research on Different Storage Facility Options

There are many different storage facility options available, so make sure you do your research on each one before signing a contract.

Tip #4: Don't Be Too Obvious About Having Gold

If you're going to store your gold at home, don't go around telling everyone about it. Keep it hidden in a safe place and only tell people you trust about it. Don’t ever broadcast a vacation on social media. You’re asking to be robbed when doing this.

Tip #5: Make It Difficult to Get To

If you're storing your gold in a personal safe, make sure it's hidden and challenging to access. The difficulty will help deter thieves from trying to break into your safe.

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