Because gold in its purest form is so valuable, the problem of how to store it becomes a primary concern to investors. It does not seem very wise to keep $50,000 of gold in a safe in your home.
The problem with storing gold is that once it is stolen it is not traceable. Gold can be easily melted down, and the form can be changed. The value, however, most likely will remain the same.
Gold Storage Vaults:
Fortunately for investors there are answers and solutions available for investors who want to store volumes of gold that over 1 ounce. Gold is stored off site at a central storage vault.
This system works much the same was as a safety deposit box would work at a bank. The difference is that the person who controls the vault is issued a deposit certificate that lists the custody rights for the owner or beneficiary.
The certificates list the account inventory levels. Quality storage vaults for gold have policies that keep individual gold deposits separate from other depositors gold.
This means that the gold that is deposited into the vault under your name is the same gold that can be removed if you so choose. The convenience of using a gold storage vault is that gold that is purchased can be securely shipped directly to the gold vault.
This provides a great deal of security for keeping valuable investments. Vaults are located around the world. Another important aspect of using a vault to store gold is that the contents are insured.
Safety Deposit Boxes:
Smaller amounts of gold can be stored in a safety deposit boxes. These may be single coins or jewelry that may be physically needed from time to time.
There are problems with safety deposit boxes. They are only accessible during banking hours. The Government may also be able to track gold that is kept in a safety deposit boxes.
When you buy gold bullion, home safes offer another solution to storing the gold. The problem is the limited amount of gold can be stored in a home safe securely. It may be prudent to keep a small amount on hand for emergencies.
Gold is invested as a hedge against monetary disasters and keeping some gold on hand would be wise.
The amount of gold kept in a house would depend on how secure the safe is and if the value of the gold could be insured against theft of fire or some other form of damage.
Odd Methods Of Storing Gold:
People have buried gold and other valuable in their yards as a means of keeping them safe. Hiding valuable is an odd way to store investments. This is an example of why gold is important for investing. It converts easily to currency.
There are many creative ways to hide gold and people have discovered the hard way that not every idea is a good idea. Hidden caches within homes have been destroyed by fire, robbery and even family theft.
Storing Gold Safely:
This is a modern world and thieves have many devices available to them. Consider storing gold in places that offer security and are capable of being covered with insurance should disaster or theft strike.
Off all of the choices outlined in this article, the best choice is a gold vault that is located off-site. Gold storage vaults are not expensive to use, they are covered with insurance, and are under the control of professionals who know how to keep gold and valuables safe.
Keeping a few gold coins or pieces of jewelry at home or in a safety deposit box may be practical, but invests of larger amounts of gold should be house appropriately in a vault.