Gold should be stored in an area protected from high humidity and fluctuating temperatures. Both a lockable jewelry box and a safe are excellent investments for storing and protecting jewelry and other small items of gold value. Safe deposit boxes are also a popular option for storing metals such as gold. In reality, there are only three ways to store your gold: keeping it at home, using a bank's safe, or paying an outside storage company.
It is important to do your research and read a Gold IRA rollover review before deciding which option is best for you. It is important to do your research and read a Gold IRA rollover review before deciding which option is best for you. Secret storage is the simplest and least expensive method of storing gold or silver. This storage method is ideal for customers who own small or medium-sized collections of precious metals. Just find a safe place to hide in your home or on your property and store your valuables. This prevents others from knowing their whereabouts and, at the same time, provides their owners with easy accessibility.
Common practices for hiding precious metals include hiding them in a hollow book or burying them in the garden. If you come to the conclusion that more than one confidant may know that you own gold or think you may be a natural target, you may want to keep less gold in the house or, at least, rethink your home storage plan. Louis Palafoutas, a Morgan Gold gold bullion dealer who has been in the gold industry for three decades, says that while some buyers choose to store gold in a safe at home, others ask to open accounts at Brink's or Delaware Depository, where the Comex and the Internal Revenue Service keep their gold.