Where do you store your Precious Metals? How can you ensure your investment will be safe and secure? What measures are you taking to prevent theft and physical loss?
If you’re new to investing in Precious Metals, the last thing you want is to put that investment in jeopardy. That’s why it’s important to choose the best way to store your Precious Metals. Whether you’ve invested in Gold bullion, Silver bars or Platinum bullion, you should do your best to ensure that it’s stored as safely as possible. Your first major decision when it comes to storing your Precious Metals is whether you want to store them yourself or work with a third party.
Personal Storage at Home
One of the most popular options for Precious Metals storage is a safe in your home. A safe offers security and easy access. Safes can be a thief deterrent because they’re often hard to break into and can be heavy depending on the size. There are some issues to consider. Unless your safe is bolted to the wall or floor, there is a chance that someone could remove it from your home. However, if you need constant access to your metals, a safe is probably your best option.
Thieves rarely enter the kitchen, laundry room or child’s room when robbing a home. If you have a small safe and ample space in the back of a cabinet in your kitchen, that might be one of the safest places in your home to store your investments. The last place you want to store your safe is the master bedroom because it’s the first place people of ill intent will look for valuables. There are also many inexpensive, ingenious items on the market to hide or disguise your valuables.
Safety Deposit Boxes
If you want to store your Precious Metals with a third party, a safety deposit box is one of the most popular options. Safety deposit boxes are usually offered by banks, which tend to have a high level of security. However, there is an additional cost for this, and access is often limited to bank hours, which could be an issue for you.
Professional Storage Solutions
One of the safest and most secure options for storing your Precious Metals is through facilities managed by a security company. Selecting a maximum security storage facility for your Precious Metals can give you peace of mind. If you choose the right company, you reduce the risk of theft, damage to your items or physical loss. Working with a professional storage company will keep your Gold, Platinum and Silver metals in great shape so you can benefit from them later on down the road.
Of course, just one of these options may not be enough. Many find a balance with a mixture of storage options. If you’re looking for a complete solution when it comes to storing your Precious Metals, AMPEX has you covered. Citadel Global Depository Services, Inc., a wholly-owned subsidiary of APMEX, offers maximum security Precious Metal storage that is both convenient and affordable. Whatever you choose, make sure you check your options, terms and fees with each. At the end of the day what matters most is peace of mind about your investment.