The following tips for where to store your gold are provided by goldsilver.com.
Now that you are potentially making the decision to move into true money, the question arises of where to take delivery of and safeguard your precious metals.
Taking physical delivery of your gold or silver is often the most rewarding part of the purchasing experience, as it gives you, the bullion investor, a fuller understanding of the real value of tangible monetary assets.
As one of the industry's leading bullion dealers, we at GoldSilver.com pride ourselves on investing and buying bullion right alongside our customers. Like many of our bullion customers, we typically choose to take physcial delivery first and then secondly store additional purchases of gold and silver at one of the many segregated gold vault and silver storage locations we offer.
Because we are such proponents of taking physical delivery first, we have compiled a few creative storage solutions based on voluntary, anonymous, customer feedback.
Before we can begin… we are obliged by our legal department to state the following to you:
GoldSilver.com does not recommend or endorse any of the listed storage solutions in this report. The following are only examples of storage ideas aimed to spark the creativity within our customers and expose the nearly limitless array of options available. Finally, common sense demands that sensible bullion investors refrain from posting their stashes or storage locations on Facebook, YouTube, or any other social media websites.
The safest bullion investment stashes are those which are well diversified in location, disclosed to as few people as possible, and unknown to one's circle of acquaintances or strangers.
As a bullion investor, whether you have purchased government-minted bullion coins or bullion bars, your metal’s value is mostly dependent on its intrinsic value, not aesthetic properties.
However, regardless of your storage selection, certain precautions should be taken to account for gold’s malleability and silver’s tendency to tarnish.
Protective layers, cases, tubes, linings, etc., may help prevent structural damage or oxidation and are always practical for keeping your metals in good condition for if and when you choose to sell them.
OK, now that we have the formalities out of the way… let us share with you some creative options and ideas for hiding your gold and silver bullion.
Cold Gold : The Freezer
Regardless of whether you own or rent, the freezer is an indispensable appliance found virtually in all homes, apartments, etc. The accessibility and convenience of this option is excellent, as it does not require any structural modification to your living space. Food items such as turkey, chicken, ice cream containers, etc., can be carefully stuffed with your valuables, effectively fireproofing them in the process. The temperature itself will have preservative effects. Space is a limitation here, but because freezers are rarely robbery targets, they can serve as a discrete secondary storage option.
Camouflaging your storage site into the local topography is a time-tested solution. Rocks typically do not draw much attention and can fit into a variety of landscapes. Artificial rocks with hollow storage cavities can be purchased online through a simple internet search. Search results will feature a wealth of shapes, sizes, and colors, ranging in capacity to accommodate a few dozen to several hundred ounces. This solution is essentially fireproof and can be extremely labor intensive in the event of theft.
Silver Soil: Gardening Pots
The density and weight of larger gardening pots can make them ideal for storing larger quantities of precious metals. Their bases can be altered to feature a spacious non-visible compartment within. Larger pots can weigh several hundred pounds and require skill to successfully penetrate, reducing the probability of theft. The layer of soil acts as a protective fireproof barrier. A larger base can work well for several dozen coin tubes or even bars. Remember to always waterproof your metals before storing.
Pipes are both abundant and distributed throughout most homes. A gas or water pipe which is no longer in use is ideal. Caps can be added to the ends of pipes to hold additional metals. Coins can easily be hidden either within a non-functional pipe or within a pipe cap you may easily purchase. Pipe storage also is a theft deterrent because of the unlikelihood that a time-constrained intruder will have time to scan your entire plumbing or gas pipelines system.
Golden Flames: The Fireplace
Incorporating your storage site into a living space is one of the best solutions for concealing your stash. Rooms associated with leisure are often the last location a culprit would search. This solution may require some masonry work in creating a compartment within the base or along the walls of the fireplace. The compartment can be customized to meet your storage needs. Once finished, seal the compartment, and you now have a sturdy, fireproof storage solution.
Precious Pets : Pet Beds or Cat Litter Boxes
Dog beds and cat litter boxes offer ideal spaces for concealment, typically having embedded in them several layers which can provide ample space for storage. The only limitation to this option are the depth and width of the litter box or pet bed. Ensure the storage container is reinforced for protection against your own pet and that the box or bed is reassembled properly. The scent and appearance of the storage site will limit the attention any burglar gives to the area.
Integrating your metals into the natural topography of local landmarks is a time-proven concealment alternative. Those living in rural or mountainous areas where stockpiles of firewood are the norm can find a storage site within some of the larger logs in their stack. A large log can be drilled to create a customized hollow in its interior.
If using multiple sites, create a treasure map with clear instructions for accessing your metals in the event of an emergency or if you need to disclose your storage locations to a loved one.
Final Thoughts on How to Hide Your Gold Silver
Almost any storage solution can be customized to meet your unique security and living configurations. As with any investment choice, diversification of risk is an important part of the process. Using multiple locations will not only mitigate your risk but alos give you peace of mind. Do not limit yourself to your own dwelling; there is a limitless array of options in the outdoors.
Your own creativity is the only limitation in finding the ideal storage solution(s). Flexibility is critical, and most importantly, use diversification of location to safeguard your metals against the most probable and improbable scenarios.
This concludes our report on some potential ideas for hiding gold and silver. We wish you safe and secure stashing of your gold and silver treasures.
PS – We will leave you with a few potential, bonus brainstorming ideas for storing gold and silver coins and bars.