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Author Topic: What is the best method to store gold/silver/precious metals/jewels/etc  (Read 799 times)
Kprawn
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August 27, 2017, 06:08:30 PM
 #21

A safety deposit box at a bank... should be your last choice. I have seen a lot of banks that are raiding people's safe deposit

boxes lately. I would rather invest a hidden underground safe in my house, because banks cannot be trusted these days. In

war time, most banks will be targeted and all your "treasures" will be lost. Gold can also be confiscated... like we have seen

in past history.  Wink 



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August 27, 2017, 06:35:31 PM
 #22

If you want to have it as an Investment, why store it physically? I prefer to buy ETF of the various mentioned commodities if its for investment. That makes me feel safe and its really much safe. But if you want it physical then locker will be kind of safe or build your own highly guarded safe depending on the quantity.

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October 10, 2017, 11:57:03 AM
 #23

A personal safe is surely the best place to store gold/silver/precious metals/jewels/etc. As for me, I barely have any cash and jewelry at all. But if I need one, I'd fefinitely go with SentrySafe SFW123ES.

It also has protection against fires what I really appreciate.
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October 10, 2017, 11:01:54 PM
 #24

I prefer to buy ETF of the various mentioned commodities if its for investment.

I know this is kind of a silly question due to the nature of ETF's and the trouble managers of ETF's have if invested funds are moving in and out of the ETF. But for gold and precious items, could their next evolution be some type of ETF merged with a credit card and checking service?

One of the biggest drawbacks with gold, silver and similar items is they lack the convenience and quick transaction speed of fiat and crypto. Finding a way to mate the long term stability of gold, with the fast liquidity of credit could represent a leap forward. Of course it might also represent a leap backwards. Perhaps still an interesting question as no one has tried much that was innovative or progressive with gold/precious metals in a long time, to my knowledge.

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October 10, 2017, 11:04:37 PM
 #25

I think that buying them at ETF is the best way if you are going to hold those commodities, i have some gold, not more than 75g, but i am holding them at my own, i dont have them on a bank, or in ETF, it is just physical gold.
If it is not much gold, then i dont see why you need to make security measures, but anyway, i am buying gold everymonth, and i hold it underground.

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October 10, 2017, 11:20:30 PM
 #26

I know some of the regular posters in this section are pro gold.

Probably one of the biggest obstacles to people investing is gold is not knowing where or how to store it to ensure safety.

What is the best method of storing gold/silver? Would you recommend keeping it in a personal safe? A safety deposit box at a bank? Burying it in the ground somewhere late at night where no one will ever find it pirate style?

Also what insurance options are there? Do banks insure safety deposit boxes past $100k?

Law enforcement confiscating money/precious items seems to be on the rise. Are there any tips for avoiding having gold/silver confiscated?

I would be interested to hear thoughts on this as it could represent one area where gold/silver might be considered less preferable to crypto.


I think Gold storage is a problem especially if we have a lot of gold. my advice if gold has passed 100 grams, don't store it at home unless we put in safe deposit box and our house have high security system. Because gold is an object that very targeted by thieves. another way is we can entrust our gold to the bank that provides a special place for gold storage. and is usually placed in a special place of high security so it is very safe.
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October 10, 2017, 11:47:16 PM
 #27

I think Gold storage is a problem especially if we have a lot of gold. my advice if gold has passed 100 grams, don't store it at home unless we put in safe deposit box and our house have high security system. Because gold is an object that very targeted by thieves. another way is we can entrust our gold to the bank that provides a special place for gold storage. and is usually placed in a special place of high security so it is very safe.

It's not all that bad. I have like 200 grams of gold, from which one 100 gram bar, and then smaller bars like 5 gram and 10 gram. It doesn't take up that much space considering that the bars I have are quite small in size, even the 100 gram bar. I like to be in control of what I own, and for that reason will never bring any of this to a bank for storage purposes. I can hide these bars everywhere in my house, without anyone ever seeing anything of them. It will form a problem when you have like millions worth of gold bulk, where you then need a safe or maybe even use the bank as storage.

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