Have you decided to acquire gold? This an excellent idea, because the price of gold remains stable over time, which makes this yellow metal a haven.
Investing in gold thrives to do in times of crisis – or inflation. Thus, the purchase of a few gold coins can quickly turn out to be profitable. Even in times of crisis, the low volatility of gold on the stock market ensures a successful resale.
But the question of storage can remain a brake on the purchase of physical gold. If banks and other private companies offer facilitated storage solutions, the cost of the service must be considered. So how do you invest in gold and easily protect jewelry, coins, and gold bars?
Assure your gold of a vault
The safe is the most secure solution for storing your gold at home. Incurring a cost to purchase, they are generally less expensive in the long run than monthly storage offers from private companies.
How to choose it?
Choose it homologated and well-fireproofed. The security standards are established in 4 levels, which define the resistance of the material against burglary attempts.
Three types of closure exist the electronic code, the combination, and the key. Considered the safest, the combination lock is also the most common. There are also models of connected safes which can be locked remotely, and trigger an alarm in the event of forcing.
Insurance is essential, and the trunk model will be taken into account to determine the contract. Theft, damage, and burglary, there are many varieties adapted to all needs and scaled according to the value of the objects to be insured.
Some insurances only cover sealed safes: make sure you have it fixed to the floor or wall by a specialist, preferably by a worker from the company where you bought your safe. Declare the real value of your goods in the safe by having them estimated, and don’t forget to notify the insurance company of any added objects.
Where to install a safe?
In hotels, safes are generally placed in cupboards and wardrobes. Avoid repeating this habit for home storage – bedrooms and bathrooms are among the most visited places in the event of a robbery.
Prioritize less frequented rooms than living areas, while installing your safe away from the plumbing: in the event of a water leak, a skilled worker could come face to face with your installation.
Private safe specialists thus tend to recommend spaces that are little visited, such as well-maintained cellars for example.
Alternatives to the safe
For a pure gold coin or a few grams of gold bullion, the purchase price of a safe can be expensive. As an investor, you have to find your way around. If your investment in gold is a low to medium sum, you can always resort to a good hiding place!
Avoid living rooms
The easiest tip to implement is to avoid holding gold in living rooms. Storing your gold away from your hands and eyes is essential to keep it well.
A damaged gold coin or one whose engravings have been erased by dint of handling loses its value.
Protect your gold from heat
A malleable metal, gold liquefies quickly: its melting point is 1064°C, and a fire can go up to 1500°C.
In the absence of a safe, a small fireproof container will suffice to protect your investment for several minutes in the event of a fire starting.
Discreet attic: a good idea
If you are lucky enough to have an attic that is not easily accessible, or whose access hatch blends into your ceiling, this room may be ideal for hiding your investment, or even installing a fireproof safe.
As always with home storage of gold, avoid heat sources and proximity to plumbing.
A flowery hiding place
In the garden, flower beds can be a good hiding place over time!
You can check the correct location of your gold coin hoard from time to time with a metal detector, which can detect gold up to 1 meter deep. To find it easily, mark the hiding place with a unique plant hidden among others.