However, instead of storing them in water, it is recommended to store gold and silver in dry places, such as a reservoir, safe, or safe at home. If you use one of those places, consider putting the gold and silver in a waterproof container to be safe. 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. Using a Gold IRA rollover to store your gold and other precious metals is a viable and ideal solution. Since banks care a lot about protecting their clients' assets, this is a “safe method” of storing gold.
However, there are some drawbacks to using a safety deposit box. If you have additional questions about storing gold and precious metals, contact the experts at Learn About Gold. A survey conducted by Magnify Money of 1000 people revealed that one in six people have invested in gold or other precious metals since May, and approximately half of Americans are seriously thinking about buying gold. The United States Gold Office, directors and representatives do not guarantee customers that they will make profits or guarantee that losses cannot be incurred as a result of following their coin collection recommendations or after the liquidation of coins purchased at the United States Gold Office.
However, before moving your gold home, you should also consider its disadvantages, especially if you want to be able to sell your gold easily when the price rises. Before moving your gold home, you should contact the insurer that issues your homeowner's policy, as most don't cover large amounts of gold stored in your home. 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.
