Money Metals customers know the importance of protecting their wealth frominflation and financial turmoil. Building a precious metals holding is one vital step. Securing that holding is quite another.What is Gold storage?
Gold storage is a simplified way of describing the service of securely storing physical holdings of gold andother precious metals, whether it be in coin, round, or bar form. Unlike electronic-based financial assets, investors must physically store theirpreciousmetals purchases, and a depository specially designed for this purpose is the ideal place.
Storing your precious metals in the ultra-secure Money Metals Depository is inexpensiveandaffordable. Yet the service we offer is first-class. Store with us, and you'll find convenience, security, and savings on shipping and insurance –- at abargain price.
Money Metals recommends customers store at least some of their holding in a location under their direct personal control. There is no substitute forhavingimmediate, anytime access to your precious metals. But for many, storage at home can be impractical:
- Home storage can be stressful for some investors.
- By law, precious metals IRAs must utilize third-party storage facilities.
- Large quantities of silver are heavy and may be difficult to handle; for example, a $50,000 holding in silver weighs over 200 pounds.
- Very large holdings always demand extra attention to security and insurance coverage.
Setting Up a Secure, Low-Cost Storage Account Could Not Be Easier...
You may be surprised to find that our white-glove secure storage services are available for fees that usually lower than those charged by a preciousmetalsETF such as SLV or GLD -– but without the same counterparty risks and other dangers.
It takes just a couple of minutes to set up your account. Then simply make a purchase and choose delivery to your depository account. Or ship metal youalready own to be stored securely by us. That's it. We'll safeguard and fully insure your valuable holding in our state-of-the-art maximum securityvault.
There Is a Right Way and a Wrong Way to Do Storage. Money Metals does it THE RIGHT WAY
Our state-of-the-art depository in Idaho offers the highest level of protection for precious metals storage available in America and at the lowest cost.(Ifyou prefer, we can even offer storage in certain other facilities we've vetted, including offshore in the Cayman Islands.)
Unfortunately, some depositories play risky games with their customers' assets — pooled accounts, unallocated storage, and "re-hypothecation" of customerholdings (which has been called "the Next Major Investment Disaster"). Money Metals has never done these things, and never will; we do storage the rightway— fully segregated, fully insured, never commingled, and never misused as collateral. Your metal is held in true bailment and remains your sole propertyatall times. For more information and disclosures, please visit this page.
Be Sure, Have a Look for Yourself
We guarantee customer holdings are properly secured in our vault. In fact, customers can arrange a look for themselves — right from home. Onrequest,we will schedule a viewing of your holding by video. Your sealed holding will be placed on a table, unpacked, displayed, and then resealed — readytoreturn to storage (limit once per year).
Our online tools and account notification procedures give you complete transparency into your holdings at all times.
You can easily add metals to your account, sell your holdings, ship in, or ship out right from our secure portal. And holdings at Money Metals Depositoryareaudited internally each week and by a third party each year, all at no extra cost to you..
If you need storage for any portion of your metals stockpile, take advantage of the most secure and convenient option available anywhere. Just call us at1-800-800-1865 to get started.
You own it. Do you know how to store silver and gold securely?
Secure precious metal storage is important given that thefts of valuables are on the increase – and will continue to be as gold and silver pricesriseand the economy sinks. According to the FBI, $1.6 billion worth of precious metals and jewelry was stolen in 2010, a 51% increase from 2005. Less than5% ofstolen precious metals are ever recovered and returned to the rightful owners.
There are a number of viable options for storing gold at home, storing silver at home, or bullion storage programs at third-party silver/gold storagefacilities. Home safes, decoy safes, ground burial, safe-deposit boxes, and secure bullion storage facilities can all be good places where to store gold bullion and silver bullion.
Each of these options has their own advantages and disadvantages that should be considered. It's not so much a question of which one to employ.It's more a question of which ones to employ in order to balance the primary concern of safeguarding your precious metals from theft with thesecondary concern of ensuring at least some of your metals are readily accessible at all times.
Store Your Gold and Silver in Home Safes
It is prudent to diversify your storage locations and methods to manage your exposure to the risks of theft, fraud, and disaster. By so doing, in theunlikely event that one of your precious metals stashes disappears entirely, you'll have backup holdings to prevent a total loss of your precious metals wealth.
We do suggest, as a starting point, that you have at least some sizable emergency cache at home for ease of access. A good home safe is a logical placewhereto store silver and gold (at least some of your holdings). It will help keep children, friends, housekeepers, plumbers, and other individualsyouinvite in your home honest.
It won't necessarily deter a committed burglar, though, especially if the safe isn't bolted down or otherwise physically attached to your home'sarchitecture or an immovable object. A burglar armed with a few tools that can easily be obtained at a hardware store will be able to break open mostsafes.So the most secure home safe may actually be the one that is best concealed.
Use In-Home Hiding Spots
A safe may not even be necessary if you give some thought to how to hide gold or how to hide silver in your house using a few clever hiding spots –attic, beneath floor boards, behind a furnace or refrigerator, etc. An effective hiding place can even be one that's in plain sight. A burglar is goingto look for jewelry boxes and safes and ignore most of what's right before his eyes.
A diversion safe that resembles a common household product such as a can of shaving cream will easily fool most thieves, provided it looks genuine and isinan appropriate location (a can of Barbasol doubling as a safe belongs in a bathroom next to shampoo, lotion, etc.; not by itself in a bedroom closet).Youcan buy diversion safes through Brickhouse Security (800-654-7966),Amazon.com, and possibly a specialty store in your area.
However, you don't even need to buy a diversion safe when you can easily create one out of containers you already have in your house. Boxes,canisters, cans, or bottles with recloseable lids – anything that is able to hold valuable contents without drawing attention to the fact couldpotentially be used.
Bury Your Gold & Silver
To make a portion of your precious metals stash virtually impossible to be discovered by burglars, bury it deep in the ground. This method provides yourgoldand silver greater protection from theft, but at the cost of limiting their accessibility. So it's a long-term gold and silver storage solutiononly!
Bury your precious metals cache near visible landmarks that will still be around years from now. Be sure to place your precious metals in a sturdy,water-tight container. Let one highly trusted person know of the whereabouts of your cache in case your time on Earth ends before you can retrieveit.
Have a cover story ready for nosey neighbors who may observe your digging. This points up the general importance of not talking about your preciousmetalsownership with anyone who isn't very, very close to you. We all enjoy talking about things that we value personally, financially, ideologically. Avoidthe temptation to talk about your own physical precious metals holdings.
Entrusting some portion of your precious metals to a third party's vault offers both security and hassle-free convenience. Bank safe-deposit boxes are apopular choice and are more secure from actual theft than most home-storage methods.
Safe-deposit boxes have a number of drawbacks, though, including limited accessibility (banking hours only) and privacy concerns. You may be observed bybankstaff or other customers taking real gold bars orbullion gold coinsinto or out of your box.
Can the Bank Open Your Safe Deposit Box?
Banks are notoriously bad about protecting customers' privacy, in large part because FinCEN and Patriot Act rules requireall financialinstitutions to keep records on their customers. Safe-deposit box contents can be seized by the IRS, other government agencies, or, in rare cases,privatecreditors.
The contents of safe-deposit boxes are not covered by FDIC or other insurance. You can add riders to your homeowner's policy to cover preciousmetals stored in your home, typically at an annual cost of around 1% of their value. But reporting your bullion to an insurance company also entails aprivacy trade-off.
Secure Bullion Storage Facilities
For large holdings, a bullion vaulting service such as Money Metals Depository may make sense – provided it is inallocated or segregated storage.
When evaluating vaulting companies, there are several considerations:
- Does the company offer a fully segregated storage type of account? Meaning, will your metal be completely separate from the vault's other clients?
- Will your metal be protected from an insurance coverage standpoint in the event of a large-scale heist or some sort of natural disaster?
- Does the company have competitive pricing?
- Where is the vaulting company located? Storing your metal outside the United States may also be a possibility through certain companies who offerglobalvaulting options.
Money Metals Depository offers fully segregated storage, fully insured, at very competitive rates - all from our brand new,state-of-the-art facility in Idaho.Please call 1-800-800-1865 for more information.
