How To Store Your Gold & Silver Bullion Securely
If you are looking for the safest and most cost-effective way to store and protect your precious metal investment, read this blog first.
You have reached our blog on vaulted storage if you would like to organise secure storage for your bullion click here or read our blog to discover more.
Where Is the Safest Place to Store Your Gold?
Once you've bought your gold, silver, platinum or palladium coins and bars, you need somewhere safe to store and protect them.
How to Store Gold and Silver at Home
There are a number of ways to store your physical gold at home. This includes under the floorboards, in a personal safe, a buried chest in the garden, boxes in the attic or in the garage. We have even been asked how to hide gold in appliances - and shoes! These are not what we would call high-security measures though.
Use Our Vaulted Storage Facilities
If the thought of storing high-value gold in the home worries you, both in terms of theft and insurance, why not take advantage of our new on-site state of the art strong room vaults?
Not only are your coins and bars kept secure in our fully insured and secure strong rooms, but your home insurance costs will not be affected when you use our storage facilities.
The Best Storage Rates for Bullion
As we write this we are currently offering the best storage rates for gold and silver bullion on the market, and it doesn’t matter whether you have bought your bullion from us or not. If you have bought goods from elsewhere there is an admin fee payable as we check the quality and metal content of the coin or bar before passing the goods into storage. Each customer is allocated an individual segregated tamper-proof storage box, which is stored in a safe within our strong rooms. This safe is only accessed by authorised personnel and is monitored 24 hrs a day, 365 days a year. When you store your precious metals with us, you are guaranteed:
- Low storage fees – best on the market
- You have legal ownership of your bullion
- No hidden fees or charges to withdraw
- Fully insured and externally audited (at least twice a year)
- High security, strict access controls
Save on Home Insurance
Did you know that if you have investment gold or silver in your home, you should inform your insurers?
They will want to know the value of your investment and where you are keeping it. Don’t forget that if the live price goes up so will the value of your investments, so you will need to contact your insurers regularly. If you don’t do this, you may find that you are under-insured or that in the event of a claim, your insurance does not cover the full cost of replacing your bullion.
Depending on how much your investment is worth, you will usually find that your insurer will call for certain requirements to be met otherwise your insurance is invalid. These generally include having a combination safe and home alarm system which can be expensive to install.
Shh. Investors - Keep It Quiet!
If you do store gold or silver at home, we don’t want to scare you but how many people know about this? If you have mentioned it to family or friends, you have already increased the risk of other people getting to know that you own precious metals. If you have a safe or alarm installed, then you may have added a few more people to the circle. If you have posted questions or comments online these can alert would-be thieves that you could be a target.
Our advice is to keep quiet about what you keep at home. Or better still, reduce the risk and sleep more soundly by using our storage facilities.
The Cost of Secure Vaulted Storage
You will be surprised at how reasonable our costs are to store your bullion.
Our fees are charged monthly and are calculated on the monetary value of your bullion using the average price of the spot price of the previous month. We charge 0.5% for gold and 0.6% for silver, excluding VAT(as of May 2018). This is changed monthly and is paid after the first month. For example, if you sign up mid-way through May your first bill will be the beginning of July.
How Do I Withdraw My Bullion?
If you decide to withdraw your investment, all we require is 24 hours' notice and you can come along to our showroom to collect your precious metals.
If you prefer to sell, simply let us know and we will fix a price to buy the bullion back from you at no extra cost. We offer better buy back prices for items which are stored with us rather than our direct buy-ins with the public!
Store Gold Securely
Storing your bullion precious metals with Chard is a smooth, secure and worry-free process. Either select the storage option when you buy bullion online , or call our team on 01253 343081 for more details. Your enquiry will be dealt with in the strictest of confidence.
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This guide and its content is copyright of Chard (1964) Ltd - © Chard (1964) Ltd 2023. All rights reserved. Any redistribution or reproduction of part or all of the contents in any form is prohibited.
We are not financial advisers and we would always recommend that you consult with one prior to making any investment decision.