Now
that you are potentially making the decision to move into true money, the
question arises of where to take delivery of and safeguard your precious
metals.
Taking physical delivery of your gold or silver is often
the most rewarding part of the purchasing experience, as it gives you, the
bullion investor, a fuller understanding of the real value of tangible
monetary assets.
As one of the industry's leading bullion dealers, we at
GoldSilver.com pride ourselves on investing and buying bullion right
alongside our customers. Like many of our bullion customers, we typically
choose to take physcial delivery first and then secondly
store additional purchases of gold and silver at one of the many segregated gold vault
and silver storage locations we offer.
Because we are such proponents of taking physical
delivery first, we have compiled a few creative storage
solutions based on voluntary, anonymous, customer feedback.
Before we can begin… we are obliged by our legal
department to state the following to you:
GoldSilver.com does not recommend or endorse any of the
listed storage solutions in this report. The following are only examples of
storage ideas aimed to spark the creativity within our customers and expose
the nearly limitless array of options available. Finally, common sense
demands that sensible bullion investors refrain from posting their stashes or
storage locations on Facebook, YouTube, or any other social media
websites.
The safest bullion investment stashes are
those which are well diversified in location, disclosed to as few people as
possible, and unknown to one's circle of acquaintances or strangers.
As a bullion investor, whether you have purchased
government-minted bullion coins or bullion bars, your metal’s value is mostly
dependent on its intrinsic value, not aesthetic properties.
However, regardless of your storage selection, certain precautions should be
taken to account for gold’s malleability and silver’s tendency to tarnish.
Protective layers, cases, tubes, linings, etc., may help
prevent structural damage or oxidation and are always practical for keeping
your metals in good condition for if and when you choose to sell them.
OK, now that we have the formalities out of the way… let
us share with you some creative options and ideas for hiding your gold and
silver bullion.
Cold Gold : The Freezer
Regardless of whether you own or rent, the freezer is an
indispensable appliance found virtually in all homes, apartments, etc.
The accessibility and convenience of this option is excellent, as it does not
require any structural modification to your living space. Food items
such as turkey, chicken, ice cream containers, etc., can be carefully stuffed
with your valuables, effectively fireproofing them in the process. The
temperature itself will have preservative effects. Space is a
limitation here, but because freezers are rarely robbery targets, they can
serve as a discrete secondary storage option.
Valuable "Rocks"
Camouflaging your storage site into the local topography
is a time-tested solution. Rocks typically do not draw much attention
and can fit into a variety of landscapes. Artificial rocks with hollow
storage cavities can be purchased online through a simple internet
search. Search results will feature a wealth of shapes, sizes, and colors,
ranging in capacity to accommodate a few dozen to several hundred
ounces. This solution is essentially fireproof and can be extremely
labor intensive in the event of theft.
Silver Soil: Gardening Pots
The density and weight of larger gardening pots can make
them ideal for storing larger quantities of precious metals. Their
bases can be altered to feature a spacious non-visible compartment
within. Larger pots can weigh several hundred pounds and require skill
to successfully penetrate, reducing the probability of theft. The layer
of soil acts as a protective fireproof barrier. A larger base can work
well for several dozen coin tubes or even bars. Remember to
always waterproof your metals before storing.
Prized Pipes
Pipes are both abundant and distributed throughout most
homes. A gas or water pipe which is no longer in use is ideal.
Caps can be added to the ends of pipes to hold additional metals. Coins
can easily be hidden either within a non-functional pipe or within a pipe cap
you may easily purchase. Pipe storage also is a theft deterrent because of
the unlikelihood that a time-constrained intruder will have time to scan your
entire plumbing or gas pipelines system.
Golden Flames: The Fireplace
Incorporating your storage site into a living space is
one of the best solutions for concealing your stash. Rooms associated with
leisure are often the last location a culprit would search. This solution may
require some masonry work in creating a compartment within the base or along
the walls of the fireplace. The compartment can be customized to meet your
storage needs. Once finished, seal the compartment, and you now have a
sturdy, fireproof storage solution.
Precious Pets : Pet Beds or Cat Litter
Boxes
Dog beds and cat litter boxes offer ideal spaces for
concealment, typically having embedded in them several layers which can
provide ample space for storage. The only limitation to this option are
the depth and width of the litter box or pet bed. Ensure the storage
container is reinforced for protection against your own pet and that the box
or bed is reassembled properly. The scent and appearance of the storage
site will limit the attention any burglar gives to the area.
Wooden Logs
Integrating your metals into the natural topography of
local landmarks is a time-proven concealment alternative. Those living
in rural or mountainous areas where stockpiles of firewood are the norm can
find a storage site within some of the larger logs in their stack. A
large log can be drilled to create a customized hollow in its interior.
Treasure Map
If using multiple sites, create a treasure map with
clear instructions for accessing your metals in the event of an emergency or
if you need to disclose your storage locations to a loved one.
Final Thoughts on How to Hide Your Gold Silver
Almost any storage solution can be customized to meet
your unique security and living configurations. As with any
investment choice, diversification of risk is an important part of the
process. Using multiple locations will not only mitigate your risk but
alos give you peace of mind. Do not limit yourself to your own
dwelling; there is a limitless array of options in the outdoors.
Your own creativity is the only limitation in finding the
ideal storage solution(s). Flexibility is critical, and most
importantly, use diversification of location to safeguard your metals against
the most probable and improbable scenarios.
This concludes our report on some potential ideas for
hiding gold and silver. We wish you safe and secure stashing of your
gold and silver treasures.
PS – We will leave you with a few potential,
bonus brainstorming ideas for storing gold and silver coins and bars.
The following tips for where to store your gold are
provided by goldsilver.com.
