The Smartest & Safest Ways to Store Precious Metals

 

You might think the best way to hold precious metals would be storing them at home in a safe. This is certainly one option. However, there are better ways to store precious metals. Many precious metals experts recommend holding precious metals in a secure facility that specializes in storing and securing them. Read on to learn more about convenient ways to store your precious metals.



Why Is Home Storage Not Recommended?

Storing precious metals at home may sound like a good idea. However, there’s always the risk of theft. Even if this isn’t the case, shipping gold or silver bars, rounds, or coins to your home can be a hassle. They need to be properly packaged and labeled. Also, if the shipment is lost, it’s often up to the buyer to track down the shipment if there’s verification that it was properly shipped.

There’s also the risk of damage to precious metals if they’re stored together in a safe. Certain metals may become damaged when stored improperly next to other metals. Heat and moisture damage is another risk to consider.

Why Store Your Precious Metals in a Secure Facility?

Instead of storing your precious metals at home, consider keeping them in a reliable storage facility that specializes in precious metals storage, such as one of the trusted First National Depositories at First National Bullion, the best place to buy gold in Scottsdale. Facilities specializing in the storage and shipment of precious metals are often heavily secured and insured. Additionally, they often take care of shipping so you don’t have to worry about it.

Many facilities also have armed guards and added layers of security, such as locked gates and doors requiring passcodes for entry. These facilities often store precious metals in separate containers so they don’t mix. There’s also usually protection from moisture damage and temperature-controlled storage units available. Many of these facilities are also heavily insured for added peace of mind.

If you’re ready to sell, all you have to do is let the facility know, and they can often take care of everything else. There may be an extra fee for such services.

What’s Right for You?

If you only have a few bars of gold or a smaller amount of silver coins, storage at home may be more convenient, especially if you don’t plan to sell your precious metals. If you have more significant amounts of precious metals worth thousands of dollars or more, it’s best to store these assets in a safe facility. Insuring larger amounts of precious metals can be expensive. Even if you only opt for minimal insurance, there’s always the risk of theft. You also get added peace of mind. Take time to determine what’s best for your needs and budget.

 

Whether they’re looking for expert advice on any aspects of owning precious metals or they’re looking for the best place to buy silver bullion, Scottsdale collectors should work with trustworthy experts who offer high-quality service and have years of experience. Call on the industry-leading professionals at First National Bullion when you’re ready to invest in precious metals, including gold, silver, platinum, and palladium. Give us a call today.

 

The statements made in this blog are opinions, and past performance is not indicative of future returns. Precious metals, like all investments, carry risk. Precious metals and coins may appreciate, depreciate, or stay the same in cash value depending on a variety of factors. First National Bullion does not guarantee, and its website and employees make no representation, that any metals for sale will appreciate sufficiently to earn the customers a profit. The decision to buy, sell, or borrow precious metals and which precious metals to purchase, borrow, or sell are made at the customer’s sole discretion.