Having physical and tangible assets in your home requires the commitment on your part of finding safe storage places for them. Gold coins are a wonderful resource to have on hand and as part of your financial portfolio. However, having charge of them yourself necessitates a secure and safe place for them to reside while they are in your care.
Diversification is always a good idea, whether it be in your financial retirement portfolio or in the locations you choose to store your treasures. The old saying of “don’t keep all your eggs in one basket” makes complete financial sense.
Safe Deposit Box
Many owners choose to place their treasures in a safe deposit box within the secure confines of a bank. Others point to the limitations that this kind of security can bring, such as only being able to access your assets during bank hours and the fact that safe deposit box contents are not insured in the event of a bank robbery. As well, while in bank possession it is always possible that an event like the precious metal confiscation of 1933 could affect your property.
Bury Them
Some people choose to bury their gold coins. If you choose this method, only do so under the guise of nightfall so that prying eyes won’t find the secret location of your stash. Also, make sure it is buried deeper than four feet as that is the average depth a metal detector can locate metal objects.
Home Personal Safe
Others choose to purchase a home safe. This is a good method as long as you ensure the safe is bolted to the floor and/or the foundation of the house. Burglars could conceivably carry away, or cart away in a wheelbarrow, your safe and all its contents to be opened at a later time.
Creative, Unusual Locations In Your Home
Look around your home and use your imagination to discern a variety of good hiding spots that would not easily be discovered by burglars. Rule out the normal places: jewelry boxes, under mattresses, in cookie jars, etc. You will have to be cleverer than that to outwit some criminals who might be used to the “normal” tricks.
Carry Them On Your Person
You might consider carrying some of your treasure on your person; that way it will be with you at all times. That could prove a little more difficult to do, plus if you try to carry too much it might become rather heavy. However, to diversify, you might want to consider placing some gold coins in your purse, pockets, briefcase, or any other item that you constantly have with you.
Conceal Them In Your Vehicle
Other owners of the precious metal assets believe that your vehicle is a good place to store your treasures. As long as your car doesn’t get stolen, this is a good plan. If you need to take your vehicle in for major repairs or maintenance, however, you will want to remember to remove your treasure stash.
Don’t Talk About Your Investment
Another security measure to help keep your valuable assets safe is to not talk about it. Don’t tell a group of friends, some of whom you may not know as well as others. Don’t talk about your purchase in a crowded room where others have a chance of overhearing your story.
Using several different security measures, as opposed to just one, allows you a greater flexibility in protection for your assets.







Fri, May 29, 2009
Safety