Keep Your Gold Investment Safe

Wed, Aug 19, 2009

Safety

If you have decided to purchase gold coins to add to your investment portfolio, there are a number of things you can do to ensure your assets are safe.  First of all, the best way to ensure privacy of your purchase is to pay for the transaction in cash.  Doing so will leave no paper trail for anyone to follow; therefore, no one should know about your purchase except you and whomever you choose to confide in.

This brings us to another important step in the plan to keep your assets safe: don’t tell everyone.  If you want to help others in their investment strategy, that’s fine – give them tips, hints and ideas, but don’t tell them you have actually made the purchase yourself.  That knowledge is best kept to yourself and a select inner circle of those you trust.  Consider this: even if you told a friend and they inadvertently released that information to someone you or they didn’t know quite so well, the information is out and you could become a target of theft.  All the information has to do is flow into the hands of one wrong person, and it could cause you grief and trouble.  It’s best just not to talk about your asset collection at all.

Another idea that will help keep your investment in gold coins protected is to purchase a personal home safe.  Safes are relatively inexpensive items, yet they can offer a great degree of security.  If you decide to purchase one, plan to bolt it to your floor or the foundation of your home.  If you can cart a safe into your home, it’s a safe bet that a burglar can cart it right out again.  They don’t have to know the combination or open it; they could take the entire safe and work on opening it at a later time in another location.  By bolting the safe to the floor, it becomes a much more difficult and time-consuming operation for a thief.  Taking the time to try and unbolt the safe would just add more time that they expose themselves in the crime, leaving more opportunity for them to get caught.

Some investors decide to bury their treasure.  This is a plausible option, but don’t do it in the daylight where people can see you, unless you cleverly disguise your actions.  If you are doing some remodeling or renovation to your home, and people get used to seeing you working around various parts of your house, that could be used as a good opportunity to hide your treasure.  Make sure your gold coins are separated in plastic baggies or another protective covering to keep them safe from being scratched in their hiding places.

There are many places within your home to safely locate your round bullion precious metal pieces.  But for heaven’s sake, don’t hide it under your mattress.  That’s one of the oldest tricks and the first place many burglars will look.  Do not put your metal assets in with your jewelry, either, as that is another sure locale where thieves will search.  Get creative, yet stay smart to protect your valuable assets.

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