Don't Forget to Store Your Gold Together

  • Gold bullion is an attractive investment for a range of reasons.
  • The precious metal is valuable, and it can be used as currency, particularly in countries where official fiat currencies are unstable, such as Venezuela. Gold can be bought and stored in a variety of forms.
  • For pure investors, bullion bars, coins, and ingots are popular choices.

Gold bullion is an attractive investment for a range of reasons. The precious metal is valuable, and it can be used as currency, particularly in countries where official fiat currencies are unstable, such as Venezuela.
Gold can be bought and stored in a variety of forms. For pure investors, bullion bars, coins, and ingots are popular choices. A savvy investor may purchase gold jewelry or gold bars for use in personal investments or as gifts for friends and family.



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Gold, Silver, and Platinum

Gold is one of the most recognizable precious metals, with gold jewelry being a staple of any jewelry box. Many investors also invest in physical gold bars, which are typically held in gold vaults or safes.
Gold bars are also highly liquid, making them incredibly popular with investors. A 100 oz gold bar, for example, is worth more than $50,000.
Gold bars are divisible, meaning that they can be split into smaller bars. They can also be melted down and re-cast.
Silver is also a popular precious metal, and it is also liquid and highly divisible.
Silver bars are highly coveted, and they are often used as currency in developing countries.
Platinum is another precious metal, but it has not been widely used as a precious metal or as an investment. It tends to have many of the same uses as gold.
Platinum bars are also highly liquid and highly divisible.

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Storing Gold and Silver

There are many methods for storing precious metals. They include keeping precious metals at home, storing them in an allocated storage account, storing them in a safe deposit box, or storing them with a third-party custodian.
For home storage, it's important to keep precious metals in a secure place. A home safe is a good option, but there are also other options. Silver, for example, is easy to store in a Faraday cage, which is an electric enclosure that blocks any signal that might induce a chemical reaction.
Storing precious metals can be complicated. That's why people opt to store them in a vault.



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a couple stored ira gold at home

Storing Platinum

Storing gold and other precious metals can be done in a few different ways. For investors who plan to only invest in gold or platinum, a depository facility may be the best option. The main advantage of a depository is that it provides insurance for your investment. While all depository facilities provide insurance, some may offer more benefits than others.

Can Gold and Silver Be Stored Together?

Yes. You can store gold and silver together, but they need to be stored separately.
Although both precious metals are physical, they are treated differently from a legal and financial standpoint.
Gold and silver are fungible - that is, they can be substituted for each other. For example, if a jeweler pays $30 per ounce for gold, then they can turn around and sell it to someone else for $30 per ounce.

Storing Gold and Silver Separately

If you own Gold and Silver, or Gold and Nickel for that matter, it's worth thinking about storing your coins and bars separately. Gold and silver coins are traditionally stored in coin rolls or in individual coin holders, while larger bars are stored in plastic holders.

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The Bottom Line

While gold may participate in the overall market's volatility, it also makes for a great hedge against market downturns. If investors want to secure their gold, they need to place it in a safe place and, preferably, keep it separate from the rest of their portfolio.