![](https://images.ecency.com/DQmZj1aK7sTxUrQfHuTUZwKbvGgjTGcbNeYXm6UEQ3zyf7V/image.png)

Every one of us has the propensity, from time to time, to lose something important accidentally. Although I’m not implying that everyone is careless, it is just that there are too many cases of people losing their valuable belongings. Just take a look at Bitcoin for an example; how many billion dollars worth of BTC is currently inaccessible because the seed phrases or wallets were lost? The same thing can happen to precious metals as well. Perhaps what most people need to become effective at self-custody are self-discipline and guidance. Or you could just store your bullion in a third-party vault. 

Keeping your silver or gold bullion in a secure vault provides a number of benefits, including maximum levels of safety and insurance, as well as the ability to easily retrieve and maintain full ownership of the metals. Essentially, you delegate all your responsibility of caring for your bullion to the vault, which may or may not perform a better job than you, for a cost, of course. Storing your bullion in a vault is especially advantageous for wealthy investors who wish to scatter their bullion holding across multiple nations and take advantage of low-tax government laws.

Just like everything in the world, there are pros and cons to this storage method. The good thing about storing your bullion in a reputable vault is you can easily resell the bullion to the custodian. This is good news for traders as a liquid and 24/7 accessible market is fundamental and crucial for trading. But this doesn’t affect long-term holders very much, though, since they don’t need to time the market. 

Another thing about storing your bullion in a vault is that your metals are fully insured; you don’t need to spend money buying your own insurance. The vault is fully secure with top-tier security systems, which significantly lower the probability of robbery or theft compared to keeping it at home. The vault is usually regulated by third-party audits, and you get the report from them. Moreover, you can request delivery, and your bullion will ship to you. 

The downside of storing precious metals in a vault is that they charge fees. You have no instant access to your metals, either. That is due to the fact that you are not permitted to access the vaults personally for the obvious reasons of security and safety.