<center>![Screenshot_20200826_210143.jpg](https://images.hive.blog/DQmPRhq8XHuSrsM3osX3WZXwxfzSWCpx9FjEGXijuPXFVtb/Screenshot_20200826_210143.jpg)</center>

Whether you’re storing your coins and bars professionally or keeping them at home, you’ll need to make sure your bullion is properly protected from theft and damage. So for today's blog, I'll try and cover a few simple tips and tricks about what I feel may be the best possible solutions to bullion storage options. Once you’ve bought gold, silver or platinum, the next important question is: "how best to store your new bullion purchase"? Secure and safe storage is one of the most important aspects of owning precious metals. There are many trued and tested methods available, so without further a do, I'll try and explain what's available. 

You basically have two options to store your precious metals. You can either take delivery of the bullion and look after it yourself, or you can entrust a professional to store or vault it for you.

 <center>**Storage at home - what do I need to consider?**</center>
<center>![Screenshot_20200826_192731.jpg](https://images.hive.blog/DQmPzguiMpyfkT9KyP2eE9SYdLznQWZJgzc4Pa3qsKJ9xvz/Screenshot_20200826_192731.jpg)</center>

Many people aren’t comfortable keeping gold in their homes in case of theft or damage. However, if your personal preference is to store your bullion at home, you should consider the following:

+ The amount of space the coins or bars will take up.
+ Making sure it’s correctly stored in the right environment, away from damp and other corrosives.
+ Not discussing its location, even with friends and family. The fewer people who know you are in possession of bullion, the better. However, with home safes it is often suggested that one other person has the information to access your bullion in case anything ever happens to you and you are unable to access it.
+ Don’t store gold and silver together. Keeping them together can cause damage and tarnishing of the metal.
+ Whether or not you have adequate insurance. Your contents insurance may not cover your bullion portfolio. You may need to consider specific insurance policies.

<center>**If you're looking to purchase a safe – what do you need to consider?**</center>
<center>![Screenshot_20200826_194511.jpg](https://images.hive.blog/DQmeqY98wMuwsygf7643jH58azWWVBUqvA2uHEVjoJ7WzVZ/Screenshot_20200826_194511.jpg)</center>

Firstly, you need to make sure you have somewhere to position the safe where it will be locked away safely and out of sight. Ideally, it should be a place where you are able to attach it to the floor so that it is not freestanding. Having a safe at home can be a great way of hiding your valuables in your own property. Choosing the right place to hide your safe is crucial. Most burglars know the common hiding spots and they always start searching in those areas. Safes attract burglars like a magnet because they suppose there’s something valuable in them. That’s why you want to pick a place for your safe that’s invisible for most criminals.

It’s worth putting the time and effort into discovering the best areas in your home: you’ll probably use your hiding spot for years to come.

So, what are the best places to hide your safe in your house? In brief, you can conceal it:

+ In the attic
+ Under a modified stair tread
+ Behind a secret mirror or door
+ In the wall, behind a closet
+ In a fake air vent, wall outlet or shelf
+ In the floor, under a furniture
+ Under the cupboard
+ Using a diversion safe to hide your valuables in plain sight

<center>![Screenshot_20200826_202543.jpg](https://images.hive.blog/DQmRRLh9o7KUiNS3KcSqnxGnffg5zA4RsKXZ2TuTEnTrqZy/Screenshot_20200826_202543.jpg)</center>

If you are looking at purchasing a safe, you will also need to ensure the value which it is rated for is enough to cover the value of the items which are stored within. Generally, a safe is given a ‘cash rating ‘. A cash rating is the level of cover that an insurance underwriter will give to the cash contents of the safe. This is usually multiplied by 10 times for jewellery and bullion or similar valuables. A cash rating is therefore also a very good indication of the security level of the safe, the higher the rating, the more security is offered.

You should also consider if you require a safe to be fireproof and waterproof as these safes can also offer protection for other valuables such as paper documents. Many people choose a fire and waterproof safe due to the heightened level of protection they offer to documents and paper money.

 <center>**Third party storage - what do I need to consider?**</center>

<center>![Screenshot_20200826_192712.jpg](https://images.hive.blog/DQmVUrqbwZgGMvHA3urzJvBerAUtuEMmkvjN4iDq1W7X8Sk/Screenshot_20200826_192712.jpg)</center>

1) Security
Make sure security is high enough and that your bullion is protected from theft and damage.

2) Ownership
Do you keep guaranteed possession of your specific bullion?

3) Accessibility
Find out if you can access your coins or bars at any time or withdraw them in some instances.

4) Protection
Make sure your precious metals are protected from contamination.

 <center>**What are the benefits of storing you precious metals in a secure storage facility, or banks vault?**</center>

If you buy any bullion coins or bars, you can take advantage of storing them in secure Vault, wirh a state of the art storage facility. While this does come at a price, that can vary from hundreds to thousands of pounds per year, it does come with the peace of mind that your items are safe and more importantly insured. 

The benefits of doing it this way are:

+ Your physical gold is held in a vault, behind the gates of a highly secure site.
+ The location is often guarded 24/7, 365 days a year by trained security staff, offering you unrivalled security and a service promising absolute confidentiality and discretion.
+ Your bullion will be given a serial number and will be fully allocated to you.
+ Your coins and bars will be fully insured.
+ You can choose to take delivery at any time.
+ Your gold bullion coins will be fully segregated and often stored in individual serialised tubes with a tamper-evident security seal.
<center>![Screenshot_20200826_205159.jpg](https://images.hive.blog/DQmUcssGSS59jR8j6gEjQRis52ydCyzh6DFjzzYwQ4AyXAr/Screenshot_20200826_205159.jpg)</center>
 
<center><img src="https://files.peakd.com/file/peakd-hive/thekittygirl/5YzP6pdV-SilverGoldStackers.jpg"></center>

Want to find out more about gold and silver? Get the latest news, guides and information by following the best community on the blockchain - #silvergoldstackers. We're a group of like minded precious metal stackers that love to chat, share ideas and spread the word about the benefits of "stacking". Please feel free to leave a comment below or join us in the community page, or on discord.

<center>![UK_Hive_C0ff33a_mk1_2.png](https://images.hive.blog/DQmcSAcTPQ2bzfLqvAjRzdvsnEkz8uWd9dyQVaqEfAP24BF/UK_Hive_C0ff33a_mk1_2.png)</center>

Posted Using [LeoFinance](https://leofinance.io/@welshstacker/how-to-store-your-gold-and-silver-securely)