The Precious Metals Trifecta

When many people think of owning physical gold or silver, they envision stashing coins or small bars in the home safe. Others envision having a small stash of precious metals in a safe deposit box. Larger investors may think of storing larger gold or silver bullion bars in a precious metals depository.

In our view, a physical precious metals investor may want to do all three…

Using home storage, safe deposit box storage and depository storage may give investors the ultimate combination of safety, security, and peace of mind.

Home Storage: Storing a small amount of gold, silver, or other precious metals at home may provide comfort and peace of mind. Having immediate access to precious metals in case of currency or economic crises could give the investor a vehicle for barter or exchange. In the unlikely, yet possible event of a massive bank or currency collapse, gold or silver coins or bars could be the only way to buy food, fuel, and other necessities.

Safe Deposit Box Storage: A safe deposit box located near your home is also a good option. While not as accessible as precious metals stored at home, coin and bullion stored within a safe deposit box located nearby may provide added security. These safe deposit boxes are very private and do not involve the security concerns of home storage. You may, however, want to keep only a limited amount of coin and bullion in a bank as you will only be allowed access during banking hours and could be denied access during a crisis.

Depository: Storage in a precious metals depository will likely represent the highest level of security for your precious metals and should be the method of choice when it comes to storing and securing the bulk of your precious metals holdings. These depositories feature state-of-the-art security and surveillance systems, and some even offer insurance coverage against loss. You can elect to have your coin and bullion fully allocated, and your assets should not be mixed with the assets of the depository. If you are building a significant holding of physical precious metals, you will want to have the majority of your holdings held in the depository. If you are buying physical precious metals within your IRA account, you are required to have them held within an approved depository.

Precious metals ownership can potentially help you secure your financial future while possibly providing a meaningful hedge against various economic and geopolitical issues. We feel that building a significant holding is extremely important, but that access and security issues must also be considered.

Using all three methods of storage may provide the best combination of safety, security, and accessibility.

If you do not currently own physical precious metals, now is the time to consider an allocation. An Advantage Gold account executive can answer your questions regarding the potential benefits of precious metals ownership, and can even show you how to begin buying actual, physical gold or silver using your IRA account.

Don’t wait for the next financial crisis or further declines in the dollar before taking action. Explore your options now. To get started, call us today at 1-800-341-8584.

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