Best way to store gold safely: Home, Bank or Insured Vault?
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The first thing to do after purchasing precious metals is to figure out how to best protect it.
Here's a couple popular options and their pros and cons.
| Storage Options | Pros | Cons |
| At Home - Under mattress or drawers or closet | Free | Risky, uninsured, expensive for mental health |
| Home Safe with 24/7 Alarm and Monitoring |
Good deterrent for theft, consistently monitored |
Expensive, ongoing monthly charge, uninsured |
| Home Owner's Insurance | Fully insured, true peace of mind | Expensive, will require investment in safe and alarm system |
| Bank Safety Deposit Box | high physical security | limited access, not insured by bank |
| Professional Vault Storage with Gulab Jewelry |
Max security, easy access, fully insured, ability to use Gold to rent gold jewelry, affordable, limited expenses |
gold is not physically with me |
Only one option allows the most usage, most access, and most peace of mind with a very low cost.