22 April, 2011

How to Safely Store Precious Metals

The safety of your precious metals and hard assets is vital for the preservation of your investment. Knowing how to securely protect your precious metals will also give you peace of mind.

1. 
BANK SAFE DEPOSIT BOX

Depending on the size of the deposit box, the average lease cost per year is $30 - $50. Whether you're storing gold, silver or platinum - it is well worth the fee. The bank will normally give you two copies of keys to the deposit box, and it is recommended to keep these separate.


2. 
PERSONAL HOME SAFE

Home Safes come in a variety of forms, such as keypad and number combinations, key locks and fingerprint scans. As an added precaution, it is best to purchase a safe that is both water and fireproof. Depending on the amount of your precious metals, you will need an appropriately sized safe to keep in your home, and if possible, keep it concealed.


3. 
ADDITIONAL SAFETY MEASURES

Be cautious whom you show your precious metals to, and be careful when divulging where you store the metals when conversing with friends, family or strangers. And when opening your home safe, ensure that your windows and doors are securely closed as a precaution to prevent would-be thieves from knowing where your precious metals are kept.



Thanks to eHow.com


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