It has never been easier for the average person to invest in gold, and there are many ways that you can do this. You can purchase gold bullion, coins, jewellery, or even paper gold, but you must protect your investment and keep it safe. Below are some of the options that you will have to consider if you are thinking of purchasing physical gold for the first time that will help to keep your investment safe.
Speak To Your Gold Dealer
The first place that you should start is speaking to your gold dealer that you are going to purchase your gold from, as they may offer a secure storage facility to keep your investment safe. However, if you plan to buy gold bullion from Brisbane specialist City Gold Bullion or other reputable sources, they may not have the facilities to store your gold themselves, but they might be able to make affordable recommendations on companies that you may wish to consider using.
Storing Your Gold In A Vault
Many different companies offer secure storage services, where you can pay a monthly fee and have your gold investment stored in a secure vault. You can also rest easy in the knowledge that your investment is also going to be fully covered by insurance if anything happens to it while it is in the care of your chosen company. The fees for this can vary drastically, so if it is something that you are considering, you will need to shop around to get yourself the best deal possible.
A Safety Deposit Box
A safety deposit box is similar to using a vault, and you are given access to a lockbox that you can fill with your valuable possessions. As well as items such as gold and jewellery, you can also keep essential documents such as the deeds to your home, your last will, and anything else you need to keep secure. There will be a monthly or yearly fee for this service, and some operations allow 24-hour access to their customers, although this may be a privilege that you need to pay extra for to use the service.
A Home Safe
One way that you can avoid having to pay monthly fees to protect your investment is to have a safe installed in your home or place of business. Safes come in a variety of different shapes and sizes, and there will be an option to suit almost any budget. It is not something that you should consider installing yourself, and you should ask for quotes for installation when you go shopping for your safe.
Do Not Gamble With Your Investment
Unfortunately, any option to keep your investment safe is going to cost money, so you will want to work out, which is the best option for you. Some people do not bother protecting their investment, thinking that they are saving money on the monthly fees, until their home gets robbed and their investment is stolen. If not adequately protected, it may not be covered on your home insurance, so rather than run the risk of losing everything, protect your investment to make sure it is there for that rainy day when you need it.