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A Safe in a Bank or Your Own Hideaway: the most secure places to keep gold

Published by Roland Uriko in category Tavex on 04.01.2022
Gold price (XAU-GBP)
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Silver price (XAG-GBP)
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The uniqueness and value of gold are unlikely to be doubtful to anyone with any knowledge of world history or finance. However, physical gold attracts many, including crooks. The owner of gold products may be concerned about where to store such valuable assets.

Choose a safe place

Before purchasing a gold coin or bar, it is worth thinking about where you plan to keep it in the future. Desks at your office or bookshelves in the living room are not the best places to hide your valuables. As valuables need safe places, it is often preferred to keep them, for example at a bank in a safe. However, history has shown that this may not always be the best solution. Should a major crisis occur, it may be difficult to use banking services, including access to your safe deposit box. Why do we often entrust the protection of our personal property to anyone else but ourselves?

As the fact that it can be used always, and immediately, if necessary speaks in favour of physical gold, a bank vault is therefore not the best way to store such assets. One of the peculiarities of physical gold is that it is an asset that is always in the owner’s possession if desired and therefore also immediately usable and transportable.

Don’t announce your purchases

Find a private place for gold that you can quickly access if needed. Any place can be suitable for this, for example, a safe, an apple tree in a country house or a shoebox in a household. We all know best which places in our household are potentially the safest and also protected from accidental discoveries. One more suggestion here: keep the location known only to yourself and share it with only one or two trustees if necessary, as disclosing such information to third parties can do the owner a lot of trouble. It is also possible that the place where gold used to be hidden will be forgotten over the years. Therefore, it may be helpful for someone other than you to remember the location. Likely, there is still gold in the United Kingdom that has been hidden. Unfortunately, no one knows the location of these hidden places anymore, because all this golden information has been lost in history.

The most important thing to remember is to trust the person to whom the location of gold is revealed completely and unconditionally. This could be, for example, a spouse or a very good friend who does not exploit the secret. If you decide to dig your gold underground, let it be said here that nothing will happen to your gold. Gold is a very durable metal that does not corrode or oxidize, you can be sure that the properties of gold bullion will not change over time – even if the object spends a few decades or several hundred underground.

However, it is worth choosing a location carefully. If you hide gold under the seventh consecutive pine tree in your favourite forest, it may turn out over the years that someone has cut the trees and the seventh pine you have chosen no longer exists. Choose a place that you can control to avoid this situation.

Not the best place?

As you may have noticed, the best and the most secure place to store gold has not yet been mentioned. This would make people with bad intentions immediately dig up apple trees or look for shoe boxes at home.

You still decide the best place. The only condition is that it must be kept strictly secret.

So it’s worth choosing a place where you can easily access your possessions and where other people don’t go. Many people love to hide gold items in their own homes, as homes are probably the safest place in the world for everyone. More so since you can protect your property yourself. So choose the right place carefully and stick to the basics – only then are your purchases securely protected. The most important part is to make that purchase – you can see our variety of products here.

Gold price (XAU-GBP)
GBP/oz1,00
  
- GBP0,00
Silver price (XAG-GBP)
GBP/oz1,00
  
- GBP0,00

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