In reality, there are only three ways to store your gold: keeping it at home, using a bank's safe, or paying an outside storage company. Unallocated ingot storage is the cheapest way to store physical gold and silver. This makes it the most common type of external gold storage. The bank buys ingots of ingots in bulk and then sells fractional rights to gold to investors.
It is easier for the bank to store batches of 400 oz Good Delivery gold bars than individual quantities. They transmit those savings to investors. Many customers aren't comfortable with the idea of storing precious metals in their homes because it can make them potential targets for theft and theft. We recommend that these customers use a bench to meet their storage needs.
By using a third-party storage facility to meet their storage needs, customers are relieved of the responsibility of constantly having to protect their valuables. Banks offer top-notch security both internally and externally, so you can be sure that your gold and silver possessions are well protected. With external gold storage, you can buy as much physical gold as you want and then order the bullion dealer to move it to a gold storage facility without problems or complications. Rest assured that, as long as you work with a reputable gold dealer and a reliable gold storage depot, everything will work out fine from here.
If you come to the conclusion that more than one confidant may know that you own gold or think you may be a natural target, you may want to keep less gold in the house or, at least, rethink your home storage plan. Many of the country's largest gold traders work with some of the most secure gold storage facilities in existence. Louis Palafoutas, a Morgan Gold gold bullion dealer who has been in the gold industry for three decades, says that while some buyers choose to store gold in a safe at home, others ask to open accounts at Brink's or Delaware Depository, where the Comex and the Internal Revenue Service keep their gold. While external gold storage can eliminate space and security issues, the gold buyer doesn't have immediate physical access to their gold.
The United States Gold Office, directors and representatives do not guarantee customers that they will make profits or guarantee that losses cannot be incurred as a result of following their coin collection recommendations or after the liquidation of coins purchased at the United States Gold Office. The gold investor can have full confidence that a simple transaction will take place and that the gold they store will be safe at their external headquarters.