No matter whether you have purchase gold jewellery or Gold Bullion Sydney, you need to find an appropriate storage space for it. Unlike digital and paper assets, gold bullion and jewellery are physical commodities that require a real-world location for storage. You need to do your research, explore multiple storage options, weigh their pros and cons, and ultimately make a decision.
Home storage
If you have very small quantities of gold, then you may find a home safe adequate for bullion or Jewellery storage. If your gold is at home then you will not have to pay storage fees, as well as have 24/7 access to look at, touch, or hold your gold. However, risks of robberies at homes tend to be pretty high, and you may end up losing your investment to a thief or burglar. Gold is also more susceptible to natural disasters like fires, floods, or earthquakes if it is stored at home.
Bank lockers
You have the option to store gold, silver, and other precious metals in a bank locker. These lockers are generally safer and more convenient than home storage. However, you would only have access your gold during banking hours, which can be a huge hassle if you need to sell off your gold urgently.
Third-party gold storage
An increasing number of investors today are choosing to store their gold in third-party storage facilities like Guardian Vaults. They provide a safe and secure location for storing precious metals, and tend to be ideal for high-volume, large, and bulky collections of physical bullion, bars, or coins. Third party storage facilities can ideally ensure round-the-clock surveillance of your investments. They are equipped with state-of-the-art security features, and are often safer than home or bank storage
When choosing a storage option, you need to take into account factors such as security, accessibility, convenience, and any associated fees. Security and accessibility are the factors that you must especially prioritize. After all, gold is an expensive investment that can fetch high ROI over time. Hence, it is worth it to spend a bit on its security.