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The Gold Show is for entertainment purposes only and not financial advice.
Owning physical gold is great.Â You can hold it, touch it, and knowing that you are holding a part of your wealth in your hands is half the fun of owning physical gold.Â Storing it can sometimes be a bit of a concern, however, so letâ€™s have a look at a few options.
Most investors are happy to keep their gold bullion at home.Â In these instances, we recommend taking steps to avoid compromising the safety of your gold and your home.
Keep the information to yourself.Â Thereâ€™s no need to tell your friends and family or talk about the fact that you have gold at your house to your work colleagues.Â You never know who is listening.
Keeping your gold in a safe is ideal, particularly if you have one that can be hidden in a wall or the floor.
Unless you have millions of pounds worth of gold the storage of it won't be a problem.Â This means you could also get creative with where you hide it.Â Maybe put it in the attic, or under some floorboards.Â Ideally, you want to hide it somewhere that, in the unfortunate event you might be burgled, it is not easily findable or identifiable.
For extra peace of mind at home, you could also consider insuring your gold.
If the idea of keeping your gold in your own home doesnâ€™t feel safe enough to you then you also have the option of hiring a safety deposit box from a bank.
When the time finally comes and you want to sell your gold then it couldnâ€™t be any simpler.Â There are plenty of highly reputable gold bullion dealers in the UK.
A little research online goes a long way, and you will get immediate offers based on the current global price of gold from them too, so you won't have any surprises when you go in.
In most circumstances, the dealer that sold you the gold in the first place will often offer the best rate through their gold buy-back service, but there is never any harm in looking around to find the best price.
Disclaimer: This is not financial advice.
Last updated: November 27, 2020
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