July 20th, 2011

Gold Storage Options

So, you’ve purchased your gold. Now what?

Well, depending on what form it’s in and how much you’ve purchased, you may need to look at storage options.

Some people like the idea of holding metals at home, but that creates security issues. They can be stolen, melt in a fire, or vanish in a tornado or flood.

Alternatively, safe deposit boxes at banks may seem like a good option. The metal boxes are locked up in a bank, after all. But they’re not always the best choice either.

Mike Clark, president and general manager at Diamond State Depository, said, “Owners of precious metals need to carefully consider the safest place to keep their bars or coins in the event of a financial collapse or other major event.”

Check out these pages for more information on Diamond State Depository’s storage options.

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