What Is Gold Bullion Storage? A Guide to Safe Investment Protection

Our assets, especially the more valuable ones need protection especially because of their high value, sensitivity to environmental conditions, and potential for theft.  Preserving these tangible assets is very important, too, to ensure greater resale value in the future.  One of these assets that needs protection is gold bullion.  

Gold bullions are pure or nearly pure gold refined into bars or coins for investments or wealth storage.  Their value depends on their weight measured in troy ounces or grams and their purity, often 99.5% (marked as 995) or 99.99% (marked as 999.9) pure.  They are very liquid assets, actively bought and sold in global markets.  Being so valuable, gold bullion needs special storage for its security and preservation.  What are the benefits of keeping it in storage like Fortis Vault gold bullion storage?

Being tangible and mobile, gold bullion is really susceptible to theft and damage.  Storing them in secured storage can protect your investment.  Though resistant to corrosion, improper handling or exposure to contaminants can tarnish your gold’s appearance and will surely affect its resale value.  That is why keeping them in gold bullion storage is essential to retain their market value and liquidity aside from the security these storage offer.

Type of Gold Bullion Storage

Home Storage.  Yes, you can keep your high-valued gold bullion at home for easy access and no storage fee requirement.  Use a high-security safe that is fireproof, waterproof, and tamper-resistant.  Put the safe in a discreet location to minimize theft risk.  For added security, you may install home security systems like alarms, cameras, and motion detectors.

However, using this type of storage has a higher risk of theft than other storage options and insurance for home-stored gold can be too costly or difficult to obtain.

Bank Safety Deposit Boxes.  This method of keeping your gold is offered by banks where safety deposit boxes serve as secure storage solutions.  There is a higher level of security and relatively low-cost storage fee than professional vaults.

Just like home storage, these bank safety deposit boxes also have their disadvantages.  Your access to the gold bullion is limited only to bank hours and may not include insurance for the gold stored within.

Professional Vault Storage.  Vault facilities operated by companies are what we call professional vault storage.  These specialized gold storage providers are managed by professionals and can be considered the most secure option.  Their facilities are specially designed for keeping valuable metals.  Also, most of these storage services offer comprehensive insurance coverage.  Global access is available, too, since some of them have multiple locations worldwide, facilitating easier trade and transfer.  Using this type of storage can make you benefit from the advanced security measures and fully insured storage which is very ideal for large quantities of gold bullion.

However, quite expensive storage fees apply and your gold is not immediately accessible unless prior arrangements have been made.

Owning gold bullion comes with a very critical responsibility of safely keeping it to protect your very susceptible to theft investment.  So, if you have these asset now, secure them with the most appropriate storage.