When you decide to invest or save gold bars, the safety of the storage area is one of the main factors that must be considered. Because the form of precious metals that tend to be small makes it easier to be stolen. Not only that, precious metals may also be scattered and lost if not properly stored and maintained.
Actually, there are various ways to store gold bars safely and easily. If your budget is limited, there are also quite a few cheap storage places. What are some gold storage options that you can consider? Here goes the answer.
Store Gold at Home
This is the easiest and cheapest way, and at the same time relatively safe. You only need a lockable cupboard in a private room. This method is suitable for those of you who have not too much gold deposits. Make sure the storage location is easily monitored. Don’t forget to make sure your house is not left too often empty.
Storing Gold in a Steel Safe
In addition to storing in an ordinary lock cabinet, you can also use a steel safe. With a steel safe, gold is protected from the dangers of fire and flood. Safes are also safer because they are difficult to break into burglars. The price of a steel safe is relatively affordable, starting from Rp. 2 million. You can choose the size of the steel safe as needed.
Store Gold in a Safe Deposit Box
Safe Deposit Box (SDB) is a storage service for valuables in a safe box that is usually provided by large banks. SDB is usually leased annually with varying prices, depending on the size of the box and the policies of each bank.
This method is suitable for investors who have a stock of gold in relatively large quantities or are expensive. The cost of storing gold in SDB is relatively expensive, making it less suitable for storing gold that has little value.
Make use of Services at Pawnshop
If you and your family plan to leave your house for a long time – going home for example – you can take advantage of valuable storage services at Pawnshop. To deposit the gold bar, you only need to pay a deposit and administration fee.
Those are the four gold storage options that you can choose according to your gold investment needs. Do you want to start investing or saving gold now? Do not forget to check the latest gold prices below.