Gold doesn’t take up much room. A hundred thousand dollars worth of gold bullion will fit in a normal-sized coffee cup. One million dollars worth of gold would easily fit in a normal-sized dinner plate.
Silver takes up a bit more space. Twenty thousand dollars worth (approximately 500 ounces) fits in an average shoebox. And a medium-sized gun safe would hold all the silver and gold most people would ever have in their life.
But due to their value, it's smart to secure them and keep the knowledge of their existence private. Most of our clients keep their metals at home in a safe or at one of our recommended domestic or international vault locations. If you have a home safe, I recommend bolting the safe to the floor and keeping the metals in the safe.
It’s best to put the safe somewhere inconspicuous, not in the middle of the living room.
Make sure the safe is fireproof so a house fire won’t destroy all your assets. And make sure it is a difficult safe to open. Some safes out there are thick and sturdy, but easy to pick.
If you don’t want to hold it at home, you can store it in a private, regularly audited, and insured vault. Do not put it in a safety deposit box at a bank—for several reasons but mainly because safety deposit boxes are not FDIC insured. In an era of failing banks, the last thing I’d want is for my bank to fail and seal my box so I couldn’t get access to my metals.
Most third-party, privately insured vaults that hold your metals will charge a monthly fee based on value. Others like My Gold Advisor are specialized boutiques with unique storage services for members at no cost.
My Gold Advisor offers storage services with an instant cashout wire option. With this option, you place a quick call to MGA, sell any portion of your metals and will have the proceeds wired to you within a day.
You can also have any part of your portfolio shipped by UPS or FedEx to any location in the world by simply placing a phone call. These services provide peace of mind so you know your metals are protected while still ensuring you have instant liquidity at all times.
The last thing you want is to have your metals stuck in a vault when you need cash for something. So with these services, you can have the best of both worlds: peace of mind knowing your metals are protected, and the flexibility of instant liquidity at any time and any place.