After deciding to buy precious metals, customers are left with the daunting question of where to store their wealth. Fortunately, storing precious metals does not have to be complicated. Below are three options for storing your precious metals and keeping your wealth safe.
1. Concealed at-home storage
The simplest option for storing precious metals is concealed at-home storage. Buying a safe and hiding your precious metals somewhere in your house or on your property allows you to keep your investment close. This storage option is easy, quick and accessible.
When investing in precious metals, many customers want the peace of mind knowing that they have total control over their physical assets. Noble Gold recognizes this need and offers the Royal Survival Pack, an easy at-home delivery service that discreetly ships precious metals directly to you.
There are some risks, however, with storing precious metals at home.
In the face of a natural disaster, your precious metals may be damaged or lost. Hurricanes, tornados, earthquakes, floods and other serve weather could damage or disperse your precious metals. Also, you may choose to take insurance out for metals stored at home, and that comes with an additional cost.
At-home storage is a great option for diversifying your portfolio and supplementing your savings. One thing to note for retirement funds, however, is that the IRS requires that the metals be stored in a depository. At Noble Gold, we understand that the security of your metals is extremely important and have arranged the best options available to keep your IRA metals protected.
2. Bank storage
Another option for precious metal storage is a safe deposit box at a bank. Banks offer security and are often close to the precious metal holder.
Banks are not without their disadvantages, however. Banks do not insure the content in a safe deposit box. In order to recover your metals in the event that of theft or natural disaster, you must buy additional coverage that is often costly. Banks also have limited hours, so accessibility to your precious metals will be constrained by bank operating hours.
Some people do not want to trust their life savings to banks. Many customers invest in precious metals to protect themselves against an economic and financial collapse, so placing your savings in the banks may be counterproductive to that goal.
3. Third-party depositories
A depository is a safe, secure location that is run by private companies. Depositories eliminate the risk you face when dealing with banks or by storing the meals on your property. This is a great option for retirement accounts, as qualified retirement accounts can be rolled over seamlessly in to gold IRAs.
Noble Gold has partnered with International Depository Services (IDS) to provide our clients with state-of-the-art, specialized, CME, LBMA and Intercontinental Exchange (ICE) approved precious metals storage. Client assets are guarded by IDS and are insured through an all-risk policy underwritten by Lloyd’s of London, the world’s leading provider of specialized asset insurance.
Until recently, depository storage in the U.S. has been exclusively on the East Coast. However, Noble Gold is proud to announce that we have partnered with IDS to offer exclusive access to the brand new, state-of-the-art, Texas bullion depository in Dallas, giving you an East Coast alternative for the first time ever.
This segregated storage facility holds your physical gold and silver under your name and protected separately from other investors assets. The Texas IDS facility allows clients to keep track of your metals online or schedule a time to see them in person.
When it is time to take distribution of your tangible assets, you can request that they be discreetly shipped to your home or you can liquidate your assets with our buyback program. You will be the proud owner of the actual physical metals you purchased.
For more information and a free gold investment guide, all you need to do is fill out a quick form. The form should take no more than a few minutes to complete and is the first step on the journey of protecting your family and your wealth for years to come.