How to Store Your Silver Safely

When you buy silver coins and bars for investment purposes, you need to store them safely. You may choose to store your silver bullion in your own home. You also may choose to keep your silver  in a facility that is designed to store precious metals or in a safe-deposit box. But no matter where you store your silver, there are some precautions you should take to make sure your silver investment is protected.  Using common sense will help you keep your silver bullion safe so that your money is there when you need it.

Loose Lips Sink Ships

Talking about your silver could make you a target for theft. Even if you are just telling a friend or loved one, someone may overhear you and decide they want your silver. If you are in public, you should never discuss your investment silver. You should also not write about silver coins and bars or post pictures of them online. Even if you want to brag to your friends on Facebook about your investments in precious metals, don’t. Nothing online is ever really private, and when you post information about your silver bullion, you could be putting yourself and your family at risk. Don’t write about your investments on your blog or on any social-media outlets. Make sure that your email is secured before you send emails about your silver investments.

Divide Your Silver

Don’t keep all of your silver coins and silver bars in one place. If your silver is divided and stored in different places and different facilities, even if something happens to one cache, you will still have the others. This is especially important if you are storing your silver at home. If your home is robbed, the thieves will likely target the safe and not even look for other places where silver or valuables would be hidden. So you should put a small amount of silver bullion in the safe and hide the bulk of it somewhere else. It’s also a good idea to put some silver bars or silver coins with your valuable papers and other items you will need to have in an emergency. You never know when you might need to get your hands on some cash quickly in a disaster.

Take Security Seriously

When you buy more silver coins and bullion bars and have them sent to a storage facility, get insurance on them and take appropriate security measures. Never assume that just because the silver is being sent through a particular carrier, it will be safe. If you are taking silver bullion to a storage facility or bank on your own, make sure that you disguise the silver and carry it close to you at all times. Be aware of your surroundings. If you are transporting a large amount of silver bullion, you might want to hire a security company to handle the transportation for you.