There are several different options to consider when it comes to storing bullion. Some people prefer to store their gold at home. This option allows you access to your gold at all times, but you need to take security into account. Even if you have a home safe, your gold and silver will never be as secure in your home as they would be in a specially-designed secure storage facility.
Others decide to store their bullion in a safety deposit box at their bank or 3rd party facility. The clear advantage to this over home storage is the added security, but banks can be a little limiting. You’ll only be able to access your gold when the bank is open and someone is available to open the vault for you. This could be a risk if you keep one eye on the market and need to be able to sell your assets quickly.
Plus, you should note that you will need to take responsibility for insurance yourself if you have stored bullion in a bank’s vaults, as they are not legally allowed to know what stored items are in your safe deposit box.
