Buying gold: to keep it at home or in custody?
The collective purchase of gold through 11Onze Preciosos continues to be a success, but some customers wonder whether it is better to receive the physical gold pieces at home or leave them in custody. Càrol Rafales, senior sales specialist at 11Onze, explains the advantages and disadvantages of each option.
One of the most recurring questions among clients who invest in the purchase of physical gold is where and how they should store the bars or coins once the purchase has been made. Do I store the gold at home in a safe? Under the mattress? Or do I leave it in custody in a vault of a specialised company? Each option has its advantages and disadvantages.
If you decide to store your gold at home, you will have easy access to the pieces and this will allow you to admire your bullion and coin collection without relying on a third party for safekeeping. However, before deciding to store gold at home, there are a few factors to consider.
Firstly, we must ensure that the gold pieces are stored in a suitable environment to be preserved in perfect condition over time, i.e. that they do not deteriorate due to humidity or other corrosives, as this would diminish their value and make it difficult to sell them when we want to recover our investment.
On the other hand, you may have to take additional security measures to ensure that your gold is well hidden and protected. You may also need to take out specific insurance if you do not have home insurance to cover these valuables. Of course, you have to be careful not to reveal too much information about your purchase. As Rafales explains, “having gold at home is something we have to keep secret, and it requires additional security measures”.
Under the custody of a specialised company
Precious metals experts recommend that safekeeping should be carried out at the premises of companies specialising in the safekeeping of securities, thanks to the high level of security offered by these companies. As Rafales points out, “having our physical gold in custody in a specialised company gives us peace of mind, and the gold is 100% insured“.
Perhaps even more important than the security offered by companies specialising in storing precious metals, is the ease of resale. You will be able to sell your gold easily, without having to worry about finding a buyer or an establishment you can trust.
Finally, you have to bear in mind that storing gold at home or in custody has a cost that may vary depending on the circumstances of each individual. Even so, Càrol Rafales analyses the pros and cons of each of these options and helps you decide which option suits you best.
If you want to discover the best option to protect your savings, enter Preciosos 11Onze. We will help you buy at the best price the safe-haven asset par excellence: physical gold.
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