When buying physical gold, there are many options for the new investor. While gold is a low risk investment in itself, keeping it in the home may not be very safe. So what is the best way to buy gold and keep it safe?
Buy Gold and Have it Shipped
Many people like the tangibility of being able to hold their assets in their hands and consider this the best way to buy gold. In choosing this method, the gold is bought from a dealer face-to-face or over the internet and then stored by the buyer themselves. Gold coins and bars can be easily hidden, but if not well-secured, theft can always be a factor. For this reason most people that choose this method to buy gold will pay to have it safely stored in a safety deposit box or a vault, or have it insured for protection.
Have the Company Hold It
A great way to buy gold is to purchase from a company and have them protect it in their vaults. This method is great because these companies have a lot invested in their clients’ security and are able to pay more to protect their gold than the average person. This is also a cheaper option because the premium fees involved in purchasing physical gold are significantly less. One downside of having the gold held with the company itself is that there may be a fee incurred for the storage and insurance of the gold. This may be well worth it however, if it means that a person’s hard-earned gold assets are fully secured.
The best way to buy gold varies from person to person depending on their preferences and their resources at hand. Whether they buy gold and keep it themselves, or have the company hold it for them, the most important factor that matter is security. No matter what the choice, investors can rest easy knowing that they have placed their money well in gold.