Good question.
Many gold owners like to keep at least some of their gold coins or bars at home. It brings a sense of security, knowing that your gold is within reach, under your own roof.
In fact, many gold owners would refuse to consider any other option. They simply don’t trust any company or institution to keep their gold safe.
For others, there is probably a reasonable balance to be found. And that balance will depend on three things.
– How much physical gold you own.
– How secure you feel storing gold at home.
– How much you trust the banks, gold dealers and your government.
To start with, if you own just five or ten ounces of gold, in the form of coins or bars, you could reasonably hide it in your home or yard, and feel pretty safe.
But what if you have more like fifty coins or bars? Maybe you would start worrying a bit about your home being broken into. Or a house fire.
At the point at which you get nervous about storing all your gold at home, you could decide to start keeping some of it in a bank’s safety deposit box. This is certainly a safer place in terms of security. Although some people are concerned about banks, or the government, breaking into their safety deposit boxes.
The next level, when you already have some gold stored at home, and some in a safety deposit box, comes when you feel you probably have enough in terms of physical gold you have possession of.
At this point, you might want to consider buying gold in allocated storage. This means you buy the gold from a dealer, but don’t actually take physical possession of the gold itself. It’s real, in so far as there is actual gold with your name on it as the owner. But that gold remains in the dealer’s vault. Or in a vault used by that dealer. If at some point you decide you do want to take possession of that gold, simply call your dealer.
Owning gold gives one a solid sense of security. It’s real money.
But, as with money in any form, you need to be prudent about how you store it.
Again, as with cash money, you probably want to keep some of it at home.
But as your holdings grow, it’s worth exploring these other options, if only to spread your risk.