Door stop. That is what I do with ingots.
I’m looking at buying some physical gold, I’m not interested in gold ETFs or paying someone to store my gold.
So, I want to either store it at home or in a safety deposit box.
I’m thinking about £40k.
Anyone got any experience of this and what the insurance issues are?
Door stop. That is what I do with ingots.
In the fridge, looks like novelty chocolate
Bury in garden.
Hmmm.... any useful input?
Seriously, as long as no-one knows you have it, burying it is as good as anything.
Call your insurance company and ask?
Most banks stopped providing the service back in the mid-90's, so I mounted a safe in the floor of our house and which paid for itself in 4 years over the cost of a safety deposit box.
R
Ignorance breeds Fear. Fear breeds Hatred. Hatred breeds Ignorance. Break the chain.
If it works for cheese it'll work for gold...
Sent through the ether by diddling with radio waves
We are talking less than 33 1oz gold Brit sovereigns. Not exactly the Royal Mint.
I keep mine under a loose floorboard,I dare say first place they'd look.😱
Started out with nothing. Still have most of it left.
£40k is about 1 kg of gold, which is roughly the same physical size as an iPhone if purchased in bar form. I work in the gold industry and, personally, would much rather exposure to precious metals through ETFs or relevant mining stocks but if you insist on physical delivery of such a small quantity I’d just find a hiding space and only tell the Mrs (or mistress) where I’ve stashed it I think!
well as the op asked about storing gold and no how to best to invest 40K :-), some I have at home no more than 5 k in value ( mainly collector & slabbed coins) for insurance purpose had to have a safe , some I have in secure private storage in leeds ( £100 ish per year) , as said you don't need a vault just a small box even for 40 K!
In that case it just depends on personal preference for storage. If it's buried in the garden it's pretty safe and probably wouldn't need insurance! If it's in the house and could be found then insurance seems sensible. It's one of those situations where there is no correct answer really, only the one that appeals to you the best. ;-)
Started out with nothing. Still have most of it left.
Fashion it into a hare shaped piece of jewellery and bury it somewhere in the UK with clues to the location hidden in a picture book.
Ignorance breeds Fear. Fear breeds Hatred. Hatred breeds Ignorance. Break the chain.