While gold has already increased by 30% in 2024 and does not seem to be stopping any time soon, the question of its storage (and resale) is crucial for all investors. Three options are possible. At home? Storing gold at home is not without risks and you will need to invest in a secure safe and additional insurance to protect your bars and coins against these risks. In the bank? While banks are safer, they also have their drawbacks. High costs, additional insurance, limited access and, of course, a dependence on banks which is not very reassuring in times of financial turbulence. Professional storage? It provides maximum security, provided that certain criteria are met.
The resale must be instantaneous and without commission
Thus, the storage of metals must be done in your name and off the company’s balance sheet (request a certificate of ownership). You need secure and audited safes, outside the banking system, with 100% insured products, but also possible delivery of your metals at any time. Furthermore, storage costs must be transparent and controlled (the cost of storage can quickly impact added value). Obviously, make sure of the reputation of the professional you are speaking to, and their links with a major player in the sector. Finally, the resale must be instantaneous and without commission: this is often where the costs hurt the most.
Also read:
“Find refuge in precious metals” – advice from Thomas Romain
