Safely storing and moving gold: Our essential tips
Gold has been a valuable and coveted precious metal for centuries. Whether you own gold coins, jewellery or gold bars, it is important to know how to safely store and move your prized possession. In this blog post, we share some essential tips on securing gold, whether you want to keep it at home or move it to another location.
Keeping gold safely at home
Keeping gold in your own home can be convenient, but it is of crucial to take the right security measures to prevent theft or loss. Here are some tips:
Invest in a high-quality safe: Invest in a high-quality safe designed specifically for valuables. Make sure this safe is firmly anchored in the floor or wall and is difficult to open without the right access code or key.
Secrecy: Keep your possession of gold as discreet as possible. Only tell trusted persons (such as family members) about your investment in gold. Do not talk about it openly in front of others or put it on social media, to minimise the risk of theft.
Insurance: Consider taking out insurance for your gold. This offers financial protection in case of theft, loss or damage.
Keeping gold at the (private) bank
In Belgium today, it is almost impossible to keep gold or other valuables in a safe deposit box at the bank. At a regular bank, it is still possible to buy gold securities such as funds, trackers or gold mining shares, but buying and selling physical gold coins and gold bars is a much more difficult task. This is partly due to strict anti-money laundering regulations, increased security measures and the complex logistics of transporting and storing gold.
Despite the fact that banks have divested physical gold, Value Shop offers the opportunity to buy physical gold at the best prices.
There are also a number of private banks where storing gold is still possible, for this we would like to give you some tips to make the right choice of bank:
Bank selection: Choose a reputable bank with a solid reputation for keeping valuables. Ask about the security measures the bank has taken, such as e.g. camera surveillance, access control and alarms.
Insurance cover: Check whether your gold is covered by the bank's insurance of the bank. If it is not, consider taking out additional insurance.
Documentation: Make sure you have a detailed inventory of your gold kept in the bank vault. Take photos and keep purchase receipts and certificates in a safe place.
Safely moving gold
If you want to move gold to another location, it is important to be as careful as possible. Here are some tips:
Professional help: Consider using a professional transport company that specializes in moving valuables safely. They have the expertise and resources to transport your gold safely and discreetly.
Insurance and tracking: Make sure the transport company provides adequate insurance in case something goes wrong during transport. Also ask about tracking options so that you can track the progress of your shipment.
Discretion: Avoid mentioning valuable contents while moving gold. Label the packaging in a neutral way so as not to attract unwanted attention.
Safely storing and moving gold requires careful planning and adequate security measures. Whether you choose to keep it at home store or move it to another location, always follow proper procedures and use professional help if needed. Remember that discretion and confidentiality are essential to minimise the risk of theft, minimise. With the right precautions, you can enjoy gold ownership without worrying about its security.
Would you like advice on gold storage and relocation? Don't hesitate to contact Value Shop, we will be happy to guide you further!