At a time when interest rates on bank deposits are falling, many people are choosing to save by investing their capital in gold and other bullion. Bars, coins and jewellery can be stored in bank safes, but it's much more convenient to keep them in a safe. We will suggest how to protect them so that it is completely safe.
Gold has been used to multiply money for decades. The beginnings of such investments date back to 1975, because it was then that the ban on owning investment gold was lifted in the United States. From then until 2010, the average rate of return on investment was 8.5%[1]. According to financial experts, this bullion can therefore be treated as a long-term investment of capital and its protection in uncertain times of crisis. One cannot count on quick profits, therefore it is necessary to store precious metals even for a long time.
Safe deposit box or bank vault?
Investors use bank boxes or safes for this purpose. The first solution is safe, but comes with certain inconveniences and fees. If we want convenience and more universal security, it is better to invest in a home safe, in which, apart from bullion, jewellery or coins, other valuable items can be stored. In this case it is best to bet on a solid anti-burglary model, which will be impossible to be forced and carried out by thieves.
Which safe to choose?
First of all, you need to think about the content of the safe and take into account that its value may increase over time. You should therefore consider the size of the safe and its class, which determines the upper limit of the stored values. It is worth remembering that its limit can be increased by the extension of security features, such as a safe alarm. Another important parameter is the security class, which is an indicator of resistance to burglary. The functionality of shelves and the management of possible hiding places, e.g. for weapons in the safe, are also important.
Where should I place the safe?
After analysing all the guidelines, it is worth considering the place where we want to keep the safe. A convenient solution are furniture models, which can be successfully hidden e.g.: in a desk or a bedroom wardrobe. Such protection is discreet and easy to install. On the other hand, home offices often have free-standing safes anchored in the floor, which makes it impossible to take them out in the event of a burglary. A floor or a wall safe is also a solid way to protect your possessions and is an investment that will last for years. It is best to plan its location already at the building design stage, as the installation of such a device requires the preparation of a special niche. However, it is not possible to apply such a solution everywhere due to too small thickness of walls or substrate.
Find out: Where to install a wall safe?
What else should you pay attention to?
In the case of a safe, the most important thing is quality – advanced locking systems, certificates and purchase from a reliable manufacturer are the basis for feeling safe. It is also a good idea to use additional security features, such as a duress code, which allows you to open the safe during a burglary, but at the same time silently notifies the appropriate services. It is important to remember that the better you secure your property, the harder it will be for burglars to break in.
[1] https://wealth.pl/gfx/wealth/files/raport_zloto.pdf
We also recommend to read: Keep your jewellery in the safe
Is it worth investing in gold? Check how to secure your valuables
