Politics, wars and long-term joblessness can contribute to a society’s sense of unwell being and financial instability. But if you’re at this site, you already have an idea of that.
One way to survive the future, some media outlets suggest, is by using gold as a protection. If you’re worried about our short-term future, have cash on hand and the ability to protect it, then buying gold might be a good move for you.
Technically, physical gold is a liquid asset, which means you can get immediate return from stored gold if you decide to liquidate. However, you may face obstacles in this. A dealer may require you have bars refined to verify the purity. Or the gold might not sell as quickly as you think. If you are shopping for gold to liquidate in an emergency, shop smart. Look primarily at coins guaranteed by the government such as what you find at the US Money Reserve. Other types do not sell quite as easily.
Physical gold in the form of bars or coins offers security that you can’t get elsewhere. The one downside to owning physical gold is storage. If the gold disappears, there is no recovery. So to ensure your survival against financial disarray, here are some tips to wisely store gold.
In the House
Many homeowners store valuables in safes. That goes for gold too. If you want to store gold (and jewelry or cash) inside your house, install a floor safe. Floor safes are usually mounted to the floor, and are virtually impossible to move. This prevents a thief from lifting the safe to a new location for lock picking. You can also get creative with a floor safe’s location, mounting it in a basement, or underneath a sink.
In the Bank
Some gold owners prefer to keep their gold in a bank safe-deposit box. As with the home safe, you can store other valuables in it with the gold. But the downside to using a safe-deposit box is getting fast access to your assets. You are restricted to banking hours to retrieve the gold. Some extremists feel lack of access defeats the entire purpose of storing gold for survival. In acts of war or financial chaos, how can you be sure you’ll even get access to your gold?
In the Ground
Burying gold in the ground may sound far-fetched, but many people choose to do it to be near their asset. However, most experts suggest against it, citing dangers of losing the gold somehow in the process of burying it in and around your home. They recommend only three places to store gold – at home, in a bank’s safe deposit box or with a third-party storage firm.
In a Storage Facility
Storing gold with a third-party storage facility is becoming more of the norm rather than the exception. Some states require clients take delivery of their precious metals, while other states allow for another holder of the asset. Check with your gold dealer to learn more.
In Your Mind
Only you know you have gold. It’s best to keep it that way. Don’t go spreading the word that you bought gold. That will only increase the risk of a robbery. If you must, tell only one other trusted person. This person is usually the one you choose to handle your assets if you die. Share details of location and value. Make sure the designated person can access the gold with safe-deposit key and code privileges.
It’s possible to survive a modern catastrophe if you have gold to keep you going with other post-event chaos. Physical gold from the US Money Reserve offers advantages when you are saving for the future. Storage takes some thought, but once it is safe, the security is worth the effort. Save smart and invest wisely by buying physical gold.