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Many more people are investing in precious metals like gold, silver, platinum and palladium bullion, and with their value seemingly increasing year on year, it’s little wonder. However, an investment is only ever as smart and secure as the methods you choose to protect it.

If you have precious metals simply sitting around in a drawer at home, you need to take immediate action to protect them, before it’s too late. After all, it may not just be burglars that could get their hands on your prized collection, but family members or anyone else inside your home, such as contractors, nannies or even your kids school friends.

Protecting your precious metals is thankfully made easy by storing it one of the following places:

• A high security safe within your home
• A bank vault or safe deposit box
• Third party depository

Advice for storing your precious metals in a safe at home

While you could be forgiven for thinking that a bank would be the most secure place to store your precious metals, it does present you with access issues, and could mean that should you need to get to your collection in an emergency, you might not be able to.

Storing your precious metals at home, in a high security safe however, gives you a robust level of protection from theft, and enables you to access it whenever you choose.

What kind of safe should you store your precious metals in?

Generally speaking, the higher the value of your items (whether precious metal or jewelry), the higher the fire rating of your safe should be, to give the items the highest level of protection in the event of a fire, as possible.

Experts also recommend buying a high security fire rated or burglar proof safe that is bigger than your existing needs; many people will expand upon their collections over time, or simply acquire more things that need to be locked away securely in a safe.

Having your safe professionally installed is a great idea, as it can help to ensure that it’s placed in the best position within your home, with proper airflow beneath it to prevent excess moisture from building up under it and getting inside. Ideally, the safe technician should also bolt the safe to the floor, making it virtually impossible for a burglar to even tip it over, let alone pick it up and carry it away. 

What other precautions should you take when storing precious metals at home?

A safe is absolutely the most secure place to keep your precious metals in at home, but to make sure that it stays as dry as possible inside the safe at all times, you should consider using a dehumidifier rod and rechargeable desiccant device.

For more information on dehumidifiers, or any other aspect of safely storing your precious metals at home, talk to an experienced safe installer or technician, and make sure you’re protecting your investment in the best way possible.