How do I store gold jewelry

Storing gold: what you should be aware of

Once you have decided on gold as an investment, the question often arises of how and where it should best be stored. There are a few things you should keep in mind - and we'll tell you which ones.

Storage facilities for gold

Whichever storage option you choose, you should keep an inventory list. Take photos of the valuables and also the receipts. In the event of a loss, you will have proof to be able to claim the damage against the insurance company.

  • You can store gold in a safe and classic way in a safe deposit box. But there are also lockers at non-bank providers.
  • A safe at home can also be a safe place for your gold. Provided that the safe has at least VdS security level III. If it is lighter than 600 kilograms, it should be securely anchored in the floor or wall so that it cannot be easily taken with you.
  • If you don't want a locker and don't have a safe, you can still hide the treasure in or around the house.

Storing gold - that's what counts

  • As already mentioned, an inventory list as well as photos of the objects and copies of the receipts are important. Of course, all of this should not be kept in the same place as the gold.
  • If your valuables are gold coins, you should keep them in coin capsules. The same goes for fine gold. Proper storage isn't just about safety. Gold is a soft metal and is prone to scratches. These in turn reduce the value drastically. Since the buyer cannot simply resell, but has to melt down the gold, you will only receive the significantly lower melting value in the event of a sale.
  • If you are the proud owner of a Krugerrand coin, you should not put it in the pond to protect it from thieves. The foreign metals contained can rust.

Hiding gold in the house - you should pay attention to this

In general, three rules of thumb apply to hiding places at home.

  • Don't put all your eggs in one basket. This means that you shouldn't keep all of your gold pieces in the same place. Better to create several hiding places and distribute the valuables.
  • The second rule: hide a so-called "honey pot". You can hide a small part of the gold in a place that is not so difficult to find. Thieves usually don't have much time and may be satisfied with this small amount.
  • Last but not least: It depends on your confidentiality. The best hiding place is worthless if you tell everyone where it is.

If you are not sure whether your treasures are really precious metals, you can test gold for authenticity.