What you should do when you decide to go for Home Office Storage
Here is what you should do when you decide to store silver at home or in your office:
- Install a floor safe: One of the best places to store your silver is in a floor safe which can relatively easily and inexpensively be concealed. If you don’t have money to buy one and the skills to install it, then you should consider cheaper alternatives (distraction safes, etc.). However, avoid free standing safes altogether, those are not only difficult to conceal, but it can be an expensive venture at best. Money that could have been used for silver purchases instead. There are many concealed/hidden storage spaces you can create within your home or office (or even outside!) with a little bit of spare cash, a little bit of common sense and a little bit of D.I.Y. We do not wish to cover the subject here for obvious reasons, but you will find plenty of websites elsewhere on the Internet that cover the subject in great detail.
- Tell no one: It’s hard for some people not to tell or to keep secrets, but you should try not to tell anyone that you are storing silver at home or in your office. There are however one or two exceptions of course. If you are worried that your silver might not be discovered when you kick the bucket and your family might starve as a result of it, because you told no one or gave no one specific instructions to where it is hidden, then of course you need to tell a close family member or friend you feel can be trusted. It all depends on which of the risks involved you want to give the highest priority. E.g. if you feel you cannot really trust anyone, don’t have family or don’t really care what happens with your silver after your death, then it would probably be best to tell no one about it. Most of us however have family and friends who will most definitely be better off with silver than without it, so if you can, it’s better to let your silver fall into their hands after your death than in the hands of some scoundrel(s) somewhere down the line.
- Insurance: Now some will tell you that you must insure your silver. Silver Bullion doesn’t recommend this, first of all, because the insurer will pay any claims in fiat currency or non-redeemable paper notes, secondly, insurance is not cheap, and thirdly, by insuring your silver you will leave a nice paper trail that can be followed by those wishing to confiscate your silver. So when it comes to insurance, it’s best not to insure your silver. It’s more cost-effective and smarter to rather spread your silver by storing it in more than one hidden/concealed storage space in more than one location. This way you save money in terms of not having to pay insurance premiums, you limit the risk of losing all of your silver during a burglary, and last but not least, you make it difficult for government(s) to confiscate your silver since you haven’t left a paper trail (or a very small one that ends with a batch of worthless nickel coins!).