Advantages of Storing Silver in a Safe Deposit Box (Safety Deposit Box)
Storing silver in a safe deposit box (safety deposit box) offers the following advantages:
- Secure – Storing your silver in a safe deposit box (safety deposit box) is relatively secure. Relatively secure since it’s no secret that in case of silver confiscation, it will be much easier for a hostile government to confiscate the silver of 5000 or more people pooled together at a bank or depository than the silver of 5 million people spread out in 5 million or more homes. On the other hand, if you simply don’t have sufficient storage space at home or in your office to store silver, or live in an area plagued by crime, then it’s probably more secure to store at least some of your silver in a safe deposit box (safety deposit box) at a bank or depository.
- Inexpensive – Renting a safe deposit box (safety deposit box) is normally inexpensive, especially if you consider the value of the silver and other valuables you can store in such a way.