How To Store Silver Bars
Published on 5/6/2021 by APMEX
Proper Silver bar storage is an important aspect of bullion ownership. Thoughtful storage solutions facilitate condition retention and security. Whether you are new to holding Silver bars or are just looking for a storage overhaul, this guide will help you make your Silver storage environment top-notch.
The top two considerations in Silver bar storage are space and security.
Gold bars are frequently stored in small spaces. However, Silver bars are less dense than Gold, requiring significantly more storage room. Consequently, organization and planning are the keys to a good storage situation.
A good organizational system can help you keep track of what you have and utilize every square inch of space. First, measure the available capacity in the desired storage area to ensure that there is adequate room for your valuable Precious Metals. Then, develop a system to stack your Silver bars inside. Investors frequently use special storage containers to utilize space strategically. Finally, keep a secure log of what you have. Organized storage data can be an invaluable reference tool for future Precious Metal purchase prep.Tip: Storage containers are not all equal in composition. Consider the material's breathability and quality, as containers may remain in contact with your bullion items for years to come. APMEX offers a variety of Precious Metal Storage Containers that our staff numismatists have vetted.
Did You Know? Solutions like burying Silver bars underground or keeping them in a mattress hole are not recommended. Heat and humidity can wreak havoc on Precious Metals, diminishing overall appearance and condition via corrosion. Ideally, your Precious Metals should be kept in a cool, dry place. Tip: Control moisture in your storage area with Silica Gel Dehumidifier Packs.
Physical Precious Metals are a popular investment choice due to easy liquidation and unique value. However, because of the nature of physical assets, one must consider the threat of theft when storing Silver bars.
The ideal secure solution starts with discretion. Those who know about your Silver bar stash should be kept to a minimum. This can reduce the threat of theft and provide you with extra peace of mind.
Next, select a secure location to store your Silver bars. Some neglect to consider factors outside of theft that can affect security. For example, natural disasters, such as tornadoes or hurricanes, could cause detrimental effects on your Silver bar storage solution.
Now that you know the basics of Silver bar storage, read on to learn more about popular storage solutions.
Where Do People Store Physical Silver Bars?
There are a variety of storage solutions available to Silver bar owners. However, they are not all equal in the realms of safety and capacity. See the pros and cons of each below:
This solution is frequently touted by Silver enthusiasts. However, it is not always feasible or advisable. Consider the capacity of your home safe before keeping your Silver stack on-site. Although home storage solutions offer easy bullion access in emergencies, they can introduce vulnerabilities to intruder access and present space constraints.
In-Home Hiding Spots
Some suggest hiding bullion in places like clothing drawers, attics and hollowed-out books. Although some Silver enthusiasts swear by this solution, it can present vulnerabilities easily avoided with other affordable solutions. Ultimately, in-home hiding spots can be insecure and forgettable. Consequently, other solutions should be sought out when possible.
Bank Safety Deposit Boxes
Bank safety deposit boxes are a less popular solution for Silver bullion buyers. Although they offer higher security than home safes, they are frequently very small, and access to one's valuables is restricted to regular business hours.
Maximum-security storage is normally the most advisable solution, as it ensures that your Precious Metals are always accounted for. When trusted professionals guard your Silver bars, you can rest assured that they will remain in good condition at all times.
Did You Know? Some Silver owners suggest storing Silver bars in diverse storage locations. For example, some investors store a small number of easily accessible Silver bars in a home safe and put the rest in monitored maximum-security storage.
The Bottom Line
However you choose to store your Precious Metals, remember to consider space and security. If you desire a vetted maximum-security solution, check out what APMEX recommends below:
Store Silver Bars With Citadel
With Citadel, storing your Precious Metals is easy and affordable. Citadel is a wholly-owned subsidiary of APMEX that provides maximum-security storage for your Precious Metals. The private storage facility is managed by Brink's, one of the world's leading security companies.
Citadel customers can rest assured that their Silver bars are always protected and can be easily accessed when the time comes. Get storage peace of mind today with Citadel.
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