How Should You Store Your Gold & Silver?

Рет қаралды 3,600

3 ай бұрын

It's all well and good to focus on growing your stack of precious metals, but what should you actually do with it once you've bought it?! Matt goes through some of the basics of storing bullion and some of the things we've seen in our time in the industry!
Burning safe video 🔥
• We Threw A Safe Onto A...
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Пікірлер: 45

@tastiger91 3 ай бұрын

Mine is under a shovel. People are afraid of work these days.

@user-lh5kn8tv4f 3 ай бұрын

Mines under my nutz

@Scott.V.Grube1 3 ай бұрын

🤣

@slapdat.byteme 3 ай бұрын

Slap’s “Eleven Rules For Storing Gold & Silver At Home” 1) A safe advertises hidden valuables, but if you must use a safe, bolt it down and load it with VERY heavy weights. 2) Store some decoy/sacrificial coins/cheap jewelry in an easy-to-find location. Then hide the good stuff well. 3) Unless you use a safe, NEVER hide your stash in a bedroom or bedroom closet. 4) Same as #3, but insert “study” and “pantry”. 5) Forget hollowed-out books, fake soup cans, etc… your stack will be stolen in less than 5 minutes. 6) If using a desk, bookcase or shelf, make sure your hiding spot won’t be revealed if these are tipped over. Because they WILL be tipped over. 7) You WILL want frequent access to your stash (to add to it, look at it, or (god forbid) take from it)… don’t make access difficult (behind drywall, buried in the yard, need a sledgehammer to get to it, etc.). 8) Unless using a safe, the best spots are in plain sight and LIKELY TO BE OVERLOOKED, or they’re multi-layered (meaning you have to move this, shift that, lift this and open that in order to access your stash). 9) Make sure someone you trust (spouse, financial planner, estate attorney, etc) has a sealed “open in the event of my death” letter describing where your stash is hidden. 10) With the exception of #9 above, NEVER EVER talk about your stash or that it’s in your home. 11) Never use a hiding spot that can be discovered by a contractor doing work in your house or yard. KEEP IN MIND: The average home burglary in the US lasts just 11 minutes! Thieves want a quick hit-and-run.

@stephenbeyer4315 3 ай бұрын

I think another thing worth mentioning is make sure it's not somewhere it might get thrown away. I heard a story where someone stored at least part of their stack in some old paint tins at the back of the shed, and then someone else decided to 'helpfully' clean the shed. Reckon you can work out the rest

@chaicharin 3 ай бұрын

Here in the USA we are so broke we store our precious metals at the local pawn shop and they charge 200%+ interest as a storage fee.

@davidhamtaro 3 ай бұрын

😅

@melbournestacker 3 ай бұрын

😂😂😂😂 I noticed that from pawn shop you tube videos from the states, I saw a guy sell a monster box of eagles for spot…

@slapdat.byteme 3 ай бұрын

@Scott.V.Grube1 3 ай бұрын

I have put my bullion in a safe place, and I cannot remember where that is. 🤣lol

@2B34ever 3 ай бұрын

A. I'd like Bullion Now to provide a bigger delivery cardboard box. thus providing security and safety. B. I like to store said box in a empty dog food bag under the full dogfood bag that is stored in a air tight container. Upon my demise, someone is either emptying that container of all dog food, or someone will be looking for more feed for the dogs. Either way family will discover what's needed for the future. Great non bias info BN crew, Wow! They are cheap storage prices! Have a Great week guy's.

@eman7282 3 ай бұрын

You would like BN to provide you with specific box? If you are asking for boxes, then bullion might not be a suitable or economically viable investment for you. Collect stamps bro

@2B34ever 3 ай бұрын

@@eman7282 Did I forget to mention, that: My Dog's are those dog's that are "known" by everyone in the neighbourhood as the crazy dogs to stay away from? I don't need stamp collecting, and a larger BN Box will be sufficient.

@paulthompson3963 3 ай бұрын

I have a SMSF of my own and my metals are stored at bullion now for peace of mind! Wouldn’t have it any other way! Fees for long term storage are very reasonable and I trust bullion now 100% with my metals 👍

@philiprachtman1217 3 ай бұрын

So BN was essential like the brothels. Its good to know we could take the metals from BN to the brothel during Cvid

@theaustralianconundrum 3 ай бұрын

Good video Matt. Obviously the storage methods do vary dependent on value and or whether one's treasures are simply bullion or a collection of limited mints of coins etc.... That said, this is a very personal past time and there are so many permutations of storage required. I think you covered all bases well however for my case all my silver were either passed on or collected for sentimental or emotional reasons and I don't fit into the 100K+ category of silver spot etc. Either way, I love Bullion Now and your Thompson's channel and it's a truly rewarding endeavor that trumps my stamp collecting craze. All the best and keep these vids coming. 5 stars!

@GonzoJamie 3 ай бұрын

In the plant pot below a rose bush

@Melbournewelder 3 ай бұрын

Thank you great video.

@jamiefrost2091 3 ай бұрын

Great video, Matt👌, regards to you and the BN staff. Btw, my stack is pretty humble, but I do like to look/ play with it at a minutes notice 🎉.

@stephensecombe2027 3 ай бұрын

GREAT advice Matt I'll have to get a BIGGER safe. cheers. stephen.

@send2georgie_S2G 3 ай бұрын

Wonderful informative video on safe storage of PM. Thanks Matt and keep ‘em coming ✌🏻😊

@Dezy92 3 ай бұрын

Great info as usual! Now for some go bag videos please!

@carlostma643 3 ай бұрын

I prefer to hide and spread out my stack to minimise risk. A safe, unless it's a big heavy monster of a safe, to me does more harm than good- simply signalling to burglars where the valuables are. A decoy safe sounds like a great idea, but my stack isn't yet big enough to merit that. I'm planning on hiding in various secure places that only myself and my partner know about until the sheer bulk of the silver gets too much to hide, at which time I'll get a decent safe like a floor safe under a rug and a heavy piece of furniture.

@markwilkins8314 3 ай бұрын

$60 a year sounds like good value

@michaeledwards5545 3 ай бұрын

Up to 10k total value. Then you’d go off 0.6%

@ozguy3667 3 ай бұрын

Great video guys

@mickbradshaw-kc3ec 3 ай бұрын

Under the matteress on the wife’s side😉

@Scott.V.Grube1 3 ай бұрын

🤣

@melbournestacker 3 ай бұрын

I made a similar comment and it got deleted, BN is not in a joking mood

@CoreyGrosvenor 3 ай бұрын

Thanks

@cultureofcurrency 3 ай бұрын

I want a Bullion Now Polo....The one that says Matt....That is the one I want. Matt, I was told that silver over time will always tone...Is this true?? Even if you capsule it and keep it as you have described??!!

@objectivesovereignty 3 ай бұрын

Don't tell anyone but I snuck around your house the other night and hid most of my gold and silver under your garden shed. Shhhh !. LOL

@eman7282 3 ай бұрын

PVC pipe, with both ends capped & glued under the fig tree

@trishmorton2035 Ай бұрын

both ends? how will you count and play with your treasure?

@tredici72 3 ай бұрын

My gold is in a water tight container hidden in my toilet cistern 🚽

@half_a_dozen_mars_bars 3 ай бұрын

Under the bed!

@nathieboy1987 3 ай бұрын

I've seen and heard so many people say over the years that silver is going to the moon.. well... I got sick of waiting, so I strapped mine to a balloon and thought I'd send it there myself to keep it safe. My only problem is that I need a rocket to go and find it 😅

@nathieboy1987 3 ай бұрын

Oh no.. I spoiled the secrecy.. now everyone knows where to look 😭😂

@michaelnewton1406 2 ай бұрын

i dress like i can't afford a second hand cheese burger so people just assume i got no gold or silver

@1HiddenSecret 3 ай бұрын

In a SHTF situation like a war, navel blockade, occupying land forces, civil unrest.... etc... gold and silver might be entirely useless, you better off storing longevity foods that you rotate periodically for fresher versions.... panadols, asprins, tobacco, potable water, pickled foods, as well as knowledge on how to grow foods in your climate and knowing what you can eat or cook from the wild in an emergency such as Madiera Vines that grow wild as an introduced pest in Australia.... having a small amount of gold and silver might be handy for trading only... because after all you cannot eat gold or silver....