About Storage
Once you've purchased physical gold, deciding how and where to store it is an important consideration. The right storage solution depends on your individual circumstances, the value of your investment and your own preferences regarding security and accessibility.
Below are some of the most frequently asked questions about storing physical gold.
1. Should I store my gold at home?
Some investors choose to store their gold at home, while others prefer to use a professional vaulting provider. The most appropriate option depends on your personal circumstances and your attitude towards security.
If storing gold at home, you should consider:
- The level of security available.
- Whether your gold is adequately insured.
- Who has access to your property.
- How your gold will be stored discreetly.
Many investors choose the option that provides them with the greatest peace of mind.
2. What is professional vault storage?
Professional vault storage allows investors to store their precious metals in secure specialist facilities designed specifically for high-value assets.
Professional storage may offer:
- Purpose-built secure vaults.
- 24-hour monitored facilities.
- Specialist handling.
- Insurance options.
Many investors choose professional storage for added convenience and security.
3. Is insured storage available?
Yes. Many professional storage providers offer insured storage for precious metals, although the level of cover may vary between providers.
Before choosing a storage provider, you may wish to confirm:
- The level of insurance provided.
- Any exclusions that may apply.
- How your gold is protected.
- Whether additional cover is available.
Understanding the available insurance can help you choose the most suitable storage solution.
4. How secure is professional gold storage?
Professional storage facilities are specifically designed to protect high-value assets and typically incorporate multiple layers of physical and operational security.
Security measures may include:
- Restricted access.
- 24-hour monitoring.
- Specialist vault construction.
- Controlled handling procedures.
Security arrangements vary between providers, so it is worth asking what measures are in place before making a decision.
5. Can I access my stored gold?
Access arrangements vary depending on the storage provider you choose.
Some providers may offer:
- Pre-arranged appointments.
- Collection by request.
- Delivery back to your chosen address.
- Flexible access options.
Your storage provider will explain how access works before your gold is placed into storage.
6. What happens if I move home?
If your circumstances change, your storage arrangements can usually be updated with your chosen provider.
Depending on your storage solution, this may involve:
- Updating your contact details.
- Changing your correspondence address.
- Arranging collection or delivery.
- Reviewing your storage requirements.
If you're unsure what changes are required, your storage provider will be able to guide you through the process.
7. Should I insure my gold?
Whether your gold is stored at home or with a professional provider, it is important to understand what insurance protection is available.
You should consider:
- Whether your existing insurance provides sufficient cover.
- Any policy exclusions.
- The replacement value of your gold.
- How your gold is being stored.
If you're unsure, it may be worth speaking with your insurer before storing your investment.
8. Can Solomon Global help me arrange storage?
While Solomon Global does not provide storage directly, we can introduce clients to reputable third-party storage providers.
Our team can help you understand:
- The storage options available.
- The differences between home and professional storage.
- How professional vaulting works.
- Which solution may be most suitable for your circumstances.
If you'd like to discuss storage after purchasing your gold, simply speak with your dedicated account manager.
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Speak With Your Dedicated Account Manager
Whether you are buying for the first time or expanding an existing portfolio, our team can help you understand your options and decide whether physical gold is suitable for your circumstances.
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