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.
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.
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 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.
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:
However you choose to store your Precious Metals, remember to consider space and security.