Edward Jones Investments When one decides to buy and take possession of physical silver and Gold ira rollover bullion (coins, bars, and/or rounds), Where to buy precious metals the question arises of where to take delivery and how to safely hold the items for the long term.

Silver is one of the precious metals second in popularity from gold price. The ancient men used it as money. By and by other uses came up such as making clothing, American silver eagle , jewelry, electrical appliances wood preservatives, Silver spot price , Silver price per ounce , Gold and silver prices today and water and food purification. Before we begin brainstorming on creative hiding places for valuables, let us take into account the following 6 rules to follow when planning about how to safeguard your important items:

Rule #1 ➜ SHUT UP

It is very important to maintain discretion by keeping one’s holdings as private as possible. This means to either never acknowledge and/or only disclose hidden valuables to the most trusted loved one(s).

Rule #2 ➜ LIMIT KNOWLEDGE

Historically, the biggest threat to your bullion stash is not some rogue government or military. The biggest threat to your most valuable possessions is potentially your neighbour, housecleaner, gardener, rebellious child, angry spouse, and fills in the blank.

Rule #3 ➜ PRESERVATION via DIVERSIFICATION

Diversifying your physical storage locations may make sense, depending on the size of your bullion stack. If one has a substantial amount of bullion holdings, it may make sense to mix up locations of where and how the metals are held, whether that be multiple hidden locations within the same domicile or spread internationally amongst various countries and geopolitical arenas.

Rule #4 ➜ NEVER UNDERESTIMATE

Never trivialize a thief’s drive to find your stash through the use of coercion or even outright violence. Be prepared to even acquiesce a small portion of your valuables to save your life and/ or the life of a loved one.

Rule #5 ➜ DIVERSION INSURANCE

The use of multiple diversion stashes may be very handy to bullion stackers. For example, the use of a cheap obvious safe stacked with clad bullion copies and/or a small stack of bullion you’d be willing to lose in the case of home invasion may come in handy.

Rule #6 ➜ UNSAFE BANK DEPOSIT BOXES

A major mistake many beginning bullion buyers make is to store their physical bullion inside a bank’s supposed safe deposit boxes. The reason this is an unsound decision is multifaceted.