The Dos and Don’ts of Storing Silver Bullion in a Wall Safe

​Although there are multiple ways of storing silver bullion, using a wall safe inside your home is a popular choice for many investors. Just like any storage option, however, using a wall safe to store your silver bullion has positive and negative points. If you’re wondering “where can I store precious metals like my silver bullion,” read on for the dos and don’ts of using a wall safe.

Where Can I Store Precious Metals Like Silver Bullion
Investing in silver bullion leaves you with a physical asset to store and protect, making the question of “where can I store precious metals” very important. Many people keep this valuable investment at home. Although this can present security risks, precautions can be taken to make your home a safe haven for your silver bullion investment.

Below is a video of an example of one of the many Wall Safes you can invest in:



​When to Use a Wall Safe
A wall safe is a common choice for storing silver bullion. However, it is a good idea to diversify your silver bullion storage, similar to diversifying your investment portfolio. If something happens to the silver bullion stored in any one location, you will have other stashes hidden elsewhere and won’t lose your entire investment.

Choosing a Wall Safe
A wall safe should be bolted in and hidden well enough to prevent a thief from taking off with the whole safe. It should also be fireproof. A good idea is to have a different, more obvious safe that would deter any thieves from continuing their search, but have this safe hold little that’s truly valuable. When answering the question of “where can I store precious metals,” choose a wall safe for smaller amounts of silver bullion, or multiple safes in various locations for a larger cache.

When Not to Use a Wall Safe for Silver Bullion
If you own a large amount of silver bullion, whether it’s in the form of silver coins or bars, you should ideally not keep such a large cache in a single wall safe. Ideally, when asking yourself “where can I store precious metals in large amounts,” you’ll select more than one hiding place. If you want to keep all of your silver bullion at home, divide it up. Use a wall safe for some and then get creative with other hiding spots.

Hiding Silver in Plain Sight
A diversion safe usually resembles an innocuous object, like a can of shaving cream or a flower pot, and is designed to be hidden in the open. When wondering “where can I store precious metals away from prying eyes,” diversion safes are a creative solution and a great partner to the wall safe. Be sure that each of your storage locations is known to at least one trusted person so that if anything happens to you, your silver will not be lost.



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