A common question for the new gold and silver investor is where to store their physical gold and silver. I would be hesistant to suggest holding your precious metals with a dealer or even a bank - rather, I'd suggest storing your gold and silver right at home in a safe or vault. This is the probably the easiest and one of the most cost-effective ways you can store your gold and silver.
When buying a safe, you must keep in mind just how much gold and silver, and other belongings you are looking to hold. Obviously, the more stuff you want to hold, the biggest the safe you will need.
Stack-on PDS 500 Drawer Safe With Electronic Lock - For just $39 you can get this safe off of Amazon. The safe weighs rougly 12.8 lbs, and is 11.75 by 8.63 inches. This safe has gotten great reviews, with customers giving it 4 1/2 out of 5 stars. This safe looks ideal if you are storing anywhere from 20-100 coins.
SentrySafe DS3410 Black Fire-Safe 1.2-Cubic Foot Combination Safe - $149.99 and MUCH bigger in size. Exterior dimensions are listed as 17-27/32 inches by 16-11/32 inches by 19-5/16 inches. It weighs 99 lbs! This would be ideal for someone who not only wants to store their physical gold and silver, but maybe other personal items.
SentrySafe H2300 0.36 Cubic Foot Fire-Safe Waterproof Chest - The number one seller on Amazon in the safe category. It provides protection from both fire and water, and features a "continuous 360 degree jamb and waterproof seal completely insulates the interior from the threatCredit: Amazon.com of water invasion."
Fire protection includes UL classified fire endurance for 1/2 hour as well as ETL verification for 30 minutes of fire protection of CDs, DVDs, USB drives, and memory sticks, and up to 1550 degree Fahrenheit. A full-time spring latch seals the unit even when it is unlocked.Get this safe for only $45.95. Rated 41/2 stars out of 5.
Credit: Amazon.comCredit: Amazon.com