This new depository not only enhances the security options available for precious metals storage in the Western United States but also brings additional employment opportunities to the Treasure Valley area. The opening of this depository reflects the growing demand for physical precious metals, driven by concerns over currency debasement and economic uncertainty.
When buying a home safe for precious metals, it’s important to understand that a safe is just one layer of protection that should be part of an overall security plan.
New investors often have questions about storing precious at home. While storing silver bullion at home in very common and gives you immediate access, it does comes with risks such as theft or loss in a disaster.
For those who have difficulty saving money, adopting the practice of using precious metals can provide you with the discipline needed to build a larger savings. While bullion can be sold fairly easily, it may take more time than transferring money from a savings account.
Bullion is a physical asset that you can hold in your hand with no counter-party risk. Once you own bullion, you don’t depend on anyone else’s ability to pay, as you do with a bank savings account.
Interest rates and the price of gold often have an inverse relationship. Low interest rates don’t keep pace with inflation and the opportunity cost of holding gold bars is more attractive as a savings vehicle.
Gold $1867.90 Silver $23.72 Platinum $1046.30 Gold/Silver Ratio 78.75 Confidence in the stock market continues to wane amid concerns over escalating issues involving Ukraine and inflation taking hold in the US economy. Oil and other commodity prices have risen sharply this week. Many people struggle to save money under normal circumstances. The pandemic has brought a tremendous amount … Read moreInflation & Other Issues Begin to Pile Up on the Economy
How do I store silver rounds? Is one of the most frequently asked question that comes up from new investors, coin collectors and silver stackers. The simple answer is to use plastic storage tubes that are specifically made for holding silver rounds and silver coins. Several manufacturers produce popular plastic silver round storage tubes in … Read moreWhat is the best way to store my silver rounds?