Silver bullion typically does not need special treatment when it comes to storing at home. Many people are able to store their silver in a basic hiding place somewhere around their house.
Finding a place in your home to store silver does not need to be complicated. Simple is better, most of the time.
Some common hiding places that people choose may include places where other valuables are stored. Such as the drawer of a nightstand or desk, a bookshelf or a lockbox.
There are many options for storing 1 oz silver rounds at home. One of the easiest option is a plastic storage tube designed to store silver coins and rounds that has the same (or similar) diameters as the coins. These are similar to the plastic coin tubes that are used by the US Mint for silver eagle packaging.
Storage tubes are made from molded plastic that is specifically shaped and sized to fit specific coins and rounds based on their dimensions.
Many of the modern 1 oz silver rounds that are released by private mints are 39 mm in diameter. You can measure the specific silver rounds in your collection to ascertain the specific dimensions. Finding storage tubes that are the right size for your silver rounds is as easy as searching on Amazon or eBay.
Many reputable coin supply vendors sell their products through various online marketplaces to make it easy for collectors and investors to easily locate the items needed to protect your investment.
Plastic coin tubes are also available in rectangular shape that are designed specifically to hold up to twenty 1 oz silver bars. The compact size and shape of these coin tubes make it easy to store up to 20 oz silver in a small amount of space virtually anywhere in your home.
At Home Safe or Lockbox
Over time, many silver investors will look for better, more secure storage for their investment.
Firearms owners may already own a safe to keep firearms secure. It’s a logical and practical choice to store silver alongside of firearms at home.
With most 10 oz silver bars being of a similar size and shape as a deck of playing cards, a couple of them can be neatly stacked alongside boxes of ammo.
Various other options are plentiful for those new to precious metals that may not already have a gun safe at home.
For a secure installation at home, a safe should be mounted to part of the foundation of the house. This is not always possible due to the many variations in construction. Many will, instead, use bolts and mounts to secure the safe to the floor or wall framing.
Some silver stackers may even set up a diversion safe or a honeypot in a spot that would be obvious to thieves looking for a quick score. While keeping the real shiny stashed away in a less obvious location or in a diversion safe of some sort.
Diversion Safes
Diversion safes come in a variety of disguises that look like ordinary household objects. Most often used as a clandestine way of storing herbs and other medicines, these are also a great way for investors to keep their investment secure without having to invest in a large safe.
One of the first things to come to mind for many is the simple soda can safe. They are a basic and simple way to store silver in your refrigerator.
Other options include picture frames, book safes, hanging safes, in-wall safe disguised as an electric outlet. You can find hundreds of simple and effective options for hiding a couple of ounces in plain site.
It is a good idea when storing silver at home to be prepared. It doesn’t take long very long to fill a small safe with shiny metal. So when you are investing in a safe it is a good idea to plan ahead.
After a while, most investors will develop some diversity to their collection that may include a mix of silver bars of different sizes, 1 oz silver rounds and coins.
Ammo cans, either metal or plastic are a good size for storing various size silver bars and coin tubes together. They are strong, durable, air-tight, waterproof, lockable and are easy to keep hidden away.
They’re also portable and easy to grab if you need to pack up in a hurry. However, they’re also easy for a thief to grab unless they are secured.
While ammo cans are a good option in some scenarios, they are still not match for a good safe.
When buying a safe, you should consider your future plans. How much silver do you plan to buy per week? per month? per year? Will you trade silver for gold in the future?
A good home safe can be a significant investment that you don’t want to find yourself repeating every six months to a year.
There are a variety of consumer-grade home safes that can provide adequate protection for most investors that can be suitable for storing up to a few hundred ounces of silver.
