How To Hide Your Gold Bullion Coins and Valuables

Home >> Why Hide Your Gold Coins and Valuables?

Author: Gold Why Webmaster
Date: January, 2008

Security
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So you've decided to invest in gold and silver bullion coins. With gold currently trading well above $900 per ounce, this is a great move. My top suggestion is to store your gold collection in your safe deposit box. Safe deposit boxes are safe and secure and allow you to sleep at night. You already have so much value in your house including your computer, electronics, clothing, furniture, and so much more. Why not diversify your risk and keep your gold assets safely in the bank vault?

Still Want To Keep Coins At Home?

So you've read my advice but still want to keep your coins at home? One final suggestion: Why not keep a very small percentage of your gold coins at home but store the majority in your safe deposit box? This will give you the best of both worlds. You will have some bullion on hand in case you need quick access to it and also can sleep well at night knowing your fortune is protected. There are a few benefits to this hybrid model:

I believe gold coins are good luck. Keeping a small number of coins on hand will likely bring you some good fortune.

What if there is an emergency and you can't get to the bank or the bank is closed? Keeping a few coins at home is great insurance.

What if there is another gold confiscation like in 1933? It would be terrible to see your safe deposit box confiscated and lose all of your hard earned gold.

While I think the pros of keeping all your gold in a safe deposit box outweigh the above three cons, the remainder of this article is devoted to clever ways to safely hide your gold coins at home. Moreover, these tips are not only for gold coins but also for your cash, jewelry, silver coins, and other valuables.

Hide Your Gold Through Diversification

Let's say you've decided to store a handful of gold coins at home. A great way to mitigate the risk of theft is to diversify where you store the coins. Don't place them all in the same hiding spot. Rather, spread them around. A thief is a lot less likely to find all of your coins if they are hidden in multiple locations. In the unfortunate event of a robbery, you will most likely only lose some (or even none) of your coins if they are well hidden in a diversified manner.

Assume A Potential Thief Will Have A Metal Detector

Thieves are smart these days and you need to outsmart them if you want to keep your gold. Assume that thieves have metal detectors. They will leverage these metal detectors to find your gold stash. The solution: Hide your gold in a place that would already set off a metal detector. For example, perhaps you could store your coins in the kitchen drawer near your metal silverware but hidden under a towel or taped against the top of the drawer. The thief would not see your coin and would assume the silverware set off the detector. Or, hide your gold in the middle of your can of pocket change. Thieves are not likely to sort through your change jar and are looking for higher ticket items.

Your House Extends To Your Car and Your Person

In the spirit of diversification, why not store some of your coins in your car or on your person? That way if your home is robbed, you will mitigate the downside. Moreover, gold coins are good luck and are more likely to pass along their good fortune if they stay close to you at all times. This is one reason to always keep a gold coin in your pocket, briefcase, or purse. If you are going to the carwash or the car dealership for a service, always remember to remove your gold coins from your auto.

Hide Your Gold By Thinking Outside The Box

The key to hiding your gold coins is to think outside the box. Again, thieves are smart and know all the cliche hiding strategies such as in the freezer and fireplace. Basically, any specific strategy you have read on the Internet is probably worthless because it is already out there. That is one of the reasons I am giving few specific examples in this article and trying to keep things high level. Use your intelligence. I'll assist this general discussion with one more specific example to help spark some creativity: Bury a gold coin or two in the soil of your favorite plant on your balcony. Gold is very resistant to the elements and will do just fine in some soil that gets water. Would a thief ever think to go on your balcony and dig through dirt? Probably not.

Tell Nobody About Your Gold

If you never get robbed, you never have to worry about hiding your coins well. Gold is an exciting topic and it's ok to talk about it in general. However, there are a lot of people out there who want your money. Keep quiet about your gold bullion coins and you will not have to worry as much. Start telling your friends and word will spread that you have a gold hoard. This only invites trouble. As a closing thought, life is all about diversifying away risk. In your general gold storage strategy, think about how you want to diversify.