Where to Store Physical Gold - Should You Store It at All?
Investors keep asking us the same question: 'Why buy GOLD tokens if one can buy physical gold instead?' Here is a part of the answer.
The ideal place to store precious metals is somewhere close to you and immediately accessible at any time. This provides an investor with proper control over their assets. The crucial thing to do is to keep the gold safe from potential thieves. The old advice to lock up the gold in a chest and bury it in your garden is still effective (and simple).
However, this easy solution has its drawbacks. Installing a reliable safe box in your home is a great idea, but it costs a lot of money. It can even be worth making and installing it yourself rather than having it done by workers so that nobody knows where your treasure is stored.
It's better to not focus solely on gold bars and coins. Experts advise adding silver coins worth $5-10k. They will take more space than gold or platinum, but silver might serve as emergency money: it's possible that one day silver can again become an accepted form of cash to pay for everyday purchases, especially if the economic crisis keeps getting worse.
The main risk for gold investors is a potential law that would allow the government to confiscate precious metals. History shows that during a currency crisis, the first measure is a set of protective tariffs; next, the authorities start to control the circulation of foreign currencies; and finally, they move to confiscate the gold held in private hands.
Therefore, investors should remember that the government could start confiscating gold at any moment – and plan their actions based on this assumption. Unless you take measures to secure your precious metals, the authorities will have no trouble taking it away. You'll lose access to your assets, and all the efforts you've made to accumulate them over the years will be wasted.
When selecting a place to store precious metals, focus on those countries that don't levy any additional taxes and fees on buying, owning, storing, or selling gold. There should be no inheritance or capital gains tax, either. The country should have a stable government, a robust economy, and laws that favour international investors.
All of the above applies to you if you invest at least $1 million in physical gold and don't plan to sell it for at least a few years. In this case, you can live with the potential risks. But if you are planning to purchase just a few thousands of dollars' worth of gold and want to have a way to sell it quickly, then the easiest solution is to buy GOLD tokens. This will help you avoid all the issues we've described.
Website : https://gold.storage/
Whitepaper: https://gold.storage/wp.pdf
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