Where can I store my gold coins?

There are really only three ways to store your gold—keep it at home, use a bank’s safe deposit box or pay a third-party storage firm. Mike Clark, president and general manager of Diamond State Depository, points out the danger of investors storing gold bullion on their own. “If you lose it, it’s gone,” Clark says.

How should gold coins be stored?

To prevent unnecessary damage, make sure to store your coins in a dry area. Gold coins do best in the dark, so keep them away from both indirect and direct sunlight. If possible, store your coins at room-temperature and avoid wild temperature fluctuations.

Where is gold stored in Canada?

Canada keeps its gold in a vault under the Bank of Canada building in Ottawa. But we don’t have a lot, because the government sold off most of our reserves in the 1980s and 1990s. There are just over three tonnes of it left.

Do Canadian banks buy gold coins?

Yes, you can buy and sell gold coins and bars at the bank, including TD Bank and Scotiabank. TD Precious Metals and Scotiabank Precious Metals both offer convenient access to gold, silver, and platinum.

How do you store gold coins?

Keep your coins away from sunlight, humidity, and extreme temperatures. To prevent unnecessary damage, make sure to store your coins in a dry area. Gold coins do best in the dark, so keep them away from both indirect and direct sunlight. If possible, store your coins at room-temperature and avoid wild temperature fluctuations.

Where is the best place to store gold?

The Caribbean-located Cayman Islands are more than just a renowned international party spot and home to wealthy expats. They are also the best place in the whole of the Western Hemisphere in which to store your gold and other physical precious metals.

What is the best way to store gold?

The easiest and simplest way to store gold is in a safe deposit box at your local bank. If you go this route, use a local bank. You want to be able to get to your gold in an emergency, which is one of the reasons you own it in the first place.

Where to hide gold?

For example, in your yard, you might hide your gold coins directly beneath some metal drainage piping. Or beneath a larger collection of buried metal scrap. In your basement, you could hide your gold within a length of metal piping.