In our previous SPOTLIGHT, we talked about the safest place to store your gold and listed the advantages and disadvantages of each storage method to help you make your choice.

And while we recommend you store your precious metals in a secure vault, we know that some gold investors prefer to keep them at home. However, there are several things you have to be aware of if you choose home storage.

Let’s look at some of the most popular hiding places you most likely have in your house to see if they’re safe enough to store your precious metals.

How can you keep gold at home safe?

Very often, your personal situation can open up all sorts of creative places for storing your precious metals.

How you keep your gold and silver protected will depend on the type of metals you own, your personal needs, and where you live.

If you live in an apartment or a remote area, some storage methods may not be available to you. Or you might simply want to always keep your physical gold close at hand.

But, before exploring all the hidden spots in and around your home, you should consider a few safety measures if you want to keep your gold and silver savings well-protected.

Protect your gold from damage

Due to gold’s malleability and silver’s tendency to tarnish, it’s recommended to keep your precious metals in dry and fire-proof places.

Compared with third-party storage (a.k.a safe deposit boxes and secure vaults), precious metals are likely to be more exposed to damage if stored uncarefully at home. Just imagine the horror of your silver bars getting damaged in the rain when kept unprotected in your garage!