Nothing will make you feel more like an aristocrat than buying gold coins, and for good reason. Members of royal families from around the world have long invested their wealth in gold in order to shelter their savings. However, if you’re not royalty and don’t instinctively know what to do with your first gold purchase, then read on.
Buying gold coins has been a wise investment decision for many investors, particularly during dark and uncertain times. The recommended amount to invest in depends upon the individual, but most gold investors have around twenty percent of their fortune in gold. However, this is an entirely personal choice and depends upon your relative pessimism about the future of the economy and world, or whether you think shortages of gold are likely. Think supply and demand.
After buying gold coins, some investors just hide their gold in the original packaging in secret locations around their house. (By keeping the gold in good packaging, you can prevent the soft metal from getting marred.) Gold coins are small and can be hidden almost anywhere. The key is not telling people about your gold coins – this invites trouble. Even if you tell one trusty person about your hidden stores, that person may be unable to keep secrets.
Others prefer to store the gold coins in a safe or at the bank. Be aware that home safes can be stolen by most thieves, so your coins won’t necessarily be secure there. A safe deposit box at a bank brings the most peace of mind for those who have a growing number of bullion coins. Some investors keep a few coins at home but the rest at the bank – the choice is yours. Just be completely discreet and private about the matter.