The first step in safeguarding your gold assets is to make sure that you find the best gold custodians in the business. Not all custodians are created equal. If you don’t take the time to research your options, you may find yourself in for a rude awakening! You want to only deal with the most reputable companies, and the easiest way to do this is to ask for referrals. How many people have you told about the outstanding service of a gold vault that you’re thinking of hiring?
The second step in finding the right gold custodians is to find one that will work with you as a registered member. Many institutions that offer this type of financial service are actually gold depository institutions, and not treasury banks that hold or collect coins and bullion as assets. When you sign up for such an account, you will be given a gold vault facility to keep your assets. Many depository institutions will allow you to buy gold as “bars,” “rounds” or “warets” – whichever you prefer. This means that you’ll be able to use a physical asset form of investment at any time, rather than relying on paper trading accounts.
The most important aspect of any financial institution offering this type of financial service is customer service. You want to choose one that makes dealings with you and your assets easy, intuitive and stress-free. If you don’t feel comfortable using your bank to store your precious metals, you should strongly consider using a local gold custodians. If they have a friendly staff and are willing to answer any questions you might have, it’s a great way to shop around for a vault that can provide you with the ultimate safety and security.