What Is A Good Way To Store Gold Coins?
April 12, 2010 by Bob Livingston
I want my son to get some coins each month, but where can he hide them in an apartment that is not in a safe or lock box that someone can pick up and carry away? What is a good way to store them?
First of all, tell no one that you have gold on the premises. That goes for friends and relatives. Any slip of the tongue can alert a thief to your valuables who would be more diligent in a search than would a burglar who picked your home at random.
After that, there are some simple tricks you can use depending upon the way your apartment is constructed. If there are voids in closets (ceilings or walls) you can buy a small—preferably fireproof—safe and secure it in the void. Be sure the void is covered in such a way that it doesn’t look different from its surroundings. If you have large baseboards you can remove one section and cut a small hole in the drywall and place your gold behind the baseboard, securing the baseboard with just a couple of nails for easy removal. You can purchase a package of frozen vegetables or fruit or a container of ice cream, remove the contents and put your coins in the container and the container in the freezer. Most burglars won’t look there. You can also place a few coins at a time in envelopes and tape them inside your cabinets to the underside of the countertop. If you use a little bit of imagination you can thwart most common thieves.