Buying gold bullion is for its unique value more than its look and not affected by any damage. Still, as with any gold coin, you can find it with imperfections all because of handling. Still, the important thing is to avoid damage where possible as it can affect the resale value.
HANDLING YOUR GOLD BULLION
The best way to protect gold bars or coins is to not handle them at all unless you really need to. Still, we realize that you want to admire your investment and understandable. As gold is soft, you want to prevent damage when placing them on hard surfaces and handling it.
So, place a clean, soft cloth or towel on the surface, placing the gold and floor if it falls.
Then, put on lint-free cotton gloves handling your precious metal. If you prefer not to wear gloves, make sure your hands are clean using a sanitizer to remove the oil that could cause decay.
When handling gold coins, pick them up at the edges to prevent damaging the mint surface.
CLEANING YOUR GOLD BULLION
Gold bullion does not need cleaning as it can damage the mint finish. As gold does not crumble or discolor, it remains bright forever. Still, do not store your gold and silver or other tarnished metal together; it can lead to damage.
Keep your precious metal in capsules or airtight containers to keep them protected for storage.
STORING GOLD BULLION
An essential part of keeping your gold safe is to find a suitable place to store it. There are options available to choose from. The first option is to store your bullion at home in a safe. Doing this provides you with access to it when needed.
Still, it is up to you to keep your investment protected from theft. Also, consider your home insurance premium and how it affects the payment. If not covered by regular home insurance, you might need to take out a particular policy.
If you decide to store your gold bullion at home safely, consider the size as it needs to be big enough to hold your gold coins or bars. Preferably, it should not be freestanding. Look at the location that is not too noticeable and keep it away from damp.
Do not tell anyone you are storing gold at your home for security reasons. Alternatively, you can keep your precious metal with a third party in a vault. Still, check out concerns with security and protection against contamination.
Find out if, you have access to your gold when needed and if they can keep possession of your gold types.
STORING GOLD WITH A BULLION DEALER
When you buy precious metals from a bullion dealer, you can take possession of your gold having it delivered to you. Yet, you also have the option of storing it at the dealer, providing you with a confidential and secure bullion storage service.
Bullion dealers have guarded and trained security available 24/7 throughout the year.