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#Gold #silver #money In uncertain times, many people turn to investing in gold and silver as a way to protect their wealth. While owning physical precious metals can provide a sense of security, it's important to also consider the safety aspect of storing them at home. In this video, we'll be discussing the pros and cons of owning gold and silver and having it at home, as well as highlighting the solution of having a safety deposit box. Firstly, let's talk about the safety concerns of storing precious metals at home. While it's certainly possible to keep your gold and silver in a safe or other secure location, there's always the risk of theft or damage from fire or natural disasters. Additionally, if you ever need to access your metals quickly, you may not have the key or combination on hand, which could cause further complications. One solution to these concerns is to rent a safety deposit box at a bank or other secure location. A safety deposit box offers a highly secure and private location to store your precious metals, as well as other important documents and valuables. You can access your box during bank hours, and the contents are protected by the bank's security measures, such as cameras and alarms. However, there are also some potential downsides to having a safety deposit box. Firstly, there is a cost associated with renting a box, which can vary depending on the size and location. Additionally, if the bank were to fail or go bankrupt, there is a chance that you may not be able to access your box for some time, or that the contents could be seized by the government. Overall, the decision of whether to store your gold and silver at home or in a safety deposit box will depend on your individual circumstances and preferences. However, it's important to consider the potential risks and benefits of each option carefully before making a decision. In conclusion, owning gold and silver can be a great way to protect your wealth, but it's important to consider the safety aspect of storing them at home. Renting a safety deposit box can provide a highly secure and private location to store your precious metals, but it's important to weigh the costs and potential risks before making a decision. If you would like to support my channel please check out our shop page for all our hand poured silver. https://backyardbullion.com/product-c... Join the channel and show your support by becoming a BYB Rambling society member today! https://www.youtube.com/backyardbulli... If you would like to support our channel please consider purchasing our T-shirts please visit this link: https://teespring.com/en-GB/new-byb-h... or have a look at our website: https://backyardbullion.com/product-c... Stay safe, stay healthy all. Thanks also to the channel sponsor The Silver Forum! http://thesilverforum.com/ A 4k Camera & close ups of coins! What more can you want!? What do you think? Comment below! Comments welcome below or email me at byb@backyardbullion.com Follow me on Instagram: @ BackyardBullion www.instagram.com/backyardbullion Thanks for watching and I will see you next time! Topics covered in this video: gold, silver, safety, security, storage, home, safety deposit box, bank, theft, fire, natural disasters, access, private, documents, valuables, cost, risks, benefits, decision, uncertainty, wealth, investment, physical, metal, precious, sense of security, government, bankruptcy, individual circumstances, preferences, cameras, alarms, potential downsides, potential risks, potential benefits, potential complications, highly secure.