Since the start of lockdown, precious metal investors have increased by a whopping 430% and has increased in value by 24%, but with it becoming more accessible, what is the best way to keep gold safe?
We’ve put together our top three recommendations for safes to store your precious metals.
Each safe has a cash and valuables rating. The cash rating is multiplied by 10 to give the valuables rating. For example: £1,000 cash is a £10,000 valuables rating. The valuables rating will be most important when storing precious metals, especially as they increase in worth:
Best Deal
The Phoenix Venus Safes
Price: Start from £411
There are four sizes which can have either key locking or electronic options. These safes come with a £60,000 valuables rating and are insurance approved. Plus, they are Eurograde tested, meaning they can store anything of high value. The shelves can be removed to store more items and a simple fixing kit is included.
High Security
The De Raat DRS Prisma Grade 2 Safes
Price: Start from £1032
Again, there are four sizes to choose from with key and electronic locking options. The De Raat DRS Prisma Grade 2 safes have a larger valuables rating of £175,000 for those with more precious metals to store, as well as being insurance approved. The one height adjustable shelf can be moved with ease and the safe must be secured to the floor.
Max Security
The Phoenix Cosmos Safes
Price: Starts from £4222.80
For further peace of mind, the dual locking, double key or key and keypad controlled safe has a double walled steel body and door with anti-drill protection. Available in five different sizes, theses safes have a £1,000,000 valuables rating, are security approved and have a 30-minute fire rating.
All safes must be correctly installed to a solid concrete or brick surface in order to satisfy the insurance requirements. The safe will be heavy without any contents, then when adding more precious metals the weight load will increase dramatically, but even with the additional weight it has to be bolted down to the ground floor for security.
