Precious Metals Insurance
Unlike other assets, such as real estate, bonds, cash and more, precious metals have very limited counter party risks. In other words, neither party involved in the transaction of buying and selling precious metals will default on their contractual obligation. With that in mind, insuring gold, silver and other forms of precious metals would benefit from the right kind of insurance to help protect the value of the items owned. The biggest risk in bullion ownership, in relation to taking physical ownership of the precious metals, is potential theft by family, friends or acquaintances, or burglary.
It is not uncommon for investors and collectors of precious metals to investigate some form of insurance to help protect their bullion. This can be done whether the items are stored at home, in a bank safe deposit box, vault or a precious metals depository.
Whether precious metals are handed down from one generation to the next or are purchased from a reputable dealer, such as Metals.com, bullion owners have several options at their disposal when it comes to insuring their valuable metals.