What Is the Best Way to Securely Store Jewelry and Gold and Platinum Scrap in Your Home?

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Apr 24

Hiding your jewelry and valuables in a place that is not secure, such as a dresser drawer or jewelry box, may not provide sufficient protection. Burglars often target these areas first because they know that jewelry is commonly kept there.

If you do choose to hide your jewelry in your home, make sure the hiding place is not easily discoverable. For example, do not hide your jewelry in a typical hiding spot like a sock drawer or under your mattress. Instead, consider a more creative hiding spot that is not as obvious.

Here are a few options for storing valuables in your home:

Safes - A home safe is a great option for storing valuables such as cash, jewelry, and important documents. Safes can be fireproof and waterproof, which provides an extra layer of protection. Make sure you bolt the safe to the floor or wall so that it cannot be easily carried away.
Hidden compartments to protect your valuables from theft - You can create hidden compartments in your home to store valuables. These can be behind a false wall, under a floorboard, or in a hollowed-out book. This option is best for small items that can be easily hidden. Bear in mind, however, that such storage options generally will not protect valuables if there is a fire in your home.

Protect Your Valuables with a Modern Alarm System

There are several types of alarms that you can install in your home for added security. The best type of alarm for your home will depend on your specific needs and budget. Here are some options to consider:

Basic burglar alarms - These alarms are designed to detect unauthorized entry into your home. They can be set to trigger an audible alarm, or to notify you and/or a monitoring service that there has been a break-in. Burglar alarms can be wired or wireless and can range from basic to advanced systems that include features such as motion sensors and remote access.
Smart home security systems - Smart home security systems allow you to monitor and control your home security from apps that you have installed on your smartphone or other device. They can include features such as video monitoring, remote access, and integration with other smart home devices.
Smart alarms that offer extra protection for specific zones - Consider using a smart alarm system that provides an extra perimeter of protection for the room or other area where you store your jewelry and precious metal scrap. You can add this extra protection without having your alarm cost much more than a basic system.

Consider Moving Your Jewelry and Other Valuables to a Bank Security Deposit Box

Ultimately, the best way to protect your jewelry and small amounts of gold and platinum scrap is to store it outside your home in a bank safety deposit box.

These boxes are typically fireproof and secured in a vault. You will have to pay a monthly fee for the box. But bear in mind that the cost may be worth it because of the extra security this form of storage offers.

Another benefit? When you let your family members know the location of a safety deposit box, they will be able to easily locate your valuables if you become ill or otherwise unable to monitor the valuables you own. That extra assurance and security can make a bank safety deposit box a smart choice for storing your gold scrap, platinum scrap, and valuables.