jessiejeff

Trading Gold for Silver

Storing 100 oz bars in a bank safe deposit box-
The 3" x 10" x 22" box will store 20 bars and costs around $45 per year. This is about 0.15% of the stored value (at $15 / oz.).
Be sure to get a box location in the vault that is not above your waist. These 20 bars weigh 137 pounds, and you don't want to try to lift them up very far. Two people can make this job easier. I am an average size man (not a weight lifter) and can handle these boxes by my self without difficulty. Smaller boxes are easier to handle, but the cost per bar goes up (sorry- no info on this).
Be sure to get a metal box. A plastic box will break apart when you try to remove it.
Visit you boxes once a year. You don't need to really look at the contents. You want to appear as an active customer on the log sheets.