The Real Cost of Owning Gold

By Lewis Braham - 2013-04-17T21:48:26Z

Photograph by Getty Images

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Storing Gold

If you want to store your gold in a vault, it will typically cost from 0.5 percent to 1 percent of the gold's value per year. Storage costs include insurance, in case the gold is stolen or lost. You can also put your gold in a bank safe deposit box, although it won't be insured because this is considered separate from your bank account. If the bank goes bust, it may take some time to extract your gold from behind locked doors. Safe deposit boxes vary in cost, according to size, and can even come free with some bank accounts.

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