Precious Metals prices escalate to new highs…Are you buying and are you protected?

Precious metals pricing has risen to record levels in the past six months. Gold was purchased for about $325.00 a troy ounce in 1993. Today it is being sold for about $900.00 an troy ounce. Silver has skyrocketed and was being puchased for about five dollars per troy ounce, in 1993, today it is worth about twenty dollars per troy ounce. The greatest jump has been in the last six months.

With this rise have come the investors who are purchasing gold and silver and putting it away to see if goes even higher. If you are an investor how are you protecting your investment? Do you take it home and put it in a box in the closet?  Or under the bed? And what about those of us who have gold jewelry or grandma’s antique silver serving utensils? All of us are more at risk from someone breaking into our homes and ransacking everything looking for items made out of precious metals, so they can pawn it and get money. 

If you have valuables including precious metals to protect, you should consider a jewelry type safe. These safes are meant to hold your possessions securely in case of an attack. The lock is protected by a re-locker, and some feature a glass trigger feature which when a drill attack is attempted, breaks and locks the safe in the closed position. Others have other type of triggers and they all have some type of protection in between the lock and the door to protect the lock.

The prices quoted above for gold and silver were taken from the following link http://www.infomine.com/investment/historicalcharts/showcharts.asp?c=Gold, these jewelry safes are meant to protect items valued for a great amount of money. So these safes will keep your valuables, as well as your precious metals safe.