Gold Is Our Safe-Haven

What do you do with your pearl jewelry when you take it off? Do you know the proper storage steps to take? Part of taking care of pearls is knowing how and where to store them. When sea gems are cared for properly it shows.

In order to protect all your precious possessions, it is important for you to plan where to locate your wall safe. What you need to do is to identify the safe location at your home carefully. It can be in a closet or behind the door. You just need to make sure that the location you choose is able to avoid attention from people.

Put your cell phone on ICE! Add a contact to your cell phone and name it: In Case of Emergency. Then list whom you would want to be contacted in the case you ended up in the hospital. Hospitals are now checking cell phones for emergency contacts.

But the contents of a watch safe box are rarely insured, while items in your home are typically covered by your homeowner’s or renter’s insurance policy.

When buying gold don’t be afraid to check the seller’s credentials. Ask him or her for references. Take your time and don’t rush into buying. If the seller is bonafide they won’t mind answering questions or giving you a reference. If the seller is in a hurry or refuses to give yo u reference then chances are you do not want to do business with them. Thank them for their time and find another seller.

Those are the basic documents you should keep… a lot of people also keep copies of credit cards (both front and back photocopied) and passport photocopies for yourself and all your family members. Another good idea is to keep pictures of all the major asset you own, including your house and your boats and RVs, and things of this nature. Keeping pictures of these things is important if you ever need to make an insurance claim of any kind.

Another benefit is a return on your investment. Depending on the term of your certificate of deposit, the bank pays you interest. The interest is commonly expressed as the APY (annual percentage yield). If you invest $100,000 and the bank is paying you 3.00% APY for a 1-year CD it is easy to calculate your earnings. Another hidden benefit of CDs, it isn’t tough to figure out what you will earn. You simply take the $100,000 times 0.03, and you’ll earn $3000. There are lots of places on the internet that have on-line calculators as well. If you open up a 5-year CD, you basically multiply the 1-year earnings times five. Another hidden benefit is the power of compounding. With the above example you would actually earn closer to $16,000.

The scam begins with a con man posing as a broker. He convinces the asset owners to issue a SKR and give him the power of attorney. He may also suggest that the owner get another safe keeping receipt on the original receipt. This does absolutely nothing but give the asset owner a false sense of security. The “broker” now has complete access to the asset, whatever it is. The theory is that he is to only access it for investment purposes, but as he is dishonest, this is likely not the case. To avoid a situation like this, check out a new broker thoroughly using every resource available. For more information on investing in investment opportunities usually or normally not found in the marketplace, click here!

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