Places Where You Can Secure Your Gold


Gold has always been a stable way to build up your investments. Gold is not subject to the usual volatilities as much as the other types of markets. It is not subject to forces of monetary fluctuations. That is because gold’s value is recognized throughout the world. It has nothing to do with how the economy is doing or what the inflation is. Gold has been rising in value over the decades, and it is continuing to do so. Because of this, more and more people are choosing to purchase gold to own for themselves as a safeguard against an adverse market. It is one thing to buy gold to own, but once it is purchased, how should you keep it? You want the most secure way to safeguard your investment. Here are some options that you can consider.

If you have some gold coins or bullion, one place that is the most convenient would be your own home. The advantage is that you can get to your gold at any time when you feel like it. The challenge is to figure out where is the safest place in your house to keep this. One way is to purchase a reliable fireproof safe that can be bolted down to the floor. This safe should be hidden away in a place where it is not in plain sight of any visitors in your house. Another place would be a wall safe. You can have this installed on your wall, then cover the wall with framed artwork. One old-fashioned way is to bury it in your yard. You will need to put your gold in a water-tight container and hide it in a spot where it is not likely to be dug up by animals. Just be sure you remember where you buried it.

Another approach is to keep your gold in your bank’s safe deposit box. You need to pay an annual fee for this. Your access will be subjected the bank’s open hours. If you choose this way, make sure that you are confident about the bank’s solvency. If the bank goes bankrupt suddenly, you might have a hard time getting out your gold. Also, your safe deposit box can be subject to searches by the Feds if they had just cause and had the proper subpoena.

You can open a gold IRA and deposit your gold there. There are IRA custodians who can help you do that. Your custodian will keep your gold for you, so you will not have physical access to it.

If you want your gold to be held outside of the U.S., there are foreign security vaults overseas that can store your gold for you. These are private companies that are not financial institutions, so this would not count as a foreign account on your taxes. There are reputable international security vaults that you can look into.

If you own a good quantity of physical gold, you might want to divide that and not store everything in one place. For example, if you choose to keep it at different security vaults, find out the two most reputable ones and keep half of your gold in each one. That is one way to spread the risk.

How and where to secure your gold is a personal choice. It depends on how comfortable you are with each option. Whichever approach you choose, make sure that you do all of your research and take all of the necessary security precautions associated with that choice. If you secure your gold properly, you can have peace of mind that it will always be there for you when you need it.

Bookkeeper or Accountant?

What are the key differences and which do you need for your business

Business owners normally realise that they require some sort of financial assistance and support when either; the kitchen table is no longer visible due to receipts, invoices and paperwork (!) OR they are receiving demands for payment or information from government agencies such as Companies House or HM Revenue and Customs.



A bookkeeper will help to process all of your business paperwork, they will; input all of your invoices and receipts, reconcile your bank account(s) (a financial term for accounting for all of your bank incomings and outgoings) and organise your paperwork in an acceptable way.

They will record, administer and organise your business paperwork very effectively, IF, you choose a really good one.

A really important point to mention here is that very often, even if your bookkeeper has done a fantastic job, there is a very high chance that you will still require an accountant at this point.

An accountant will take the information that has been completed by a bookkeeper and take it to “the next level” by preparing your; business accounts or financial statements, business and personal tax calculations (ensuring that you are minimising your tax liability as much as is legally possible).

A great accountant can be worth their “weight in gold” to business and company owners, in addition to ensuring that all of the businesses statutory returns (mentioned above) have been submitted and completed, they will help you to grow and develop your business, by assisting with some of the following;

  1. Getting your business access to finance and funding to enable you to purchase machinery and equipment for your business.
  2. Helping business owners and directors obtain personal mortgages for themselves.
  1. Be a “sounding board” or “business buddy” who listens to your ambitions and ideas and gives honest opinions and feedback in return.
  2. Monitoring your cash flow to help ensure that your business doesn’t run out of funds.

And much, much more.

To put it bluntly… under no illusion; bookkeepers and accountants are NOT the same, they can work together, very well for the benefit of your business, but, they will not do the same job for you and your business.

Why people don’t get an accountant when they really should……

Most business owners don’t engage with an accountants early enough due to three common reasons;

  1. Business owners are worried about how much an accountant will charge them.
  2. Business owners attempt to do their own bookkeeping and accounts, which is difficult and also takes a huge amount of time.
  • Business owners are worried, or scared about meeting with an accountant in case they are made to feel silly or stupid.

As a result of the above, any many other reasons, a great deal of business owners only engage with an accountant when it’s too late, when something has gone wrong – a good comparison might be; only visiting the dentist when you know your tooth has already decayed away (!) – The damage has been done, and it’s going to be expensive to fix!

When looking for an accountant, try not to think about accountancy fees as an overhead or cost – but actually as an investment, as a really good accountant will save you a lot more money in tax, interest, penalties and fines that they charge in accountancy fees.


At FD Analytical all of our fees are discussed and agreed in advance with our clients AND clients have the choice as to whether they pay their fees monthly or in one “lump sum” at the end of each year.

We support a large number of small and medium sized business and have done so over a period of almost 16 years, as a result there aren’t too many situations that we haven’t encountered – so, no matter how bad , late or serious your position is, we can help you to fix it.

We’re a really friendly, approachable firm of accountants, we guarantee that you will be welcomed into our offices with a coffee (and even a biscuit on a good day!) and you will most definitely not be made to feel silly, incompetent or stupid – that’s just not how we are.