Depositor Vault
This is the most institutional solution. The asset management costs will generally run 0.3%-0.5% per year and includes ironclad insurance, an extremely secure vault location, and formal reports that can make it possible to use the bullion in the vault as collateral.
Within the vault, each depositor’s bullion is separated by serial codes that trace back to a given name, address, and beneficiary. If you’re storing an exceptional amount of bullion or if you simply want the bullion on record for one or more various reasons, this is fairly ideal.
I personally have a depositor vault account, but don’t ever come within a country mile of disclosing in what state, how, or what percentage of bullion I don’t store in a vault.
IRA (which uses depositor vaults as well)
Want to take a portion of your retirement account (IRA) and put it into ounces of bullion? This is not only possible, but the tax benefits and organizational strategy remains. Having a SEP IRA that invests in silver is in my opinion about the best way someone can invest money over the next 5-10 years. It’s just using a depositor vault account with the label and benefits of an IRA.
Bury It and Keep it a Secret with Heirs
I’m not going to go into too great of detail of how to do this or how many people actually do it…but use your imagination and think “X marks the spot” just like the way pirates stored loot. This has the added bonus of keeping the assets entirely out of anyone’s name and essentially making them stealth assets. Even more stealthy than cryptocurrency when you really do the math.
Looking for more traditional and analytical investment advice? Check out TheSpanoGroup.com which is an investment fiduciary and subject to much more stringent levels of objectivity and transparency than other financial operations.