In an age when market investments and other abstract sources of wealth and income predominantly exist, material assets have taken a backseat in many peoples’ minds. But historically there has perhaps been no greater an investment than real world valuables and goods. Unfortunately in modern times, the ability to hold and maintain such a form of wealth has become increasingly difficult to do due to lowered emphasis on it as a financial strategy and the lack of know-how on the part of ordinary folks when it comes to keeping such assets from remaining valuable. With that said, it’s far from impossible. Just consider the following four ways ordinary folks can successfully store their bulky material assets:
Vault Deposit: The traditional way to store cold-hard valuables such as jewelry and gold, the decreasing prevalence of these forms of assets has forced banks with vaults to look for other ways to use up their space. Objects such as antique furniture and valuable paintings are increasingly being welcomed into these insured spaces in exchange for the fee of storage.
Self-Storage: For valuable items too big for a bank vault, self-storage is the next best option. This is also a great choice for those who desire around-the-clock access to their assets. While selecting big city locations such as New York storage facilities is ideal for security purposes, most every storage center is tightly monitored and climate controlled.
Put to Some Use: There’s no problem with simply putting that century-old Tiffany lamp to good use in your home where you can keep an eye on it. If you have a strong alarm system and your item is bulky, such a arrangement is as secure as any. The obvious risk is of course damage caused by rambunctious kids, flood, or fire.
Loaned for Display: If you own precious antiques or some other form of culturally significant items, a great option would be to loan these items for museum display or art gallery purposes. Insurance agreements for such situations are typically iron-clad, and you can always count on your valuables being there at the end. In addition, the item’s existence as a former museum piece adds value.
Material investments are an unlikely choice in the age of stock options, but they remain one of the most assured of ways to secure wealth via ownership. If you have material assets and have no idea what to do with them, consider the aforementioned ways to hold and maintain your goods. At a time when more paper-based forms of wealth seem to not be as safe as they once were, valuable materials are an alternative option worth looking into.
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