By Bitsobull 
Storage in Singapore – what collectors should pay attention to
For high-value gold coins, secure, controlled, and well- documented storage is essential. In Singapore, both bank safe deposit boxes and private high-security vaults are available. The right solution depends on your security, access, and documentation requirements. Below you’ll find practical criteria for your own evaluation. We do not provide advice or recommend individual providers.
Security and access
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Check access procedures: multi-factor authentication, key plus PIN or biometric procedures, dual control principle.
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Monitoring and alarm: 24/7 video, recording length, alarm and intervention concepts.
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Discretion on site: separate locker rooms, privacy screens, discreet handovers.
Insurance and liability
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Clarify coverage: insured amount per subject, per event and per year.
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Understand covered risks: burglary, robbery, fire, water, natural damage.
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Read deductibles and exclusions: e.g., value limits per coin, documentation requirements.
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Insurance carriers and proof requirements: Who is the insurer, what documents are required in the event of a claim.
Access and organization
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Opening hours and availability: 24/7 access or fixed hours, holiday arrangements, emergency access.
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Authorizations and co-users: clear regulations for authorized representatives, access history, logging.
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Location and accessibility: access, parking, environmental security, discreet routes.
Climatic conditions and preservation
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Aim for stable, moderate temperature and controlled humidity.
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Leave coins in original capsules or slabs, avoid touching the surfaces.
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Use desiccants in storage boxes and replace them regularly.
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Regular visual inspection for condensate, discoloration and damaged capsules.
Contract and costs
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Read your rental agreement carefully: terms, notice periods, relocation and upgrade options.
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Understanding the pricing structure: base rent, additional services, indexing, insurance surcharges.
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Know the operator’s liability limits and compare them with your own insurance sum.
Documentation and traceability
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First, maintain a complete inventory list: piece, year, face value, weight, certification details ( PCGS / NGC ) and, if necessary, the certificate number.
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Also take meaningful photos: front and back, slab label and numbers clearly legible.
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Furthermore, keep purchase receipts safe and secure and also save them digitally so that proof is available at any time.
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In addition, all changes should be logged: access, additions, and withdrawals, as well as any changes to the locker number. This ensures a complete history.
Delivery and handover
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First, clarify the handover process in advance: determine the accompanying person, time frame, and safe transport routes.
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To do this, consistently use handover protocols: document the number of containers, sealed boxes and serial numbers.
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Also, avoid unnecessary opening of the capsules on site to prevent scratches and other damage.
Note on other countries
Similar storage options can be found in many financial and commercial centers around the world. In addition to Singapore, Switzerland, the United Kingdom, Germany, the United Arab Emirates, Hong Kong, and Malaysia also offer comparable safe deposit and vault solutions. It is crucial to understand the local conditions and systematically compare them. Therefore, the above-mentioned assessment criteria can be used as a practical guide – regardless of the country in which you ultimately store your assets.
Important NOTE
This information is for guidance only. Please always check the terms and conditions of the respective provider in detail before making a decision, especially regarding insurance, access, and contract terms. This does not constitute legal, tax, or insurance advice.