Once a year, a short routine keeps your records, cover and plans in line with reality. Here is the checklist, step by step.
Short answer: once a year, count what you hold against your records, review your average cost and goals, check your insurance and storage, and update the details your family would need. It takes an hour or two when your records are kept up to date.
Compare the pieces you hold with your records, and fix any differences. Check serial numbers on bars and confirm each piece's location.
Check your average cost per gram for each metal, its value at today's spot, and your gain or loss. Compare your weight with the targets you set.
Make sure your insurance still covers the current value of your metal, and that storage is secure and dry. See how to insure your collection.
Review who knows where the metal is, and update your estate records, shared access and any emergency contact. See records your family can use.
Revisit your goals and any price alerts, and change them if your situation or plan has changed. Then set a date for next year's review.
The review is quick when you record purchases the day they arrive. The yearly review guide has the same routine with more detail.
Cost basis, live spot prices and photo documentation. Free for up to 20 holdings.
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