A wireless, proximity-based security system for securing or tracking a valuable object. The system includes a base station and a plurality of security fobs. The security fobs are tracked via an ultra-wideband transceiver relative to an outer perimeter. An administrator fob pairs each of the security fobs with the base station. An audible alarm emits from base and/or the fobs when the location of the security fob is detected to be beyond the outer perimeter. A haptic alarm emits from fob when the location of the security fob is detected to be beyond a sub-perimeter.