Article about Gold Storage

Well now Sir, would you be willing to take that chance?

 

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well, we aren't talking about me. thieves are dumb.
but they can probably watch you leave.

 

Woe to the unprepared to be as "dumb" as those who may try to profit from their lack of preparation.

In other words, if it were that easy to get, then I would be "dumb". Not knowing about one's resources is half the game.
I will assure you if I was not present, there is sufficent enforcement in place to thwart the attempts of said criminals.

Being "dumb " in this case is really being not prepared.

 

it all depends. once you have 750 thousand or more you become more of a target.
I still say it's safer to have almost no one realize you have that much money at home. keep it a secret.

 

Very interesting article! Probably a topic to which many do not give adequate consideration. The key is to keep your mouth shut but I think the problem is that as people begin getting into PM's they talk to too many people as they try to learn. As a person begins an accumulation it may seem there's not enough to worry about but over time, as the accumulation builds, there is enough to worry about but the cat is out of the proverbial bag. For people who find themselves in this position it may be wise to make some changes to the security of their physical stash.

Bluesboy65

 

Even if you don't have what you consider to be all that much, you could still be a target. To people in a desperate situation $750,000 is far more than necessary to attempt a break in. Yes keep your mouth shut, but I would also add: don't associate with people who are untrustworthy!

 

Let's not go off the deep end about the Fed. Gov. getting into your SDB. This thread is about everyday safe keeping of your large dollar amount of PM coins. Sure keep them at home and worry that everytime you leave you abode someone and his cohorts could rob you blind. Oh yah, your security system camera will catch them in the act. Well what good is that after they leave with all your PM's and dispose of it in three days to parts unknown. Use an SDB and insure your PM's if it worth
several thousands of dollars or more. Collectibles insurance is cheap I hear. Don't be a Scrooge and risk it all.

 

they do sieze the box when you die though don't they?

 

The bank usually seals the box until they received legal determination of the executor of a will or probate issue. A feasible inheritor ( such as a spouse or co-signer on the box) can petition to have it opened if no will can be found outside of it. This is done with court or appointed officer of the court standing there. In most states being a co-signer on the box does not give you the right to open it if the other so-signer dies, until the above is determined. At least this was my experience in Calif. If there is no statement in the will concerning the contents of the box, and no itemization of who owned what in the box It can take a while. Generally this is no problem, but if there were 2 of you running a coin business, and a lot of inventory in a shared box, that could be a problem. I am not a lawyer, so check the laws in your area. IMO.

Jim

 

Hi, just wanted to comment on this one.. when my husband passed away, both our names were on our sdb's, along with a third name, just in case. I had no trouble going in to the boxes, which I did in fairly short order, though not right away. I immediately, however, changed the names on the boxes to REMOVE the name of my late husband, and the third signer. I did not want the third signer to have an opportunity to remove anything without me knowing it. I did not have to produce anything, perhaps because they knew me at the bank? It was not sealed or confiscated or witnessed in any way. But now, you have me worried all over again about the contents in my sdb's.. Maybe I need to start all over again at ANOTHER bank? Just in case?

I am NOT suggesting this as advice to anyone, but rather relatlng my own personal experience.

Regards,
Lucy

 

A lesson in California is to be careful with who has " keys".
* from the internet*

Under California law, any person who has a key to a deceased person's safe deposit box in a financial institution may obtain access to the safe deposit box if he provides the institution with proof of death, such as a death certificate or written statement by a coroner, doctor or hospital where the deceased was treated; and proof of his own identity. Inventory

Once the proof has been established, the financial institution is required to make and keep a record of the identity of the person seeking access, then allow her to open the safe deposit box and inventory its contents while under the supervision of an employee of the institution. COPYING The financial institution is required to make copies of any wills removed from the safe deposit box and keep the photocopies on file for five years. The institution is allowed to charge the person given access a photocopying fee. After the photocopying has been completed, the person given access is allowed to remove any wills and/or trusts regarding the disposal of the remains. Will Delivery

The person given access to the safe deposit box is required under the law to deliver all wills found there to the applicable superior court clerk and mail or deliver a copy to the person named in the will as the executor or beneficiary. After this point, the executor or beneficiary becomes responsible for the contents of the box.

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Exactly. If you're of the mind that the dollar will collapse and you're hoarding PMs so you have something of real value, the last place you're getting into after the collapse is a bank vault.

 

Just a standard webcam and a little program called TinCam. I'm sure there are better ones out there however.

Every day when I get home I set off the alarm but since I'm the only one who gets notified it's not a big deal.

 

My rules for safety are simple.

Never let someone know EVERYTHING you have
Never keep everything in one place
Never keep your items in the same places, move them regularly
Never have all of your PMs (or anything valuable) out at once
Always use security systems (my personal choice is 5 cameras w/motion detect and night vision, linked to a 2TB HDD setup which also backs up once every 48hrs onto a dedicated server)

I also keep detailed photographs and descriptions of everything significant on the server as well. Even if someone stole my tower, I could simply access all of the info via any internet connection.

I also maintain my CHL and am never far from a loaded weapon if I am home.