Gold or silver?

Discussion in 'Bullion Investing' started by Lasers, Feb 21, 2014.

  1. CJinAustin

    CJinAustin Member

    A safe with an extra lock is a great idea. They will be convinced the stuff is in there,,, and after half an hour of hard work will be sadly disappointed to learn it's empty, and have no time to keep searching.
     
    Endeavor and Revi like this.
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  3. Revi

    Revi Mildly numismatic

    I agree. Best to keep silver in safe deposit boxes.
     
  4. Lasers

    Lasers Active Member

    Thanks!
     
    Last edited by a moderator: Feb 24, 2014
  5. Endeavor

    Endeavor Well-Known Member

    You're always talking about your secret dealings, and James Bond-like stories :D
     
  6. Blaubart

    Blaubart Melt Value = 4.50

    I enjoy talking about safes. :)

    Bummer that I missed much of that discussion.

    You could add a second lock to most safes by either bolting it on or welding it on. If you're welding a hasp and using a traditional padlock, you might add approximately 30 seconds to the time it takes to break in. If you add a lock like this one:

    [​IMG]
    It might add a few minutes to the break in time.

    The absolute best bet for increasing the security of a home safe is to bolt it in place. This is a must. I would recommend bolting it in before attaching any sort of second lock.

    Another step you might want to consider is connecting the safe to a home security system. Any level of physical security alone can be compromised given enough time. If you connect it to a security system and if the burglar can't defeat the alarm system, then you effectively limit the amount of time he has to try and break into your safe.
     
  7. rysherms

    rysherms Alpha Member

    well if you were a true groupie of mine you would have read that i have been burglarized TWICE. so my methods were born of necessity. and saying "always" is kind of an exaggeration.
     
  8. Blaubart

    Blaubart Melt Value = 4.50

    I just read through the earlier parts of the discussion where the OP mentioned his budget.

    Forget most of what I wrote above and find a good hiding spot. You can hide 4 ounces of silver just about any where and that will give you 1000% better odds of keeping your valuables than a $40 "safe".

    Back when I used to live in a rental house and couldn't drill into anything to secure a safe, I used to hide the little bit of silver and gold that I had in a box in the bottom of an old ammo can that was filled with tire chains in the garage. No burglar would want steal a box of tire chains, nor would they dig through some old rusty tire chains expecting to find something valuable.
     
    Blissskr likes this.
  9. Lasers

    Lasers Active Member

    Alright I guess I'll just hide it... Just out of curiosity what is that lock called that you posted a picture of?
     
  10. Blaubart

    Blaubart Melt Value = 4.50

    American Lock model number a800lhcd. It's called a high security hidden shackle lock and hasp. They run about $40.

    They offer pretty decent security, but the locks can still be picked or the bolts can still be drilled out.
     
  11. Endeavor

    Endeavor Well-Known Member

    :D I was just joking. I was just getting you back for this: late night
     
  12. Blaubart

    Blaubart Melt Value = 4.50

    Also, keep in mind that if you put one of those hasps on a "lock box" instead of a safe, the body of the box becomes the vulnerability. An axe can cut through 14 gauge metal like butter. Axes can get through 12 gauge steel too, it just takes more effort. 10 gauge steel is pretty much impervious to axe attacks.
     
  13. rysherms

    rysherms Alpha Member

    "impervious to axe attacks" ... that ranks up there with "hark! i renounce their ebay!!!" ... but at the same time, imperviousness to axe attacks is a valid concern for some - orks
     
  14. rysherms

    rysherms Alpha Member

    you misunderstood my post in that thread...i am glad you are pulling numbers....the question is, are they equating to notches on the post
     
  15. Blaubart

    Blaubart Melt Value = 4.50

    Axes still have a place in modern society. Heck, Lasers might have one in his garage that I could use to get into his lock box. (Or in the hallway of his apartment if he doesn't own a house)

    Here's a video of someone testing 10 gauge steel with a pike axe:



    It fares OK in that it took some significant effort to make a fist sized hole. It would be better if it was a safe that was bolted to a wall, that way a person could not swing down onto it. With fourteen gauge steel, you can use the blade side and get a good 10-15" gash into it with one swing.
     
  16. Lasers

    Lasers Active Member

    I wont be buying a safe, I'd rather buy more silver with the $40. No point in getting a lock box if it can be broken with one hit lol.

    Also, I went to a couple coin shops today and looked around for silver coins... The prices are ridiculous! At one of the stores the dealer wants $9.50 for a quarter that is barely worth $4 melt value. I'll just scope coins on ebay and hopefully I will get lucky. :)
     
    Last edited by a moderator: Feb 24, 2014
  17. rysherms

    rysherms Alpha Member

    Spoken like a seasoned pro. The force is strong with you my young padawan
     
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