Hi, Just want to know whether it is smart move to store coins at home or in bank's lockers. It is debated many place but couldn't find rational answer. Please put your views here. Thanks.
I think we have thread where we discussed this query .I would appreciate you to have a check or i can post the link right here.Thanks!
I think it matters first why you're investing in gold. For some, it would be rather ironic to buy gold and sit it at a bank. Gold, being a hedge against a collapsing banking system. And, obviously, people who buy gold for teotwawki aren't going to keep it at a bank. Buried in the back yard is more likely. Some investors may even want to invest in gold through an ETF, or even mining stocks, and not even hold the physical product.
I like the whole secret passage thing. Then in a safe of course. It's in your house, and no one can ever catch you digging.
1) Buy a GPS 2) Pick coordinates out in the middle of a forest, write them down 3) Bury gold/other precious metals The only thing I can see going wrong is if the GPS satellite get shot out of orbit. I keep mine in my house though. I don't feel like I'm going to get my house broken into any time soon.
Can I conclude from the above discussion that I must buy paper gold if I want to invest in gold for reselling it when prices go up?
If its a small amount, keep it at home, a large amount... hide it in the forest.. make some troglodite happy 3000 years from now! I would leave a note..
I would agree to keep it at home, but I would bury it and only around the house (helps that I'm rural). I know too many people who have the hobby of metal-detecting the forests looking for coin that may have been buried near areas they believe used to house old homesteads. One guy has hit gold several times already. It'd be my luck someone like that would happen upon anything I put in the ground, in the forest. I would have stored in a safe box in the home, but now I'm thinking heavy fire safe, all the way. The recent Alabama tornadoes turned up a collection of silver (in safe box) with little means to find the owner. With a heavy safe, maybe it won't be thrown too far as the house gets taken. (On second thought, the ground is looking better and better).
