Bank safe deposit box

I guess it is the culture of not trusting banks (the way banks are failing & the market) they had the forsight to hold on to what they have & avoid the double taxation most of us end up paying for the service of using a bank. Smart people we should learn a lesson from !

 

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This is true in the case of fres or floods as well as I am sure many people in New Orleans learned to their horror after the banks were flooded and the safe deposit boxes spent a few weeks weeks submerged in sewage water. How may collectibles, coins, paper money etc were in those boxes? Wlls, legal papers, famly heirlooms, bonds, morgage papers and so on?

Many people who lved through the great depression and lost everything when their banks closed and failed (and even those whose banks reopened but not soon enough to save them.) never trusted banks again after that. My grandmother was one of them. She had stashes of silver coins wrapped in rags and sealed up in paint cans and other places. We were still findng them some nine years after she died. She used to high paper money in books and magazines. (My grandfather didn't use money, he used family pictures as book marks.) After he died his sister-in law kept coming over to "help clean up" and burned piles and piles of old books, magazines, jars, cans etc. We fnally had to ban her and change the locks. We salvaged the slver out of the burn pile but who knows how much money and how many famly pictures we lost to the indiscrimnant burning.

 

it's so funny that i got two safety boxes that almost the same price per year. one box is double big than the other one. one is rent for some 20 years plus. one rent start from last year.