How do you store your silver?

Discussion in 'Bullion Investing' started by myownprivy, May 21, 2018.

  1. Santinidollar

    Santinidollar Supporter! Supporter

    That would be my inclination, though I guess it would depend if and how far underwater I was.
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  3. Bman33

    Bman33 Well-Known Member

    Are you referring to boating accidents on lakes where you have your PM's on board with you?
    Santinidollar likes this.
  4. Phil Ham

    Phil Ham Hamster

    I keep my silver in my coin room. I bought Simpli-Safe and pay $25 a month for security, which includes proximity switches on doors, motion detection, glass break detectors, and a loud siren. I get immediate notification on my iPhone and can see my coin room from the camera visible from my iPhone or laptop. As I like to see my coins and feel them, I don't want them in a safe in a bank or something.
  5. Clawcoins

    Clawcoins Well-Known Member

    wow, was at a friends house who bought a Gardall B2018 (about $1,000 safe) for his storage.

    You can have 6 ASE tubes up. 10 across and 11 deep with room to spare.
    So that is 660 tubes of ASEs which x20 per tube is 13,200 oz of silver.

    NO PROBLEM for 660 oz in original question (with massive room to spare).
    of course, there are smaller and larger safes/vaults out there.
  6. Mr Roots

    Mr Roots Underneath The Bridge

    I buy used monster boxes from APMEX for around $15 each.
  7. SilverSurfer415

    SilverSurfer415 Well-Known Member

    Just a simple plastic box for my bars.

    I think its those cheap boxes that arts and craft people would use to keep their little items in.
    crazyd likes this.
  8. Odomax

    Odomax Member

    I have most of mine in burryable ammo cans worth screwtite air proof lids. In plastic bags, inside tubes with desiccant. Buried 2 feet down in the earth. I've had to dig one up after 2 years looking for a lost coin. And they were all fine.
  9. Collecting Nut

    Collecting Nut Borderline Hoarder

    Hope your floor is reinforced Randy since it's on the second floor. :)
    Randy Abercrombie likes this.
  10. Collecting Nut

    Collecting Nut Borderline Hoarder

    I have mine in coffee cans buried in my back yard. I buried them deep and with 20 acres to hide them...:)
    PlanoSteve likes this.
  11. myownprivy

    myownprivy Well-Known Member

    It's very hard for me to wrap my mind around those of you who have such distrust in the government and banking that you would burry thousands of dollars of stuff in your yard.

    Why do you believe that way?
    V. Kurt Bellman likes this.
  12. ManfredNam

    ManfredNam Non-functioning

    Simple "door stoppers" wrapped in plastic with wood paterns
  13. longnine009

    longnine009 Most Exalted Excellency Supporter

    They are heathens I tell you, heathens heathens heathens! They have no faith whatsoever in the golden sach- bag or our savior Jamie and his bwain twust to redeem the world from it's institutional rot.

    ^ What? Looks fine to me.
    PlanoSteve likes this.
  14. Clawcoins

    Clawcoins Well-Known Member

    and here I thought the gov't was "holding" $630,000 for each and every one of us if we can find out how to unlock it and withdraw it for ourselves ??

    oh wait, that was some conspiracy theory I read about ... :bucktooth:
  15. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    You have uncovered the essential psychopathology of the entire enterprise.
  16. bear32211

    bear32211 Still Learning

    All joking aside, right, mine is in the barn, "Hi Ho.............:rolleyes:
  17. PlanoSteve

    PlanoSteve Supporter! Supporter

    Wow, I thought I was alone! :smuggrin::smuggrin::smuggrin:
    Randy Abercrombie likes this.
  18. PlanoSteve

    PlanoSteve Supporter! Supporter

    Don't forget & allow some detectorists access to your property! :happy::smuggrin::D:eek::cool:
    Collecting Nut likes this.
  19. PlanoSteve

    PlanoSteve Supporter! Supporter

    Answered your OP in your OP, excellent!!! :p:D:rolleyes:;)

    Which brings up the question (for me), if one rents a SDB @ a bank & merely stores silver bullion, doesn't the rental cost offset the possible "investment" gains. Seems to me it would defeat the purpose of accumulating bullion. (Not the same for coins.)
    Just saying.....:happy:
  20. Clawcoins

    Clawcoins Well-Known Member

    Yes it does. Most ppl never think of the "total cost of ownership" But if you store other stuff in there as apparently our SDBs are *much* bigger than most, then that cost doesn't count. ETFs and such have a storage fee, PM IRAs etc. you are fee'd to losses before you even get a chance to make a profit.

    After you figure out your TCO .. burying it in the back yard makes sense.
    PlanoSteve likes this.
  21. Collecting Nut

    Collecting Nut Borderline Hoarder

    Only I get to detect on this property. :D
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