Discussion in 'Bullion Investing' started by myownprivy, May 21, 2018.
That would be my inclination, though I guess it would depend if and how far underwater I was.
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Are you referring to boating accidents on lakes where you have your PM's on board with you?
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.
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.
I buy used monster boxes from APMEX for around $15 each.
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.
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.
Hope your floor is reinforced Randy since it's on the second floor.
I have mine in coffee cans buried in my back yard. I buried them deep and with 20 acres to hide them...
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?
Simple "door stoppers" wrapped in plastic with wood paterns
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.
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 ...
You have uncovered the essential psychopathology of the entire enterprise.
All joking aside, right, mine is in the barn, "Hi Ho.............
Wow, I thought I was alone!
Don't forget & allow some detectorists access to your property!
Answered your OP in your OP, excellent!!!
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.)
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.
Only I get to detect on this property.
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