Major burglary . . . 300 oz AU

Discussion in 'Bullion Investing' started by ToughCOINS, Oct 6, 2023.

  1. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    My bank is FDIC insured up to $250,000 so
    that not only covers my checking and savings
    accounts but my safe deposit box as week so
    I am still good :)
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  3. rte

    rte Well-Known Member

    Who do you bank with I was under the impression that a safety deposit box isn't covered.
    IF I'm wrong? I'd like to know what bank covers safety deposit boxes. They aren't supposed to know what you have in there.
    Last edited: Nov 1, 2023
    lardan and -jeffB like this.
  4. Sting 60

    Sting 60 Well-Known Member

    Banks do not cover safe deposit box contents because they do not know what the contents are, usually. Who would tell their bank what they have in a safe deposit box. I have Hugh Wood and have safe deposit box insurance and am covered for an amount that covers the transfered from the bank to my house and versa visa. Not selling insurance but their prices are very reasonable.
  5. pmbug

    pmbug Taking steps on my thousand mile journey

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  6. Jeffjay

    Jeffjay Well-Known Member

    I'm only willing to let any bank be trusted with maybe 10% of my wealth.
  7. ldhair

    ldhair Clean Supporter

    These were private vaults. I don't think a judge would issue a warrant for all the boxes at a bank. With good cause, I could see a warrant being issued by name of the owner of a box.
  8. ldhair

    ldhair Clean Supporter

    I believe the ruling on the private vaults will be reversed over time. Too many honest people were harmed
  9. rte

    rte Well-Known Member

    That's not really the message Huey Long was trying to get across :p
    Is it a good plan if you have 10 banks?
  10. rte

    rte Well-Known Member

    But how good was the government agencys record keeping during the confiscation?
    I guess we might find out IF some items are returned... I haven't heard of anything being returned yet.
  11. Jeffjay

    Jeffjay Well-Known Member

    Can't imagine ever needing more than one.
  12. ldhair

    ldhair Clean Supporter

    I didn't think of that. What a mess.
  13. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

  14. GoldFinger1969

    GoldFinger1969 Supporter! Supporter

    It depends on the insurer.

    I'm sure if I claimed more they'd want proof of ownership.

    I have the Chubb Masterpiece policy and they don't even need an inventory of what I have (still can't understand why). But I believe I am covered up to $50 or $100K. Will re-check the policy and my emails to-and-from the insurance guy.
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