Personal safe for your bullion.

Discussion in 'Bullion Investing' started by SCFY, Jul 25, 2013.

  1. green18

    green18 Unknown member Sweet on Commemorative Coins


    Tom T. Hall sang it........:)
     
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  3. mikem2000

    mikem2000 Lost Cause

    And he drank up all of my root beer....

    I hate when that happens :)
     
  4. sonlarson

    sonlarson World Silver Collector


    The chemicals you use to clean and preserve your guns will NOT keep your coins clean and preserved. Bad idea to store together.
     
    ldhair likes this.
  5. benveniste

    benveniste Type Type

    Sorry, I'm not going to give details on my own security choices on a public forum. But here are some general comments:
    • I advise against booby traps of any sort, whether they are designed to kill, injure, or merely restrain. You want to thwart criminals, not become one yourself.
    • If you can bring a safe into your house by yourself or with a buddy, unless you secure it carefully a criminal can take it out just as easily.
    • A typical consumer gun-safe has a rating of TL-5, which means it should take one man with a crowbar and hammer more than 5 minutes to force it open. For a casual smash and grab artist, 5 minutes is an eternity. On the other hand, it's not going to stop a planned heist by a more serious adversary.
    • If you're even thinking of keeping your combination on a slip of paper in your house, save your money.
    • Don't neglect personal safety. To see how to open a safe with a $5 wrench, see: http://xkcd.com/538/
    P.S. Why doesn't the Mood Chooser support Mood Indigo?
     
    twopillow likes this.
  6. NorthKorea

    NorthKorea Dealer Member is a made up title...

    My point was that the storage costs of storing your silver off-site (which would include insurance) would be significantly lower than the $500 you're paying for the safe AND you would have that extra space for other stuff.
     
  7. green18

    green18 Unknown member Sweet on Commemorative Coins

    In my own house? What the devil is the blasted 'you know what' doing in my home if and when he experiences such a circumstance. Better he not have tried to enter in the first place, but yeah, I'm subject to scrutiny and prosecution in today's liberal setting. So sad...........
     
  8. NorthKorea

    NorthKorea Dealer Member is a made up title...

    Just put up signs that there are traps on the premises and put up a sign on the safe itself that there are traps. :p
     
    green18 likes this.
  9. green18

    green18 Unknown member Sweet on Commemorative Coins

    The Philadelphia Lawyers would probably still have my bacon NK........:)
     
  10. Westtexasbound

    Westtexasbound Active Member

    If someone wants something they will work to get it.

    There is the person looking for a quick score and the professional thief. I would think the first one is the one most of us have to worry about. Any safe bolted down or that weighs 150 lbs would do the job. If any one is also collecting nickels to see if they will change the metal get a few hundred dollars in rolls and you just added a lot of extra weight
     
  11. NorthKorea

    NorthKorea Dealer Member is a made up title...

    My impression was always that East Coast judges tend to be more conservative in their rulings.
     
    green18 likes this.
  12. green18

    green18 Unknown member Sweet on Commemorative Coins

    You can throw that theory out the window. East Coast is the most liberal.........
     
  13. SCFY

    SCFY Active Member

    I'm from Phila, and Philly lawyers and judges like to get reputations so liberal is a good way of describing them.
     
  14. benveniste

    benveniste Type Type

    Tort law against booby traps is founded in very old common law. The standard law school "burglar wins lawsuit" case is from Iowa and dates to 1971. Even Texas law states "an owner, lessee, or occupant owes a duty to refrain from injuring a trespasser willfully, wantonly, or through gross negligence."

    As for criminal charges, those are likely to arise out of terrorism laws. For example, the post 9/11 federal statutory definition of a weapon of mass destruction (WMD) includes "a missile having an explosive or incendiary charge of more than one-quarter ounce."
     
    medoraman likes this.
  15. SCFY

    SCFY Active Member

    wow, I love the info provided, never knew that about setting traps. Your house should be able to be protected though, and to me I can agree if someone is brave enough to enter your home, they should pay harshly. I don't think they care about peoples family when they choose to enter your home, so why should we when it comes to defending our homes?
     
  16. green18

    green18 Unknown member Sweet on Commemorative Coins

    OK, OK............What about 'cave man' law then?
     
    Blaubart likes this.
  17. WoodyWW

    WoodyWW Junior Member

    Good article in the NYT 5/4/11: Sales of Home Safes Surge, Driven by the Recession and Recent Disasters

    http://www.nytimes.com/2011/05/05/garden/05safes.html?pagewanted=all

    They reference a guy who bought a $2,700, 19.2-cubic-foot,875-pound safe bolted to the floor of his den. The article also mentions "Manufacturers of residential safes — companies like Liberty Safe, Sentry Group, Allied Safe and Vault and Brown Safe ".

    Personally, I think a SD box or 2 is fine for most. Unless you're preparing for some kind of apocalyptic event......but I know a lot of PM people are.

    If I were rich tho, & had a $2-3 mil. house, I could definitely see getting a $2700 safe. (BTW, how many burglars many would really be able to move an 875-pound safe if it weren't bolted down?)
     
  18. Blaubart

    Blaubart Melt Value = 4.50

    I posted that in jest, but I don't mind if others believe I have booby traps. :D

    If I did install a booby trap, it would probably be pepper spray or some other sort of non-lethal deterrent.

    Very true, and they won't even care if they scratch your hardwood floors or put holes in your walls. Why carry it down the stairs when you can just let it go?
     
  19. ldhair

    ldhair Clean Supporter

    In the old days we used gas. Funny thing was that the bad guys never set it off. It was always the cash office crew that went running.

    Today I use an army of young folks. I buy the ammo and they make sure all is safe.
     
  20. FryDaddyJr

    FryDaddyJr Junior Member

    your best security are your own two lips. what you tell people and who you associate with.
     
  21. coingeek12

    coingeek12 Well-Known Member

    now that's a quote to live by!

    -coingeek12
     
    SCFY likes this.
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