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<p>[QUOTE="medoraman, post: 1938245, member: 26302"]As an aside, many pm people have made this argument about "a sdb is not safe". However, when challenged, I have never seen hard proof where someone had their sdb box confiscated unless they were involved in some sort of money laundering/hiding assets from a court kind of thing. Yes, sdb have been opened by the government with a search warrant from a court if the court had judged a person was illegally hiding assets. Yes, a sdb has been stolen by thieves. So no, they are not perfectly safe, but much safer than anything in a home for most people. I guess if someone was perfectly secret about it, had very, very good concealed places to hide it, and literally told NOONE about it, that is safer than a sdb. I just read stories like the one posted above all of the time. I mean, a LOT. I am sure most or all of these people who got their pm robbed honestly believed it was safe the way they were doing it. They all made a fatal mistake of letting someone know. </p><p><br /></p><p>But, in the end, how do you want to live? I am sure someone could figure out who the heck I am from my posts here. That is ok, I do not want to live in private. I love talking about my hobby and helping people. The reason I can sleep at night is I know my coins and pm is not at risk, since its not in my home. When was the last time you heard about someone's sdb being stolen from them? Really? Yes, some famous bank robberies in the past have happened, but they are very rare. When was the last time you heard about one? As to the government taking it, they didn't in 1933 when they had the gold recall. Every story I have ever heard about "the government took my sdb" always, if you dig deep enough, have a non-innocent party involved. Either they weren't reporting income to the IRS, they weren't paying child support, or some other crime they were trying to get away with by using their sdb as a safe storage area of their ill gotten gains. The only other type of story I have seen was someone not paying sdb rent for a number of years and the sdb being closed and the coins being sent to the state and auctioned off. Well, that is the law, you need to pay the rent.</p><p><br /></p><p>The one question I would have for those who advocate complete privacy and hiding them in your home would be this; What happens if someothing happens to you? If you literally told no one, then nobody, (including your heirs), either know its there or where it is. Is that what you want? Myself, I have a sdb where my wife, (and children when old enough), knows where it is. If something happens to me, they can go to the bank and get it. Inside, there is a list of where to send the coins and bullion to be sold. I want my heirs to get my assets, and make it as easy as possible for them. I don't want them to run around tearing my house apart looking for buried treasure.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1938245, member: 26302"]As an aside, many pm people have made this argument about "a sdb is not safe". However, when challenged, I have never seen hard proof where someone had their sdb box confiscated unless they were involved in some sort of money laundering/hiding assets from a court kind of thing. Yes, sdb have been opened by the government with a search warrant from a court if the court had judged a person was illegally hiding assets. Yes, a sdb has been stolen by thieves. So no, they are not perfectly safe, but much safer than anything in a home for most people. I guess if someone was perfectly secret about it, had very, very good concealed places to hide it, and literally told NOONE about it, that is safer than a sdb. I just read stories like the one posted above all of the time. I mean, a LOT. I am sure most or all of these people who got their pm robbed honestly believed it was safe the way they were doing it. They all made a fatal mistake of letting someone know. But, in the end, how do you want to live? I am sure someone could figure out who the heck I am from my posts here. That is ok, I do not want to live in private. I love talking about my hobby and helping people. The reason I can sleep at night is I know my coins and pm is not at risk, since its not in my home. When was the last time you heard about someone's sdb being stolen from them? Really? Yes, some famous bank robberies in the past have happened, but they are very rare. When was the last time you heard about one? As to the government taking it, they didn't in 1933 when they had the gold recall. Every story I have ever heard about "the government took my sdb" always, if you dig deep enough, have a non-innocent party involved. Either they weren't reporting income to the IRS, they weren't paying child support, or some other crime they were trying to get away with by using their sdb as a safe storage area of their ill gotten gains. The only other type of story I have seen was someone not paying sdb rent for a number of years and the sdb being closed and the coins being sent to the state and auctioned off. Well, that is the law, you need to pay the rent. The one question I would have for those who advocate complete privacy and hiding them in your home would be this; What happens if someothing happens to you? If you literally told no one, then nobody, (including your heirs), either know its there or where it is. Is that what you want? Myself, I have a sdb where my wife, (and children when old enough), knows where it is. If something happens to me, they can go to the bank and get it. Inside, there is a list of where to send the coins and bullion to be sold. I want my heirs to get my assets, and make it as easy as possible for them. I don't want them to run around tearing my house apart looking for buried treasure.[/QUOTE]
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