Where do you keep your Gold Bullion in case of an extreme emergency?

Discussion in 'Bullion Investing' started by saltysam-1, Oct 25, 2010.

  1. kaparthy

    kaparthy Well-Known Member

    How to Hide Almost Anything by David Krotz is a classic. (Amazon link here. But your Librarian can get for you, also.)

    For instance, Krotz recommend making a hollow lintel to put above a doorway, and a space behind a baseboard. and many other similar ploys.

    Once you starting thinking along those lines, more ideas -- original to you -- may come.

    But, above, all, whatever you do, do not tell anyone.... which creates the "Alzheimer's risk" problem, of course.

    (And I am not just impressed but downright jealous about Scylla and Charybdis.)

    My wife and I returned to school to complete the degrees we never needed when all you had to do was work hard and be smart. I got my BS in criminology and my MA in social science. I agree 100% that in case of an "extreme social emergency" having been a good neighbor to your neighbors will get you farther than 100 ounces of gold in small coins. Start now: avoid the rush.
     
  2. Avatar

    Guest User Guest



    to hide this ad.
  3. rotobeast

    rotobeast Old Newbie

    Amen !

    One should also educate themselves in the art of being self-sufficient.
    Not only would you provide for yourself, but could be paid for your knowledge.

    *ends post-apocolyptic thoughts*
     
  4. kaparthy

    kaparthy Well-Known Member

    Ummm... you know, I have been waiting for the end of the world since 1972.

    Two books broke the reverie: Merchants and Moneymen in the Middle Ages painted a story about a businessman in Italy in 750 AD getting ready to go to Constantinople. It was the Dark Ages! And yet, trade and commerce continued, as it must. The other was The Future and Its Enemies by Virginia Postrel, then an editor at Reason. There is a strong millennarian streak on the far right (but also on the far left). Some people pray for the End of the World. Yet, it continues... as it should, will, and must.
     
  5. Merc Crazy

    Merc Crazy Bumbling numismatic fool

    What I'd probably do;

    Cut a hole in my basement floor. Hollow out a good amount of dirt under it, then reinforce it with rebar and cement. The resulting cavity would be my hiding space for anything I needed to hide. Cut the cement to overlap the hole, drop it in, and toss a fridge on top of it. Viola!
     
  6. rotobeast

    rotobeast Old Newbie

    LOL

    Forgot to mention.....
    I'm not one of "those" guys.
    I was at a new years party when "Y2K" hit.
    No bunker or supplies.
    :luckyguy:
     
  7. lucyray

    lucyray Ariel -n- Tango

    :) I WAS one of "those guys".. and I still have all of the reference books that I used to help with making our plan for "just in case". Many of the supplies too, and most important on our list (my husband was alive at that time) was to befriend our neighbors in any way we could. BUT, don't discuss it with your neighbors, really, not gold/silver, money things like that. Loose lips sink ships and all. Still a big fear for me, and the PRIMARY reason I found this site; so I could learn in a relatively safe (read: anonymous) environment about what to do with items, particularly in our unsettled times..
    Lucy
     
  8. Merc Crazy

    Merc Crazy Bumbling numismatic fool

    Lucy, word to the wise...

    There's no such thing as anonymity online... only perceived anonymity.
     
  9. desertgem

    desertgem Senior Errer Collecktor Supporter

    Don't forget that refrigerators/freezers have drains that go to an evaporative pans under the unit. In case of any power failure long enough that condensation and melt water flows over the pan ( the fans to help evaporate are electrical), it will most likely flow down into your safe hole. Put something else over it, IMO.

    Jim


     
  10. Merc Crazy

    Merc Crazy Bumbling numismatic fool

    Good point. :)

    I don't own a house right now, so that was purely conjecture on what I'd do. More than likely, anything that went into the hole would be in something waterproof, as basements can flood once in a while.
     
  11. lucyray

    lucyray Ariel -n- Tango

    I'm not a computer geek, so am not aware of what folks on the other end are able to do. On the other hand, I know most anything is possible.

    Thank you Merc, for your reminder.. Lucy :vanish:
     
  12. sky

    sky Member

  13. Victor

    Victor Coin Collector

    Benny was the father and founder of the Horseshoe casino. The son, Ted Binion had the bunker built out in the desert. His girlfriend and his bodyguard knew where it was. They stole the silver dollars and [supposedly] murdered Ted. They never were found guilty of the murder.
     
  14. 10gary22

    10gary22 Junior Member

    Ted died of a drug overdose and his gf & bg were accused of forcing it on him but only found guilty of conspiracy when caught trying to remove the Silver. The vault was deep enough to require the use of a backhole to dig it up.

    Burial is a time tested effective technique. People still search for buried gold long after the person who put it in the ground has died. Let's face it, if you are dead, you really don't need the gold. The booby trapped treasure trove on Oak Island proved to be a good enough vault to keep the treasure safe for centuries and perhaps forever.
     
  15. saltysam-1

    saltysam-1 Junior Member

    I came across another good idea. Putting in a fake wall outlet that isn't wired. Then plug in an extension cord in and run it over to a computer or lamp or anything else where other cords are. Don't use a switch plate since someone might try and turn it on and become suspicious when nothing happens.
     
  16. Rezin777

    Rezin777 Junior Member

    I agree. Personally, I try to live by the Boy Scout's motto, which is: be prepared.
     
  17. Rezin777

    Rezin777 Junior Member

    It's not the end of the world that I'm concerned with, it's the end of the world as I know it.
     
  18. medoraman

    medoraman Supporter! Supporter

    Like other threads have said before, if anyone really thinks its going to "..hit the fan", then why would they buy gold or silver? I will not trade you my food, rifles, or ammo for something as worthless as a useless metal. Even in history gold and silver are not valuable currencies in time of extreme strife.

    Buy gold and silver as a hedge to our politicians spending our great grandchildren's pay so badly that they have to devalue currency to continue spending. PM protect against economic stress. Buy seeds, guns, canned food, and farmland for any doomsday scenario. These things protect against war/rioting/doomsday scenarios.

    Just my opinion. Btw I keep my PM and valuable coins in a safe deposit box in the bank. Even in 1933 I do not think the government searched safe deposit boxes, or else they would have found the 1933 double eagles sitting in Philly.

    Chris
     
  19. 10gary22

    10gary22 Junior Member

    Another good idea might be to install a panel on the inside of a cabinet door. You can sandwich the coins in between. Also can add a false bottom to a drawer. I think the silverware or junk drawer might work.
     
  20. silvers59

    silvers59 New Member

    Long term storage, build a false wall in your house somewhere. Complete with wiring, plugs, switches and trim. Must be a blank wall, no windows or doors.
     
  21. lucyray

    lucyray Ariel -n- Tango

    Of course, it is not (very) difficult to have your cabinets made with a false backing in them; same thing for a corner bookcase (like in a library area if you have one); the 'dead space' in corners is easily utilized. Be sure you either do it yourself, or trust your cabinet maker. Sadly, I recently had occasion to be in touch with our cabinet builder for some replacement latches in my kitchen (after 12 years..). The proprietor made a joke to me about telling someone recently about building my hidden areas... he didn't realize what he was saying until it was out. Who knows WHO he told? Subsequently, I have retired my hidey spots. I'm doing new ones myself. ABSOLUTELY, can't trust anyone.. Sheesh! (I'm going to move!)
     
Draft saved Draft deleted

Share This Page