Safest places for coin storage
 

I think it is unwise to store coins at home.

If anyone knew you had coins at home you or family members can be held hostage until their location is revealed.:s15:

Safe deposit boxes and depositories are the only other options I can think of.

http://www.delawaredepository.com/default.asp


Bank boxes are not insured. Depositories are.

If I ever choose to buy coins, where should I store them?

Re: Safest places for coin storage
 

If mine weren't at the bottom of a lake, I would dig a hole in the dirt.

Re: Safest places for coin storage
 

To insure deposits they must itemize and be the exclusive handlers of the deposit, no? I think I might rather be with a bank.

Re: Safest places for coin storage
 

If you don't hold it you don't own it. Hide in house or bury in backyard and tell no one. If anyone questions you about gold and silver say WTF, you can buy gold and silver coins?

Re: Safest places for coin storage
 

This is the fine line between teaching friends and neighbours the value of real money against the protection of secrecy. Everyone I've ever told anything to, I've told everything to. They're people I'd trust with my life. Unfortunately, I don't know everyone they know.

Re: Safest places for coin storage
 

Right now my coins are in a bank safety deposit box. I don’t like not having immediate custody of my coins, because I agree with the GIM slogan “if you don’t hold it, you don’t own it”, but after my house was robbed while my wife and kids were home and we ended up moving to another house, I feel they are safer for the time being in the bank. Once we leave this city as we’re planning, I will find a new home where I can feel safe about hiding them somewhere on my property.

Re: Safest places for coin storage
 

I get what you're saying but, there are bigger robbers right there where you've stored it. All please watch this if you haven't:

http://www.dailymotion.com/video/x7c...posit-box_news

Re: Safest places for coin storage
 

I don't have any pm's, never will. I have bought a few but gave them away to 'will work for food' street corner hobos. That's just the kind of guy I am.

Everyone I know who has coins or pm's have them in a safe deposit box. Just the other day (true story) a co-worker and I were talking about some coins he had, said they were at the bank in the sdb. I said I'd like to see it sometime and the next day he brought them to me.

That was nice, wasn't it? He made a trip to the bank and bothered their personnel just to show me a couple of coins. Yeah, I keep mine in the bank. Wait, I used to, when I had some, but I don't have any now. Not unless you want to buy some, then I'll have to go to the bank and get them.

Re: Safest places for coin storage
 

I think the same would apply whether or not your coins are at home or somewhere else. If someone knows you had them anywhere and wanted them bad enough. . .



Personally I don't worry much about anyone coming after me for my collection, I just take small precautions like using a PMB for my Ebay selling. I keep my bullion in boxes in the closet.

Re: Safest places for coin storage
 

INSURED IN WHAT???

THATS RIGHT PAPER.

PAPER THAT IS HIGHLY TAXED, REGULATED AND VISIBLE TO MULTIPLE PARTIES.

YOU WILL NEVER FIND A DEPOSITORY THAT WILL INSURE IN "LIKE KIND"

NEVER

IT WILL ALWAYS BE IN PAPER.

AND GOOD LUCK GETTING THAT "PRECIOUS" PAPER IN A TIMLEY FASHION AS WELL.

T

Re: Safest places for coin storage
 

From the webpage:


To supplement experience, physical security and internal controls, DDSC maintains $300,000,000 in “all-risk” insurance coverage. The current policy is underwritten by Lloyd’s of London and includes all risks of physical loss and/or physical damage, including mysterious disappearance and/or unexplained loss and shortage, employee dishonesty and theft. Loss or damage from fire, flood or other natural disaster is also covered. Loss from acts of war, terrorism, cyber attack, radioactive contamination, and chemical, biological, biochemical and electromagnetic weapons are excluded. Shipments by mail or express carrier are insured to $100,000 per package.




NOT ONLY ARE THE NOT GETTING YOUR METAL BACK IF SOMETHING UNSAVORY SHOULD OCCUR.

YOU ARE TRUSTING A FOREIGN ENTITY TO COMPENSATE YOU.

MAKES YOU FEEL ALL WARM AND FUZZY INSIDE RIGHT???



T

Re: Safest places for coin storage
 

I believe in security by obscurity. If no-one knows you have it, they probably won't look for it. My place doesn't look good for a thief either. No big-screen TV's, no stereo systems, etc.

Re: Safest places for coin storage
 

QUOTED FOR TRUTH.......

Re: Safest places for coin storage
 

QFT- When someone hides valuables and they end up being robbed it almost always leads back to a family member, friend or neighbor who knew too much.

Re: Safest places for coin storage
 

You need to read Superthief. Develop a bit of attitude. The fact is your gold is not safe outside your home, aside from the situation inside. Since so few people have precious metals other than jewelry, it's enough to get your stash out of sight and make it look like it's not worth stealing. Don't store it anywhere in the bedroom. Don't conceal it in or under any sort of furniture. More details have been posted a hundred times. Search for "safes".

Re: Safest places for coin storage
 

if interested just use the "search" feature above and look for previous articles on safe hiding places, there must be numerous threads...

Re: Safest places for coin storage
 

i learn some thing every day ... so you guys are saying you can buy gold an silver coin

Re: Safest places for coin storage
 

Yeah, but I don't really tell my whole family either. Only 3 people know I buy PM.

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Yeah, that was my point. As long as people keep their lips zipped they generally have no problem with keeping valuables hidden in their homes. Most cases of theft involve poor use of lip zippage. If you keep it to a few trusted people you should be o.k.

Re: Safest places for coin storage
 

Ive said it before 80% plus of robbers are drug addicted opportunists, if you have decent looking security like sturdy doors/windows and C.C.T.V they will avoid the house like that plague.

As other people have noted other 20% of robbers have done there homework or at least know what there after. Way to stop that is to make sure no one can find out.

Re: Safest places for coin storage
 

Jim Willie states:

"My understanding is that the Patriot Act forbids the usage of bank safety boxes for holding jewelry, coins, and other metal valuables. During a bank shutdown event, such items might be simply stolen by the banks. The Act stipulates that the purpose for safety desposit boxes is for personal papers and documents, like Last Will & Testament and property titles."

Are Safe Deposit Boxes Safe? No
http://www.kitco.com/ind/vaughn/nov032009.html

Re: Safest places for coin storage
 

:4_1_72::4_1_72::4_1_72::4_1_72::4_1_72::4_1_72:

Re: Safest places for coin storage
 

Most houses have dead spaces built in around the house
spaces that is not used.
For example most kitchens have space above the cabinets that is
not used , some are enclosed to fill the gap from the cabinets and ceiling.
above bathroom showers is normally a dead space and other places around the house all that is needed is a critical eye to see them.
If skilled in the craft of woodwork and drywall it would be easy to make safe hideing places that you could get into easy..If you can install carpet a hole in the floor and replace the carpet and then say a entertainment center placed over it..

And do not trust contractors.
Not saying they are bad, but the people that work for them may not
have the best ethics in the world ..
In the building trades a lot of workers have and do have problems with the law. Not all-- but enough of them that may talk about what they installed or did at this or that house..(Worked on one job that some one said the police were coming and the work place emptied
laughed my a## off)

In most attics now have a huge amount of insulation in them and a good place would be to bury your stuff in the insulation.

Just a thought....

As others have said the less that people know what you have the safer you will be!!...What others do not know-can not hurt you.

Re: Safest places for coin storage
 

Could you give a citation for that? I just spent a while with google and have not found evidence that the Patriot Act (or anything else) forbids the use of SDB for PM storage. I did find several locations that say that in the case of national emergency (as declared by Obama), homeland security agents would have the right to open any (or all that they see fit) SDB's and that cash, weapons, jewelery, and GOLD would not be turned over to the SDB's owner on the homeland security officer's discretion.

It may sound moot but there is a difference between "may be seized under certain circumstances" and "storage of PM is prohibited".

After a while searching seizures of SDB's, I conclude you are most at risk in broke states like California.

Re: Safest places for coin storage
 

:confused_ma::confused_ma::confused_ma:Jim Willie states::confused_ma::confused_ma::confused_ma:

For my own part, I'm giving him the benefit of the doubt.

Why you or anyone with an ounce of common sense would trust this corrupt government in Washington to follow the letter of the law to the benefit of the people is beyond me.

Re: Safest places for coin storage
 

Good discussion on home hiding about dead spaces in the house. That's my thing.

However, don't hang em high. I mean, don't put your stash(es) (and I strongly recommend stashes, not a stash), in a place that will be incinerated in a fire.

Think of your garage. Concrete floor, not traversed by many, including family members. Keep your hidden treasure low to the ground. Maybe a pocket in the foundation or the floor itself. When everyone's gone, then build an illusion. Maybe some type of waterworks or turn off valve, get creative.

Just remember:

-easy access
-fire resistance
-anonymous (no one can see you)
-very well hidden, best if it can be very difficult to uncover unless you know the secret.

No thief is going to start taking your house apart. And I would agree that you have a lot bigger chance of losing something due to a dis-loyal family member. Maybe your teenage son is the salt of the earth but his buddy overhears a conversation etc., hundreds of scenarios. So yes, the first order of business is to tell NO ONE that needn't hear. The second is to have more than one and I would suggest that no one and I mean NO ONE but yourself know of it.

But what if an anvil falls on my head? OK, leave some kind of coded message, something they'll have to figure out. Or don't. There is no scenario that doesn't have risk.

Re: Safest places for coin storage
 

I've kept most of my stash in a SDB for several years and really wasn't bothered because I thought the risks of bank or government seizure to be a vanishingly small possibility compared to burglaries or home invasions. My calculus of the odds is changing now because I frankly think this government is purposely collapsing the currency/economy in order to remake the country as a shiny new socialist state. When the collapse is well along I think declarations of national emergency are very probable. I think it is approaching time to find a new place.

You have to admit that the Dems single minded focus on the historically large expansion of government at a time of ruinous deficits and a collapsing currency is odd beyond belief. I have no idea of what those people are capable because they have already exceeded my worst nightmares and are accelerating away from there. It will get worse.

Re: Safest places for coin storage
 

You may be right Tom but remember too, there is always a resistance. I don't think a thing like this will happen literally overnight but then again who knows?

I see nothing wrong with branching out. Keep a box, but keep at home too. Don't put all your eggs in the same basket. One thing that would be advantageous would be confiscation of your box with the thought they they got you when they only got some of you.

Re: Safest places for coin storage
 

Hide it in plain sight, about 30 different ways. Try to visualize what a thief would see as they walked around, and take note what would be of interest and what would not.

Re: Safest places for coin storage
 

That very thing happened to a neighbor lady about two weeks ago. She had gone out to evening mass and when she returned, the front door had been jimmied. Her house wasn't ransacked as a burglar/s would usually do. The thief went straight to her bedroom and knew exactly where the week's receipts from two parking lots and her jewelry was stashed.

A few days later, word was out that the culprit was a sixteen-year-old nephew.

For gold, I'm partial to dummy receptacles. A double one will hold a lot of coins, and I keep an old floor lamp plugged into one side (actually the plug is epoxied to the cover). Silver is a bit more problematic. Burried and cemented over, with a large 18 inch diameter potted plant on top, solved my major problem, but I keep a couple hundred Libertades and other assorted AG coins stashed in the hollow legs of a plastic kid's table. Now, If I can only remember where I live.

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Re: Safest places for coin storage
 

It's a 20 peso Azteca. So nicknamed because of the Aztec calendar.

Re: Safest places for coin storage
 

Very similar situation with a neighbor who told her co-workers that she would be vacationing for a long weekend, and leaving her house abandoned for the first time in 20 years.

Sure enough, someone broke-in while she was gone and found her cash and gold stash.

I do some contract work at a local card club, and it used to shock me the extent to which people with gambling debts would sell out.
Men will literally prostitute their wives and daughters, and debtors will sing like birds when it comes to "home-invasion intelligence gathering."

The only home-assets my neighbors are aware of:

Guns. Molon Labe!

Re: Safest places for coin storage
 

You can trust exactly one person with the knowledge of what you have and where it is: yourself. Period. Ask me how I know.

Re: Safest places for coin storage
 

Wow dude.

I hope this video wakes people up about safety deposit boxes.

There is nothing safe about them.

Even in '33 the Treasury Men went from SDB to SDB swapping out Doubled Eagles for freshly printed $20 FRN's.

Hold it, hide it, use your imaginations.

:smile:

Re: Safest places for coin storage
 

Re: Safest places for coin storage
 

One of My Ideas...more to come :

http://goldismoney.info/forums/showthread.php?t=421736

Re: Safest places for coin storage
 

I remember an article in a post on this forum a couple of years ago that stated that in the event that your bank goes bankrupt, that the contents of your safe deposit box are considered property, and therefore, assets of the bank and can be confiscated and auctioned in order to satisfy the bank's creditors. Anyone remember that post/link?

Re: Safest places for coin storage
 

for a small fee i can store your coins an gold bars . let me know i can have someone pick it up for you an it will be safe for you

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I would say this about the powers that be right now.

The first rule is, there are no rules. For all we know they think there is a constitutional right for them to take your possessions without reason. With a living constitution, they can come up with anything.

Re: Safest places for coin storage
 

You only own what you can carry in two hands and your back at a dead sprint in the middle of night, while being chased by men with guns, dogs and flashlights.

Re: Safest places for coin storage
 

Damn - I thought they were zombies..............and tossed all my silver at them to stop their.............


WAIT! That's vampires...........



Now I REALLY feel stupid..............


:banghead: