Storing metal at home... a warning

Having trouble visualising that one, sorry.

 

Silly drongo. But I think that trawling through what by now must be millions of tonnes of rubbish for 50 kg of gold id suitable punishment. Not quite Darwin Award status but he has potential.

I learned years ago, when I did Outward Bound, that garbage bags are for ..... wait for it ...... garbage (apologies to our North Americian friends; garbage = trash). My wife has a tendency to throw things without looking - so nothing of any value goes into plastic bags!

My grandmother died. My mother and aunt were cleaning up. Lots of cardboard tubes from toilet paper rolls with the ends stuffed with toilet paper. Grandmother had a fireplace, it was winter, so, into the fire they went. Can't remember who it was who first spotted the $50 notes burning inside the rolls but I do know they both got burnt (minor) raking the toilet roll centres out of the fire! Grandmother had lived through the 1929 Depression and didn't trust banks. What thief would nick hundreds of toilet roll centres with toilet paper stuffed in the ends and chucked under her bed?????

And that's the problem with hiding stuff anywhere and telling no one about it. If you die or are otherwise incapacitated, you'd better hope they read that treasure map you left before chucking your stuff!!!

Does anyone have a suggested solution to this issue? What do you do?

 

I have sealed envelopes with several relatives containing important passwords and safe combinations that they can open if I get hit by a bus. I make a point of swapping the envelopes with new ones every 6-12 months with updated information (and just to check nobody is peeking).

My family know the envelopes have details for where to find enough of my stack to cover the cost of my funeral and estate expenses, so they'll defiantly open them before they start chucking out my stuff.

 

let's face it, gold and silver comes out of the GROUND,
so it is natural for them to be homesick and want to go back UNDERGROUND.

people hoarding them will somehow forget and help the returned of their gold and silver into the ground. this is a true statement, if you try to find gold and silver in the sewer with modern metal equipment, you can mine them real fast

who do not love to clean the precious metals? the dust will go in the sewer and back underground.
if you wear a ring, then you are doing it every single day

well people throw things, including gold watch, plastic money and so on...

 

talking about throwing away money
my wifes parents about 15-20 years ago:

the mum in law hid 10k at the bottom of the bin....dad came along and did the manly thing back then : ie taking out the garbage
they didn't recover it...ouch... back then 10k was alot of money

 

My God for the one and only time all 3 of us are in agreement!!!!



REDBACK

 

QUICK!!!!!!!!!!Buy Lottery tickets. Buy Gold and Silver. Buy platinum and palladium. Buy BMW's and machine guns with ammo! All the stars and planets are aligned and surely the world as we know it is ending!!!

Redback, Yippe-Ki-Ya AND Big A.D. agree on something!!!!!!!

 

If you can't hold it you don't own it.

Also many smart people here in the south bury their stash.

ps I metal detect regularly its my 2nd favorite hobby next to video games. I can assure you unless someone knows you're invested in precious metals they wouldn't metal detect private property.

Where live people don't trespass to rob unless they already know something is buried there.

Like two months ago a couple from south FL was on their way to a coin show in central FL and about an hour from my house they flipped their SUV which was carrying over 1 million dollars worth of coins.

You couldn't even get near the site to metal detect.

 

My great grandparents burnt the weeks earnings in the oven once.

It gave new meaning to the term "cook the books".

 

Depends how smart you are.

I know divers who have buried their stash in lakes cemented in concrete blocks. Only the person who put it there is going to find it.

For instance my stash if you were able to find it you deserve to have it. Just like if you throw it away then you deserve to be called an idiot as the general consensus of the community agrees with.

Id be more worried about letting the government hold it and laws changing over night. Government gold confiscation is a very real fear and plausible.

Laws on precious metals are constantly changing all the time.

Usually only the guys with too big of a stash get too scared to handle the responsibility on their own.

 

Being a Buddhist thats what i love about this site.

The Supreme absolute Harmony..Keeps me coming back

Ohhh and the 5 Noble Truth's

 

Buy a safe. It's not that expensive.

 

Bolted-down safes can get ripped out of walls and floors if thieves are determined enough, or you can get robbed. There was the story of a Canadian man who lost $715k worth of PM in a home invasion in Feb this year I think, where 3 burglars tied him up and forced him to open his safe.

Really there's no perfect solution. You can bury it or hide it but then it can easily be forgotten or misplaced. Telling other family members can help reduce that risk but then word can spread that you've got PM at home or elsewhere. Even storing my PM at GV in Melb carries some counterparty risk (albeit extremely low) since I need to travel 1hr to access it & it's in the middle of the CBD.

 

It might have been 9ct in which case, not so bad right???

 

That seems just plain stupid to me. Effective i guess but what a hassle/risk to retrieve. But then you are in the USA with the talk of confiscation. Still, i think i'd be replastering the walls before burying it in a lake where tidal movements may mean it is several metres below the bed level upon retrieval.

 

They only pay on the pure gold content after an XRF check, they won't pay you for the tin, silver or cheesecake it's alloyed with.

 

OMFG YOU CAN GET THAT?!?

 

how many akxx or mxx do you want to buy, some tons of lead come in barrel?

delivery by helllecopter. or a ship craft

 

Well robbery and stupidity often go hand in hand, but at least you stand less chance of throwing out a bolted down safe accidently.