Safety Deposit Box

Discussion in 'General Precious Metals Discussion' started by ScottyRS, Jun 24, 2014.

  1. ScottyRS

    ScottyRS New Member

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    Hi All,

    I expect most of you already have safes at home. I for one do... purchased for hard drives, important documents, keys etc...

    I'm brand new to stacking so if anyone traces by address and wants to take my safe... good luck selling my expired passport and hard drives full of family photos.

    So...

    The plan is to start purchasing gold next year. I know quite a few of you already have very expensive stacks of it. Lets just say... "if" you did have a good stack, would you put it in a security deposit box?

    Likewise... do some of you already do this to hide the investment away from your other halves?

    A cost of a box in my local area is around 120-160 a year ($203 USD - $271) but it does mean that all your expensive or important bits are extremely safe from thieves taking it all from your house.






    Discuss...
     
    ScottyRS, Jun 24, 2014
    #1
  2. whinfell

    whinfell Well-Known Member Silver Stacker

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    whinfell, Jun 24, 2014
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  3. Mr Medved

    Mr Medved Member

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    No. That's not a great way to build trust.
     
    Mr Medved, Jun 25, 2014
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  4. REDBACK

    REDBACK Well-Known Member Silver Stacker

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    Lots of personal security related questions on a public forum.Scares me to answer if I must be frank.

    REDBACK
     
    REDBACK, Jun 25, 2014
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  5. scone

    scone Active Member Silver Stacker

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    O.O you trust your partner with your gold? aren't they the SHTF scenario we are all protecting ourselves from
     
    scone, Jun 25, 2014
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  6. DanielM

    DanielM Active Member Silver Stacker

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    Aslong as they put in half the work they DESERVE half of everything, it's not fair to cheat them out of anything
     
    DanielM, Jun 25, 2014
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  7. DanielM

    DanielM Active Member Silver Stacker

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    Not to mention if anyone goes to that length and distrust then something is already not right in the relationship
     
    DanielM, Jun 25, 2014
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  8. scone

    scone Active Member Silver Stacker

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    O.O you trust your partner with your gold? aren't they the SHTF scenario we are all protecting ourselves from
     
    scone, Jun 25, 2014
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  9. Mr Medved

    Mr Medved Member

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    Would you take that attitude with a business partner as well? I wouldn't want to be in any relationship with you by the sounds of it.
     
    Mr Medved, Jun 25, 2014
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  10. scone

    scone Active Member Silver Stacker

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    To right on that 1, I'm not getting in a relationship with a MR anyone.

    I would have put an icon but there is no sarcasm 1 to use. Hope your not another stick in the mud
     
    scone, Jun 25, 2014
    #10
  11. anonmiss

    anonmiss Active Member Silver Stacker

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    Just a quick bit of useless information if your storing your hard drives full of family photos in a fire proof safe they may need to be placed in a lead lined sleeve as during a fire the temperature may create an electromagnetic frequency that will erase digital data in the safe. (I hope I used the correct technical terms if not can some one correct me.)
     
    anonmiss, Jun 25, 2014
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  12. BiGs

    BiGs Active Member

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    All depends on individual situation regarding a SDB. Whether you trust the people you live with, whether you live in a street accessible house, or a top floor security apartment. Size of PM stack is important also, as well as being able to keep to a preferred GSR. A lot of people are forced to buy gold just because of its uber dollar density over silver.
     
    BiGs, Jun 25, 2014
    #12

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