i reckon if you have made the effort to exchange fiat for metal....why would you introduce third party risk?
If you dont hold it you dont own it...
think of this scenario..............the gubbermint gets wind of some chatter that
a person or group is going to do some harm in the city and that weapons/money/assets are
held in a SDB.....The police may then demand access to all SDB in the area,,,....
You advised of this after the fact..If this happened, do you have receipts proving legal ownership?
http://www.bbc.com/news/magazine-32223768
In 2008 police raided three safe deposit box centres in London as part of an investigation into claims that criminal networks were using them to store the proceeds of crime. Inside 3,497 boxes, officers found more than 50m in cash as well as five handguns, cannabis, heroin and crack, gold bars, child abuse images, three paintings by 17th Century Dutch artists, jewellery and fake passports.
here is the NAB's terms and conditions on storage:
http://www.nab.com.au/personal/help...onditions-for-safe-custody-services#part-a-13
Namely....(13. Access to property by Law Enforcement and other Officers
13.1 We may comply with a requirement for access to a safe custody item arising from an order of a court or other judicial or administrative body, statutory notice or demand, or request made by any police officer, taxation officer or other officer of or representing Australia or a State or Territory.
13.2 After giving such access, we may permit the removal of all or any part of the property held in safe custody, without prior notice to you. We will not be liable to you for any damage to, or removal of property, nor any consequential action taken against you following access, in these circumstances.
custodian vault in sydney.....http://custodianvaults.com.au/wp-content/uploads/2014/05/46.pdf
7.6 In the event that a duly authorised representative of a Governmental Agency serves upon the Company a legal demand to access a Box, or information held by it about the
Licensee, the Company will comply with such a request. The Company expressly disclaims any liability for any loss or damage suffered by the Licensee in such an instance.
All other attempts to access a relevant Box or information held by the Company about a Licensee will be resisted by the Company unless the Licensee has instructed the
Company in writing otherwise. All costs incurred in resisting access will be borne by the Licensee.
10.1 Where the Licensee fails to comply with all or part of clause 9.3 or 9.4, the Company may open the relevant Box, remove its contents and may in its discretion and without
notice to the Licensee:
1. sell or otherwise dispose of such contents in such manner as the Company determines in its discretion; and
2. apply the proceeds of sale first towards payment of any outstanding Fees and other related costs with the balance refunded to the Licensee (where such balance
exceeds $100); and
3. move any unclaimed Property to another location
18.4 We may refuse any person access to the Vault Facility or to their Property where required to do so by lawful instructions, notices, orders or directions)
Or a bank may just close down a branches SDB facility....
http://www.smh.com.au/business/banking-and-finance/run-for-the-deposit-boxes-20130130-2dkpn.html
