Question on Banks

O

ounces

New Member
With the banks in Europe closing their doors,how safe is it to have your PMs in a safety deposit box.
If the banking system fails or your local bank can you still retrive your cash and PMs you have in their lock boxes.
Thanks
 
LOL safety deposit box is in the BANK which they would keep hold of, nothing is safe, take your gamble on criminals outside the bank, or the criminals that RUN the banks.
Nothing safe about a safety deposit Box, use a private vault facility.
 
Is there more than just Cyprus now? I tend to get the news a little slow. There is always risk with not having the metal in your possession. It's been stolen in the past it could happen again. Take possession and hide it!
 
There will inevitably be a global bank run as a domino effect. The war is on between the Rockerfeller and Rothschilds empires with each wanting to take each other down. The losers will be all of us in the fiat system so stackem while you still can.
 
iceblue said:
LOL safety deposit box is in the BANK which they would keep hold of, nothing is safe, take your gamble on criminals outside the bank, or the criminals that RUN the banks.
Nothing safe about a safety deposit Box, use a private vault facility.
Click to expand...

I agree, bank problems have a nasty habit of being contagious. Who knows how long before Australian banks start confiscation too? I'm in the process of moving to a private vault.
 
They aint reporting it. They would be crazy too. Listen to Gerald Celante on Cypress.

He also makes a very good point about Americans on food stamps. Food stamps are delivered electronically where possible. Imagine the 50 million Americans receiving them lining up on the streets to collect, like in the 30s.
 
ounces said:
With the banks in Europe closing their doors,how safe is it to have your PMs in a safety deposit box.
If the banking system fails or your local bank can you still retrive your cash and PMs you have in their lock boxes.
Thanks
Click to expand...

Hole in the ground. Let whoever you trust know where it is in case you die.

Run away from promises.
 
Not much stopping a private vault shutting up shop overnight and doing a runner with all the PM's...
 
iceblue said:
LOL safety deposit box is in the BANK which they would keep hold of, nothing is safe, take your gamble on criminals outside the bank, or the criminals that RUN the banks.
Nothing safe about a safety deposit Box, use a private vault facility.
Click to expand...
Yep.
And ran by people you know and trust. Not some dedicated official one, because official means on the govt 'to do in case' list.
 
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