Safe storage of silver - advice sought

goldpelican said:
Problem with Pelican cases (although the brand name is awesome) is they are a rather obvious "good stuff inside!" sign to a thief.
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i've been thinking about this and may have came up w/ a decent plan. get a cheap safe. something like a 100 dollar wal mart job. then bolt it to a stud in the master bedroom closet.

buy a little pile of fake diamonds off ebay or something and put them in a little felt bag. maybe put a few hundred bucks fiat in the safe too. if a thief enters my place when i'm not home they will focus their attention (time) on jacking open the cheap safe. grab the cash and "diamonds" and beat it. if i'm the victim of armed robbery, they force me to open the safe. i oblige and all i'm out is a couple hundred bucks and some fake diamonds. my real stack remains safely hidden elsewhere.

*edit for spelling
 
My advice would be not to get a safe and 'pay yourself' the 'safe money' for being creative instead.

And definitely spread the 'risk' around; do not store all in one place; I could never do that. I know someone that had a safe ripped out of their wall. If they know it's there, you're f*^#ed.

That's all I've got.
 
Cimexus said:
Question from earlier in this thread: someone mentioned PVC + silver is a no-no.

Question: I have some rolls of Silver Eagles in the standard plastic US Mint tubes (the squarish ones with the green top that says 'US Treasury'). Are these tubes PVC?
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Apparently the ASE tube bodies are made of Polyethylene, and the tube caps are made of Polypropylene, so should be OK, but personally I don't know 100%.

But there is a simple test you can perform to find out for sure, although you will probably need a spare tube, as the test is destructive.

This test determines whether a plastic contains PVC or polyvinylidene chloride, both chlorine-containing plastics. To carry out the test you will need a small propane torch and a copper wire.

1. Heat the copper wire in the flame of the torch until it burns cleanly. (Make sure you are not holding the wire in your hand or it will burn!) This serves to burn off any unwanted residues that might be on the wire.

2. Touch the hot wire to the coin tube so that some of the tube melts and sticks to the wire.

3. Put the wire back into the flame.

If the flame burns yellow or clear, no PVC present. If the flame burns bright green, then some PVC is present.

Copper by itself burns cleanly, but produces a green flame (copper chloride) when combined with a compound containing chlorine ( e.g., PVC)
 
Pirocco said:
Well, there are two kinds thieves in this story. The first one visits you and is illegal, the other doesn't need to visit you and does it legal. So chosing is weighting these risks against eachother.
The legal one is adding regulation, lower cash limits, demand banks to report, stop bank secrecy, and it could be that when the time is there that the latter thief becomes the biggest threat, that its too late.
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Amen to that.
 
wrcmad said:
Cimexus said:
Question from earlier in this thread: someone mentioned PVC + silver is a no-no.

Question: I have some rolls of Silver Eagles in the standard plastic US Mint tubes (the squarish ones with the green top that says 'US Treasury'). Are these tubes PVC?
Click to expand...


Apparently the ASE tube bodies are made of Polyethylene, and the tube caps are made of Polypropylene, so should be OK, but personally I don't know 100%.

But there is a simple test you can perform to find out for sure, although you will probably need a spare tube, as the test is destructive.

This test determines whether a plastic contains PVC or polyvinylidene chloride, both chlorine-containing plastics. To carry out the test you will need a small propane torch and a copper wire.

1. Heat the copper wire in the flame of the torch until it burns cleanly. (Make sure you are not holding the wire in your hand or it will burn!) This serves to burn off any unwanted residues that might be on the wire.

2. Touch the hot wire to the coin tube so that some of the tube melts and sticks to the wire.

3. Put the wire back into the flame.

If the flame burns yellow or clear, no PVC present. If the flame burns bright green, then some PVC is present.

Copper by itself burns cleanly, but produces a green flame (copper chloride) when combined with a compound containing chlorine ( e.g., PVC)
Click to expand...

I'd rather just assume that the US Treasury know what to store silver in and hope for the best!
 
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