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Precious Metal Storage

3969 Views 26 Replies 14 Participants Last post by  USPrepperSupply
I don't have the bulk of my investments in metals, but I do have a pretty good sum. I consider this an insurance policy more than anything, for a worst case scenario. And it wouldn't take a full upheaval to make it very useful indeed. Imagine if you lived in Poland in 1938 or Germany in 1946 and had a few gold coins to use bribing your way out of the country.

Most of it was acquired six or seven years ago, so I was lucky in terms of the price I paid. However, I started to get pretty nervous about it as the price went up. It seems that it made me a pretty big target for a robbery--not that anyone around here would know I have it. But people still have ways of figuring these things out. So I moved it to a safe deposit box at the local bank, where it has been for several years.

But doesn't that kind of defeat the point? If you need your emergency gold and silver the proverbial brown stuff has already hit the rotating assembly of blades and is flinging in all directions. Banks might fail or have their assets confiscated by the government, and if that happens, the first thing they'll do is plunder the safe deposit boxes. Of course they would confiscate my belongings, and if I were lucky, I might get paid in rapidly depreciating pieces of paper.

So if storing at home is too dangerous and storing at the bank is pointless, what's left? Watch the news carefully and run to the bank when things look iffy?
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This is the problem I have with those *&%! online passwords. You have to use different ones in case one account gets hacked, which means you need a list. But as soon as you have a list you're at risk of either losing it or having it stolen and then someone has all your account information in one handy location.
As to the list, there is no way I would ever store that on my computer, much less on the "cloud". My grandkids probably know as much about hacking as the NSA, not that they would ever use it for illegal purposes. Doesn't that give you an idea about how "safe" things are in "space"?
I have not read anything about encouraging you to have a dog or dogs at home. I have a German Shepard and she gives me great peace of mind, as she is a great Guard dog. I think having multiple dogs weather there inside or outside is a great thing. Yes I know that they could just kill the dog and still break-in. That's why I think it would be better to have multiple dogs, inside and outside. You have to have a lot of guts to kill someone's pet. If they did shoot the dog or dogs that could give someone more warning that someone is breaking into your house. It could give you more time to prepare if you were at home during a break in.
The best dog to have as a watch dog is one of those little yappy dogs like a toy poodle or Chihuahua. They are hard to hit with a weapon and make so much noise half your neighbors will be awake too. Maybe even the one that lives a mile from you.
Why not store your valuables in a floor safe or something similar?

This is the problem I have with those *&%! online passwords. You have to use different ones in case one account gets hacked, which means you need a list. But as soon as you have a list you're at risk of either losing it or having it stolen and then someone has all your account information in one handy location.
I store my passwords using KeePass. The database is in my DropBox folder, so I can access it from any computer (and my smartphone). Another option with strong encryption would be TrueCrypt.
I have not read anything about encouraging you to have a dog or dogs at home. I have a German Shepard and she gives me great peace of mind, as she is a great Guard dog. I think having multiple dogs weather there inside or outside is a great thing. Yes I know that they could just kill the dog and still break-in. That's why I think it would be better to have multiple dogs, inside and outside. You have to have a lot of guts to kill someone's pet. If they did shoot the dog or dogs that could give someone more warning that someone is breaking into your house. It could give you more time to prepare if you were at home during a break in.
I have a golden retriever. He never barks and if someone broke in, would lead the thief around, tail wagging, to show him all the good stuff.

In the plus side, the kids love him.
I pulled out all my great grandmother's silver serving dishes and antique items like bowl holders and stuff and they turned BLACK. I'll have to clean everything from square one.
I don't have the bulk of my investments in metals, but I do have a pretty good sum. I consider this an insurance policy more than anything, for a worst case scenario. And it wouldn't take a full upheaval to make it very useful indeed. Imagine if you lived in Poland in 1938 or Germany in 1946 and had a few gold coins to use bribing your way out of the country.

Most of it was acquired six or seven years ago, so I was lucky in terms of the price I paid. However, I started to get pretty nervous about it as the price went up. It seems that it made me a pretty big target for a robbery--not that anyone around here would know I have it. But people still have ways of figuring these things out. So I moved it to a safe deposit box at the local bank, where it has been for several years.

But doesn't that kind of defeat the point? If you need your emergency gold and silver the proverbial brown stuff has already hit the rotating assembly of blades and is flinging in all directions. Banks might fail or have their assets confiscated by the government, and if that happens, the first thing they'll do is plunder the safe deposit boxes. Of course they would confiscate my belongings, and if I were lucky, I might get paid in rapidly depreciating pieces of paper.

So if storing at home is too dangerous and storing at the bank is pointless, what's left? Watch the news carefully and run to the bank when things look iffy?
If you ain't holding it, you don't OWN it!
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