Storing PM's at home

[Jayhawk]

I was curious what methods folks used for their PM's when taking physical delivery. Floor safe bolted to the ground? Other methods?

Thanks!:cool:

[*T*]

In a safe encased in concrete in the basement of a trusted third party living in the country.

[tombat1913]

buried somewhere on 40 acres.

[metalman]

buried somewhere on 40 acres.

bingo. but don't forget where :eek:

[Andreuccio]

bingo. but don't forget where :eek:

I've got about 1/2 an acre that's mine. If I go out to 40 acres odds are it'll end up on someone else's property. Do you think that's a problem? :D

[Jayhawk]

Really? You guys are burying it in the yard? :cool:

Do you do it secretly at night?

I'm starting to get paranoid.:D

[krakknisse]

PMs?What PMs? Silly guy, suggesting that my bank is not safe. Never heard such non-sense!

[c1ue]

Several considerations to storing gold:

1) Are you ever going to need it? If it is mad money, then putting it somewhere and NEVER GOING THERE is relatively fine. But then, few people can resist checking on their stashes regularly.

Its the spending and/or checkups which get you in trouble. People tend to wonder why you spend so much time in the yard doing nothing in particular.

2) Burying it in the yard is nice, but what happens if you get hit by a bus? Will your family be able to find it? Do they even know you have it?

The further the information spreads, the greater the risk of a leak.

3) Transportation: Let's say TSHTF big time. Mad Max. How are you going to move it? Even 100 oz. bar is a major burden if you're walking.

One possibility is keeping an old car - 60s era - which has been disabled via the removal of several key parts. The PMs can be built into the frame somewhere, and if TSHTF, re-installation of parts and driving away can be fairly quick. Something non-collectible. This way you can bring your food and ammo supply too.

"The Treasure of the Sierra Madre" is a great resource on gold stashing issues.

:rolleyes:

[algerwetmore]

I like the old car idea-preferably no hubcaps, a variety of color schemes:):D, even a bit of bondo on the body.:D

[tombat1913]

I've got about 1/2 an acre that's mine. If I go out to 40 acres odds are it'll end up on someone else's property. Do you think that's a problem? :D
Nobody in their right mind would bury gold on somebody elses land, which is exactly why nobody would look there. BRILLIANT! :D

[tombat1913]

Really? You guys are burying it in the yard? :cool:

Do you do it secretly at night?

I'm starting to get paranoid.:D
No not at night, too much poison oak to get into.

If that makes you paranoid you ought to stay away from EJ's latest commentary, you'll need a straight jacket.

[we_are_toast]

I live in a place that has plenty of badgers that dig nice round holes about 18" deep. I'm thinking of putting my PM's in one of the holes. Anyone crazy enough to stick their arm down a badger hole deserves what they find. :p

[jimmygu3]

Several considerations to storing gold:

1) Are you ever going to need it? If it is mad money, then putting it somewhere and NEVER GOING THERE is relatively fine. But then, few people can resist checking on their stashes regularly.

Its the spending and/or checkups which get you in trouble. People tend to wonder why you spend so much time in the yard doing nothing in particular.

2) Burying it in the yard is nice, but what happens if you get hit by a bus? Will your family be able to find it? Do they even know you have it?

The further the information spreads, the greater the risk of a leak.

3) Transportation: Let's say TSHTF big time. Mad Max. How are you going to move it? Even 100 oz. bar is a major burden if you're walking.

One possibility is keeping an old car - 60s era - which has been disabled via the removal of several key parts. The PMs can be built into the frame somewhere, and if TSHTF, re-installation of parts and driving away can be fairly quick. Something non-collectible. This way you can bring your food and ammo supply too.

"The Treasure of the Sierra Madre" is a great resource on gold stashing issues.

:rolleyes:

All these are great suggestions. I noticed nobody mentioned a safety deposit box....

As for my PMs (if I had any), as a wise man once said, "The best way to keep a secret is don't tell nobody."

Jimmy

[jtabeb]

All these are great suggestions. I noticed nobody mentioned a safety deposit box....

As for my PMs (if I had any), as a wise man once said, "The best way to keep a secret is don't tell nobody."

Jimmy


Hypehetically, 1 ounce gold CND maples will fill into a D-cell Mag light as well. The more cell's the more could fit, and it you put in batteries BEHIND the coins, the flashlight will still operate normally. (hypethetically of course)

[friendly_jacek]

All these are great suggestions. I noticed nobody mentioned a safety deposit box....


Executive order: By virtue of the
authority vested in me by Section 5(B) of
The Act of Oct. 6,
1917, as amended by section 2 of
the Act of March 9, 1933, in which
Congress declared that
a serious emergency exists, I as
President, do declare that the national
emergency still exists;
That the continued private hoarding
of gold and silver by subjects of the United
States poses a
grave threat to the peace, equal
justice, and well-being of the United
States; and that appropriate
measures must be taken immediately
to protect the interests of our people.
"Therefore, pursuant to the above
authority, I herby proclaim that such gold
and silver holdings
are prohibited, and that all such
coin, bullion or other possessions of gold
and silver be tendered within fourteen days
to agents of the Government of the United
States for compensation at the
official price, in the legal tender of
the Government. All safe deposit boxes in
banks or financial
institutions have been sealed,
pending action in the due course of the
law. All sales or purchases
or movements of such gold and
silver within the borders of the United
States and its territories,
and all foreign exchange
transactions or movements of such metals
across the border are herby prohibited.
"Your possession of these
proscribed metals and/or your maintenance
of a safe-deposit box to
store them is known to the
Government from bank and insurance
records. Therefore, be advised
that your vault box must remain
sealed, and may only be opened in the
presence of an agent of
The Internal Revenue Service.
"By lawful Order given this day,
the President of the United States."

Franklin D. Roosevelt

[grapejelly]

Trading with the Enemy Act = Confiscation of Gold is A-Okay!

[quote\]Page 1 <nobr>TRADING WITH THE ENEMY ACT (“TWEA”)</nobr>
<nobr>UNITED STATES CODE </nobr>
<nobr>TITLE 50. WAR AND NATIONAL DEFENSE</nobr>
<nobr>TITLE 50 APPENDIX -- WAR AND NATIONAL DEFENSE</nobr>
<nobr>TRADING WITH THE ENEMY ACT OF 1917</nobr>
<nobr>ACT OCT. 6, 1917, CH 106, 40 STAT. 411</nobr>
<nobr>Sec. 5. Suspension of provisions relating to ally of enemy; regulation of transactions in foreign</nobr>
<nobr>exchange of gold or silver, property transfers, vested interests, enforcement and penalties</nobr>
<nobr>(b) (1) During the time of war, the President may, through any agency that he may designate, and</nobr>
<nobr>under such rules and regulations as he may prescribe, by means of instructions, licenses, or</nobr>
<nobr>otherwise--

</nobr> <nobr>(A) investigate, regulate, or prohibit, any transactions in foreign exchange, transfers of credit</nobr> <nobr>or payments between, by, through, or to any banking institution, and the importing, exporting,</nobr> <nobr>hoarding, melting, or earmarking of gold or silver coin or bullion, currency or securities, and</nobr>
<nobr>(B) investigate, regulate, direct and compel, nullify, void, prevent or prohibit, any acquisition</nobr>
<nobr>holding, withholding, use, transfer, withdrawal, transportation, importation or exportation of,</nobr>
<nobr>or dealing in, or exercising any right, power, or privilege with respect to, or transactions</nobr>
<nobr>involving, any property in which any foreign country or a national thereof has any interest,</nobr>
<nobr>by any person, or with respect to any property, subject to the jurisdiction of the United States;</nobr>
<nobr>and any property or interest of any foreign country or national thereof shall vest, when, as,</nobr>
<nobr>and upon the terms, directed by the President, in such agency or person as may be designated</nobr>
<nobr>from time to time by the President, and upon such terms and conditions as the President may</nobr>
<nobr>prescribe such interest or property shall be held, used, administered, liquidated, sold, or</nobr>
<nobr>otherwise dealt with in the interest of and for the benefit of the United States, and such</nobr>
<nobr>designated agency or person may perform any and all acts incident to the accomplishment or</nobr>
<nobr>furtherance of these purposes; and the President shall, in the manner hereinabove provided,</nobr>
<nobr>require any person to keep a full record of, and to furnish under oath, in the form of reports</nobr>
<nobr>or otherwise, complete information relative to any act or transaction referred to in this</nobr>
<nobr>subdivision either before, during, or after the completion thereof, or relative to any interest</nobr>
<nobr>in foreign property, or relative to any property in which any foreign country or any national</nobr>
<nobr>thereof has or has had any interest, or as may be otherwise necessary to enforce the provisions</nobr>
<nobr>of this subdivision, and in any case in which a report could be required, the President may, in</nobr>
<nobr>the manner hereinabove provided, require the production, or if necessary to the national</nobr>
<nobr>security or defense, the seizure, of any books of account, records, contracts, letters,</nobr>
<nobr>memoranda, or other papers, in the custody or control of such person.

</nobr> <nobr>(2) Any payment, conveyance, transfer, assignment, or delivery of property or interest therein, made</nobr>
<nobr>to or for the account of the United States, or as otherwise directed, pursuant to this subdivision or</nobr>
<hr><table style="width: 690px; height: 18px;" border="0"><tbody><tr><td align="right" bgcolor="#eeeeee"></td></tr></tbody></table>
<nobr>any rule, regulation, instruction, or direction issued hereunder shall to the extent thereof be a full</nobr>
<nobr>acquittance and discharge for all purposes of the obligation of the person making the same; and no</nobr>
<nobr>person shall be held liable in any court for or in respect to anything done or omitted in good faith in</nobr>
<nobr>connection with the administration of, or in pursuance of and in reliance on, this subdivision, or any</nobr>
<nobr>rule, regulation, instruction, or direction issued hereunder.</nobr>

[Jayhawk]

Good feedback, thanks everyone.