Storing Gold

[sn1p3r]

Re: Storing Gold

I can't believe there has been no mention of a safe, bolted to the floor? I would want at LEAST some of my gold on hand and accessible. Then again I would probably try to keep coins on hand and put bars in a safe deposit box or off shore with a vault service. I would never just 'bury' it, that's silly. You'd be better off building a small bunker, bolting a safe to the floor of the bunker and burying the bunker!

Also, what about hidden safes like floor safes?

Personally, I keep a small amount of Eagles split between 2 safes at 2 different locations. Having it all in a safe deposit box is just asking for trouble...

[goadam1]

Re: Storing Gold

The other night I hid gold in my underwear. How so much gold fit in my underwear I'll never know.

[jiimbergin]

Re: Storing Gold

I can't believe there has been no mention of a safe, bolted to the floor? I would want at LEAST some of my gold on hand and accessible. Then again I would probably try to keep coins on hand and put bars in a safe deposit box or off shore with a vault service. I would never just 'bury' it, that's silly. You'd be better off building a small bunker, bolting a safe to the floor of the bunker and burying the bunker!

Also, what about hidden safes like floor safes?

Personally, I keep a small amount of Eagles split between 2 safes at 2 different locations. Having it all in a safe deposit box is just asking for trouble...

Why is burying it silly? As a gardener, I assure you that I could bury anything somewhere in my acre of land where no one would ever find it.

[strittmatter]

Re: Storing Gold

Why is burying it silly? As a gardener, I assure you that I could bury anything somewhere in my acre of land where no one would ever find it.

Storing it in a safe deposit box at a local low volume mom-n-pop community bank two miles from home gives one a bit more peace of mind I suppose. With the talk you read and hear about vault raids and rumors of raids, I have no clue as to the real possibilities vs. the imagined.

What makes burying seem silly to me as well is that it prompts me to think it all the way through then I start to think I've turned doomer. A while back I did build a seal-tight capsule out of pvc pipe and pvc end caps, but no I have not put it to work..........yet.

[sn1p3r]

Re: Storing Gold

the reason I said burying is silly is because it is merely hidden not secure like a safe. now would someone ever find it? prob not but if they did there is nothing to deter them from taking it.

[rabot10]

Re: Storing Gold

The government tends to shut down gold money sites (e.g. egold) that threaten their currency. I prefer to work with a gold storage vendor who goes out of their way to avoid antagonizing the government in this regard.

Cow do you have data that goldmoney is like egold? From what I can see they are way different. Goldmoney isn't in the US for one, could list a few more but - to be honest i don't give a good flying fu%k just wondering. All I want is my PMs to be safe.

[thisandthat.nowandth]

Re: Storing Gold

I prefer to work with a gold storage vendor who goes out of their way to avoid antagonizing the government in this regard.

Sage advice.

[ThePythonicCow]

Re: Storing Gold

Cow do you have data that goldmoney is like egold? From what I can see they are way different. Goldmoney isn't in the US for one, could list a few more but - to be honest i don't give a good flying fu%k just wondering. All I want is my PMs to be safe.

I have no such data.

But I do have a GoldMoney account, as well as a BullionVault account. My strategy is not to put all my eggs in one basket.

[Prazak]

Re: Storing Gold

What I like better about goldmoney compared to bullionvault is that goldmoney will send you back your cash to any place you have a bank account in the name that is the same as the bank account the money was sent from.

My discussions with Bullionvalt were that they would only send it back to the same bank account.

I've spoken and exchanged writings with BullionVault about this, and their response leads me to believe they are more flexible on this point than their published policies indicate.