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PM Fire incident recovery

This forum is for discussing hunting and collecting US and Canadian circulation Silver Bullion Coins, other types of minted bullion, and other types of precious and base metal investments other than Bullion Pennies and Nickels.

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PM Fire incident recovery

Postby AGgressive Metal » Wed Feb 10, 2016 7:34 pm

For those of you storing PMs in a safe or fire safe, in the event of major fire, there is a of course a chance the PMs could melt (in a major structural fire that isn't put out promptly). In that event the blob will be able to be refined and you'll have some recovery, even if only 80% or whatever the case. i was just thinking though, would it therefore make sense to store all the gold in one spot and all the silver in another - possibly even segregating 90 and 999, so that your worst case scenario blobs are more easily refined. Thoughts?
And he that hath lyberte ought to kepe hit wel
For nothyng is better than lyberte
For lyberte shold not be wel sold for alle the gold and syluer of all the world
-Aesop's Fables, Caxton edition 1484

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Re: PM Fire incident recovery

Postby blackrabbit » Wed Feb 10, 2016 9:13 pm

Keep them in cast iron breadpans if a fire happens you'll have some sweet bars! :lol: Steel ammo cans might work but it sure will be hard prying it out of there.
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered....The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
-Thomas Jefferson
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Re: PM Fire incident recovery

Postby scrapman1077 » Wed Feb 10, 2016 9:39 pm

No need to worry, the refinery will melt ,assay and pay you.
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Re: PM Fire incident recovery

Postby natsb88 » Thu Feb 11, 2016 1:19 am

Line your safe with aerogel.

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Re: PM Fire incident recovery

Postby Diggin4copper » Thu Feb 11, 2016 9:30 pm

Devil Jell didn't work too well in test trials...
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