Realcent.org

Base Metal & Precious Metals Forum

Skip to content

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.

Please Note: These articles are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.
Post a reply

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
User avatar
AGgressive Metal
Realcent Moderator
 
Posts: 5927
Joined: Sat Dec 13, 2008 10:00 am
Location: Portland
Top

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
User avatar
blackrabbit
Post Hoarder
 
Posts: 2360
Joined: Tue Aug 17, 2010 3:00 pm
Location: Colorado
Top

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.
scrapman1077
Penny Hoarding Member
 
Posts: 915
Joined: Mon Apr 12, 2010 10:00 am
Location: Northeast Alabama
Top

Re: PM Fire incident recovery

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

Line your safe with aerogel.

Image
User avatar
natsb88
Too Busy Posting to Hoard Anything Else
 
Posts: 8425
Joined: Thu May 01, 2008 3:00 pm
Location: The Copper Cave
Top

Re: PM Fire incident recovery

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

Devil Jell didn't work too well in test trials...
Attachments
image.jpg
image.jpg (72.72 KiB) Viewed 515 times
User avatar
Diggin4copper
1000+ Penny Miser Member
 
Posts: 1374
Joined: Sun Jan 16, 2011 10:35 am
Location: Southeastern Mass
Top
Post a reply

Return to Silver Bullion, Gold, & other Bullion Metals

Who is online

Users browsing this forum: No registered users and 4 guests

Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group