How do you store your bullion

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Re: How do you store your bullion

Postby 68Camaro » Tue May 10, 2011 7:12 pm

Just *one* pint?....
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Re: How do you store your bullion

Postby 68Camaro » Tue May 10, 2011 7:13 pm

Morsecode wrote:
hejira11 wrote:All of my Silver is safe in SLV shares. :D


Yes, that's what I meant to say.
;)


I have pretend PSLV shares, not real ones. Isn't that what the P stands for?
In the game of Woke, the goal posts can be moved at any moment, the penalties will apply retroactively and claims of fairness will always lose out to the perpetual right to claim offense.... Bret Stephens
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
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Re: How do you store your bullion

Postby 999Ni » Tue May 10, 2011 8:24 pm

Guys, never use one of those little safes that a thief can just walk away with. Make sure its massive or bolted down.

And I would never trust a bank to store my bullion...Confiscation could be a possibility or am I just paranoid? :?
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Re: How do you store your bullion

Postby BOHICA » Tue May 10, 2011 9:25 pm

999Ni wrote:Guys, never use one of those little safes that a thief can just walk away with. Make sure its massive or bolted down.

And I would never trust a bank to store my bullion...Confiscation could be a possibility or am I just paranoid? :?


Empty, mine weighs over 1,700 lbs. Full, it has to be closer to 3,000. :o

I also went overboard with giant lag bolts set into the concrete floor.
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Re: How do you store your bullion

Postby NickelExpress » Tue May 10, 2011 11:01 pm

BOHICA wrote:
999Ni wrote:Guys, never use one of those little safes that a thief can just walk away with. Make sure its massive or bolted down.

And I would never trust a bank to store my bullion...Confiscation could be a possibility or am I just paranoid? :?


Empty, mine weighs over 1,700 lbs. Full, it has to be closer to 3,000. :o

I also went overboard with giant lag bolts set into the concrete floor.


No such thing as overboard when it comes to the protection of your property of yourself. At 1700 pounds I would guess its not a costco\sam's club special..Its hopefully a real safe, not just a conversation piece. There are quite a few videos around of safe testing around, its pretty scary how easy it is to get into what 95 percent of the population would consider a secure safe.
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Re: How do you store your bullion

Postby gettin copper » Wed May 11, 2011 3:57 am

lol at the guys who think a 3,000 pound safe bolted to the basement floor in 2 feet of concrete in plain view is a good idea. The old saying" don't hide all your eggs in one basket" really comes into play when hoarding pm's.

If I robb your house and see that safe, im instantly gonna:

A. back out of the property if I can go un-noticed and game plan how I can get into that safe.

b. If I alreadly tore up the house, now a confrontation is a must. Now I'm forced to wait till u come home and threaten to shoot your wife or kids, untill u crack the safe all because you went through the effort of trying to protect your valuables in a huge safe. Bigger the safe, bigger the risk if anyone see's it.


The only advantage a big visable safe can provide is a decoy. Leave it cracked open with 5% of your hoard, and hide the rest like smart people
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Re: How do you store your bullion

Postby gettin copper » Wed May 11, 2011 3:58 am

999Ni wrote:Guys, never use one of those little safes that a thief can just walk away with. Make sure its massive or bolted down.

And I would never trust a bank to store my bullion...Confiscation could be a possibility or am I just paranoid? :?



-1 on first sentence

+1 on second
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Re: How do you store your bullion

Postby Gamecock » Fri May 13, 2011 6:42 am

is it important to protect your stash from fire?
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Re: How do you store your bullion

Postby Mossy » Fri May 13, 2011 9:04 am

Gamecock wrote:is it important to protect your stash from fire?

Gold and silver both have low melting points, well below the temperature of a house fire. Both /could/ be salvaged as puddle melts (if you could find the puddles), but they would need to be sent to a refiner to purify, and that costs money. I don't think I'd want the extra expense while finding a new home.
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