Having a decoy safe, that's a really good thing to have, I have always had one, and two years ago I had my house broken into, he stole my decoy and pretty much wasn't worried about anything else, the next day on the news, there was a guy that got arrested at Walmart for trying to pay for his things with fake hundred dollars bills, he got 20 years in federal prison for that, all I can say is, karma is great.
@@diracflux I'm not sure about that, but I heard from a friend that, his friends cousins uncle said that one day he accidentally left some dollars in his pocket of his pants and washed them, he was bleaching the pants and when he got them out of the washer, he said that the one dollar bills he had in his pocket, they turned into a blank bill, he said that it would be so easy to print a hundred dollar face on the blank bill. But I don't know, I don't do things like that cause it's against the law.
I am over 70 yrs. old always lived in a safe neighborhood I have never had my home invaded. The chances of someone breaking in to steal anything are very very slim, only my daughters know about my stacking and they know not to mention it and probably never crosses their mind. I will play the odd's of over 70 years with no break in's, I am home 95% of the time me and my friends MR. Smith & Wesson.
Yes people way overestimate break ins and are almost obsessed with this idea people know they have gold and silver and are after it. Unless you live in a bad area or a city, you're probably highly unlikely to ever encounter any danger from burglary. A bolted or well hidden safe and a something that goes pew pew for insurance is all you need. Anyone saying you need anything else or having to go to all these extra lengths are just paranoid.
A secured storage on premises is highly advisable IMHO... depending on the quantity stored... once folks have more than 2-3 thousand ounces it could become a problem, NOT speaking from experience though
Nobody ever mentions about having a German Shepherd as a first layer, or line, of defense. Once a thief hears a German Shepherd's bark, they might think twice about breaking into your home. German Shepherds are very intelligent, so they are easily taught. And protecting the home and family is a natural thing for a German Shepherd. My German Shepherd is by far, the best friend I will ever have.
@@eliaspadilla876 Why? For speaking the truth? I have a Cane Corso. Weight is 145 pounds. One of the strongest dogs in the world. I'd love for somebody to try to break in
I'm a police officer with four years on patrol in a major city. Every single residential burglary I've worked was a smash a grab, in fact they oftentimes miss very valuable things in plain sight. My mother in law's house was broken into several years ago and they went straight to her bedroom closet. They stole a considerable amount of jewelry but they completely missed all of the silverware displayed in the china hutch and even cash set out on top of the kitchen countertop that was set for the maid.
Statistically, I agree with you. However, thieves are getting more brazen. My city has had thieves park moving trucks in front of the house and taking everything. Playing it off like they're movers. Home invasions as well, and took their time searching home while victim was held against their will. My bet is still on hiding somewhere very out of the way and not obvious.
Indeed. for the average person with no indication of excessive wealth, burglars are looking for items of high value which can be quickly converted to cash - jewelry, computers, guns, etc. Time is a big factor. Thieves want to get in and out. High wealth individuals have other issues. Their first defense is to keep their mouths shut. Never discuss personal wealth of a liquid nature, value of collectables, etc. Spread items and collections of valuables around. Project a low key lifestyle. Be aware of associations. Some people love to talk and should never be told anything - in fact, personal finances should never be discussed with anyone. Also, remember that professional theives have likely targeted their victims, done research, and know what they are coming for. They have metal detectors and will quickly scan walls and floors for heavy metal objections such as hidden safes. They have possibly contacted domestic servants who have knowledge of where valuable items are stored and make have been enticed into talking too much. Disgruntled friends, family, associates likely know more than you might imagine. Re-assess storage plans and locations when changes in relationships warrant. Think out of the box. With metal detectors being so prevalent and small in size, consider long term storage of pm's in sealed pvc pipes painted to look like old school plumbing and running along side similar pipes. With newer homes, this will be hard to since most new plumbing is pvc and a metal signal would be a dead give away. This trick is for long term storage since proper placement of decoy plumbing would not allow easy retrieval. With bullion, a percentage of the holdings (possibly 25%) could be left with trusted friends/relatives. This is more of a back-up against total loss at one location. These arrangements are termed bailments and should be documented in writing in the event of the death of the bailee (keeper of the items). Finally, don't overlook the value of insurance. Review homeowner policies for coverage. Consider special policies for unique items. Of all the suggestions mentioned in the vid, I like the decoy safe most of all. A pro can make off with a bolted down gun safe if s/he has reason to believe it will be worth their while. Get a serious decoy safe. Find a big, old school, serious looking safe that looks like it came from a jewelry store or old retail location. The decoy needs to be full of bricks to appear full if a thief tried to move it. If it moves too lightly, it will be seen as the decoy. Just think out of the box and remember that loose lips sink ships. I personally like the trunk of my beat up old car that barely runs and stays in my garage. No one would ever look there. It helps to have a decaying old body in it. The smell discourages the worst sorts of criminals (a dead rat is equal to a deal human in terms of stench and easier to replace from time to time.). Never overlook hiding in plain sight. Low end thieves know little about coins collections. Create some massive bogus collections with current change - quarters, nickels, dimes and put them in fancy folders. Leave then in a reasonably obvious location - designed for the thief to find. They will end up with a lot of weight and little value and leave quickly.
@@rdh53 Great points all. It is also a great idea to have an obvious safe as a diversion. Put some cash and low value coins in there. If someone gets the drop on you and you are forced at gunpoint to give something up you can give them the low value safe.
I was a cop for 32 years in the 7th largest city in the United States. Investigated 1000’s of residential burglaries. Crook always went into the master bedroom or office (if you have one) never stole anything out of a garage except the family car to haul away all the smalls and TV or other items they took. Only saw one attempt to bust open a gun/jewelers size safe. Weren’t successful. Small safes unbolted down got taken easily. Easy to carry. Monitored Alarms don’t work. Make your alarm ring loudly and audible to draw attention to themselves. They’ll leave sooner. Plus loud alarms hurt the ears. Natural to want to get away from that piercing sound. Crooks typically in and out in minutes. Usually have a back pack and want smalls like jewelry, iPhones, laptops.
Desiccant Horror Story: A year after my dad's death 40 years ago, I opened his stand-alone safe in the basement. He was a coin and stamp collector, not a stacker, and even had columns in both coin and stamp magazines, so had a variety of mint stamps, proof sets, medieval and ancient coins, etc. He had placed a can of desiccant about the size of a PB jar in the safe. It attracted moisture, then overflowed and continued to do so, flooding the safe and rusting out the floor of the safe. Sheets of stamps were stuck together, proof set containers were moldy and all the silver coins were now junk silver. The ancient and medieval coins were fine. I did not inherit my dad's love of coinage (or else I wouldn't have commented here). If somebody breaks into my house they will find motorcycles and tools. I just sought out this video so I could caution folks against making this same mistake. Monitor your storage environment and school your heirs on how to handle your collection.
Same thing happened to my fiancé's dads safe! He hadn't opened it in over 10 years and had those large desiccant jars in it. Ended up rusting up all his guns. It was a sad sight.
Thank you so much for sharing. It's really selfless of you to seek out this video to warn people. I'll remember this story and take your message to heart.
I'm comfortable storing ALL of my gold and silver at home. It is stored in ammo cans which are in a 2000 lbs gun safe. The safe is also bolted to the floor. The ammo cans are air tight and I have an electric dehumidifier in the safe. Every entry point to the house is reinforced. I have motion-activated cameras that upload video to the cloud. Everyone in the house has firearm training.
My dad showed me a great way to store stuff, which includes burying the containers. Said containers were at least 4" inner diameter, up to 6" PVC pipes, made to your length of preference (i suggest 2' or less, otherwise it gets really heavy), with one side having a pvc cap in conjunction w/pvc glue, and the other side was a pvc screw cap that you can use a crescent wrench to twist the square part open. Never saw any signs of degradation or moisture, when unearthed after years (decades) of being buried. Works for me!
I bought a pistol burying cannister of plastic, with a rubber seal. I sealed my "pew-pew" with a seal-a-meal too. Used a post hole digger. Luckily all I have is sand.
@Jeff C lemme guess, it wasnt a container made for underground storage, amirite? Of course I am. Dont go that route. What i mentioned above has already been tested for decades of burying it, so…..
What no one seems to think of is that it's not where you keep it prior to SHTF; it's where you keep it after -- because the first time you cash any of it in, or use it in barter, people are going to know and word will spread ... and at that point it becomes a problem keeping it.
So true, you’ll have to really watch that you’re not followed. Look into getting your doors hardened where it makes it much much harder to break in/ kick in. It def gives one plenty of time to make a call and get ready with what ever it is you need in hand toprotect you and what’s yours.
@@2olvets443 I store my silver outside the country. When the SHTF, I intend to scrabble for sustenance along with everyone else. There's no point in keeping something that people will kill to take away from you -- if not your neighbors, then the government. No; keep it for what rises from the ashes, once law and order are restored.
I'm a retired Police K-9 trainer. I have two German Shepherds as well and the work as a team. Once you are in, you will not be leaving and they both do groin bites! Now that's training.
Thats pretty crazy but smart. Ive been doing some thinking of how to start storing my gold and silver. Mines stored very well in an airtight weather proof box but i want some extra layers of security
I keep coins and rounds in airtight capsules and then keep the capsules in plastic food containers from the dollar store. Get containers that have a seal built into the cover and press down on the center of the cover when placing the cover. Makes a slight vacuum inside. The seal in the cover keeps the inside from breathing. I open them in the winter when the heat is on and the relative humidity is very low. We won''t talk about where I keep these containers. Great video.
You need to let one trusted family member know your hiding spot. My grandpa hid his money in his basement. After he died It took my dad and his brother a long time to figure out where the money because two of the basement walls were dirt below the first four feet of cinderblock. The question still remains whether or not they located it all before selling grandpa’s house. Also, a year or so after my friend’s husband died she discovered that her husband had hidden $18,000 of silver in his toolbox in the shed.
All my silver has been through a vacuum sealing machine, which has all the air removed, so your silver will always be in perfect condition! Also, if you bury your stash in the garden, it needs to be at least 7 feet down, otherwise, it can be detected by a good metal detector.
If you don't plan to access your stash, you might consider burying it, then cover the spot with a sidewalk or other concrete work with plenty of rebar in it. Rebar makes a metal detector kind of useless.
Great vidio guys, very informative. I do wonder if people are over thinking the use of gloves for bullion. I get wanting to keep them pristine but in the end you are probably stacking for the silver content and when that happens its going to be sold probably in bulk and you will only care about the number of ounces.
Reading the comments, it seems like too many people have the idea that their idea is the best for everyone else. Any storage solutions has its ups and downs...its strength always has a weakness depending on the circumstances. Don't pick one option!
I have one designated Silver Britannia that I handle with bare hands. I have put a small dot of nail varnish on the capsule, so I don't mix it up. Any of the mass-produced coins are great for that. It feels great and reminds of how much more precious some of the other ones are 🙂
Use .30 caliber ammo cans for your silver. They stack, have a sturdy handle, have a rubber gasket, and are watertight. I just throw in a silica gel pack or oxygen absorber. They are of a size that is manageable, even full, and are easily secreted in a lot of out-of-the-way places.
I use ammo cans for storage. Each can can hold $480-495 of 90% coins in tubes. There'll be enough room in the tubes to make it $500. They will also have enough room for a silica gel pack. They will fit a monster box of bullion coins. Don't go over $500 as the weight starts to become a problem for the handle.
I'm glad Yankee asked about the painting, I was also eyeing it when he mentioned a "behind the painting" safe i was like there's gotta be one there, but it's cool to see him using his own advice
I definitely believe in the layers of multiple locations. The odds are if they find one spot they'll think that's it and not look any further. And I have a midsized safe that I keep a little bit in as well. But just enough to hopefully throw them off. At least that's my personal opinion and I don't believe in safety deposit Box or storage facilities for my silver as well.
Yup that is exactly what i decided to do. I have them stored in some pretty good spots, mainly because of the weight if i had put all of it in one place. For example, Inside a cabinet speaker.
I store some of my stack at home because I have a part insured and a part I'll take the risk because it is stored in multiple layers what cost us a day to get it out but the problem is gold. Gold is easy to hide. A bar here and there but if they are found you lost a lot. So a special bullion storage facility where you pay 0,5% yearly I think its better because I stack for the economic collapse not for 30-50 years than it will become too expensive. That company don't lend out anything 3very ounce you store is accessible when you want and they have no financial risk and maybe the little financial risks are insured. But what do you do with displayed special coins like special series of coins, proof coins some coins very expensive but they are displayed so a thirf find them easy and with those high value coins you can lose a lot pretty fast.
Buy a big stack of fake silver or gold online, while it's often used to cheat people, it's also pretty much all good enough to fool the average home invader who's in a rush. Just have a safe in an obvious enough spot. once they open it they will think they hit the jackpot and want to get out as soon as possible.
@@Jake12220 Thank you. I really like this suggestion. I see fake stuff for sale often, but it never occurred to me that it could be put to good and legal use.
Just utilize the dead spaces in your house. Like the spaces between studs. Very easy. I just covered an unfinished wall in my basement with peg board. The pegboard is covered with shelves / pegs full of "household hardware items" (that I actually do use frequently"). If I need to get to my stash, I can pull a dozen screws and remove a chunk of pegboard.
A search by burglars and thieves and spaces between studs sounds secure. If feds come in to search for a drug stash (wrong address?) they can scan inside walls.
Get a safe. Place it unbolted inside the closet. Fill the safe with ceramic tiles. Hide you PM in empty paint cans in the basement with the rest of your paint cans. No criminal is coming over to paint your house.
A 1000+ pound TL-30 vault bolted to your floors with security alarms, cameras and panic buttons that summon the police has worked well in the past for me. I'm kind of surprised they never mention the bigger safes. Who in the hell would store bullion in small plastic containers inside a small "hidden" safe? Most hard core stackers could fill up those small safes many times over!!
My house had been broken into a number of times not to mention my vehicle. I began to leave bait money on a table or somewhere that was conspicuous. Sometimes using replicated money orher times the real stuff. When the thief came in not only would they take the easy bait but no need to spend anymore time looking through the house and it would also indicate to me that my home had been burglarized
In my opinion HOME is the safest place. Make sure you have good cameras, a good safe or two, have guns to protect yourself and family and have KIDS … they are usually deterrents 😂
The safest way to store bullion, whether at home or elsewhere, is to not tell anyone about it. If you live in a neighborhood prone to burglaries, then avoid storing at home and go external. If you can't afford external, then ask yourself if you really want to invest in bullion in the first place.
Bury it all (most) in the garage behind storage with many large items is the covering and in front and top, and make sure it is in a safe or two bolted to the floor/wall. Best idea I can come up with and do myself.
Yes, I'm very uncomfortable storing my bullion. Both at home and abroad. Let me explain. I'm uncomfortable not having more that I can store at home and uncomfortable storing any outside of my home. I want as much as possible and I want it in my safe. But of course I have a good safe, a real home security system, and when home (and when I'm not at home) always have my 2A tools on me or within reach as in when I sleep.
Yep, this was the biggest surprise to me when I started collecting. By storing it at home, I felt like a target and would have to check on it occasionally. Eventually, my wife divorced me with no legitimate cause and when we were separated and I came back to the house to get my stuff, I happened to show up when she was leaving and she held her coat tight which looked suspicious so I opened her coat and she sure enough was taking it so good luck trusting your wife. As you say, there are many considerations that come along with collecting precious metals like defending it. Another one is do you have someone you could go to and exchange it for cash or some other currency if the SHTF and we have to turn it in and its made illegal? Not to mention, that I assume our phones and devices have mics that can produce 3D images just from multiple microphones so its possible that these computers and the intel agencies already know where we keep our stuff. Its hard to tell what is worth considering anymore and eventually we just have to do our best and be happy with it, I suppose. On the other hand, I like how thinking about how stuff like this really works helps you see other options as just as valuable as precious metals like crypto so you can access funds anywhere as well as what is the value of our skills or networking with like minded neighbors to form a mutual defense network. Or imagine the cabal that runs the militaries of all nations. They have defenses that have layers like both trusting agents to stand guard at a mint but then also being able to hack the security systems they create so their own defense systems don't get in the way of corruption.
If it's not in your hand, you have to get approval before you can take what's already yours. ...And if the circumstance suits that they don't want you to have it, you're not getting it.
I have found that spraying them with auto-undercoating and letting it cure for a few days in the hot sun goes a long long way in sealing and giving long life to the cans.
He called out my “under the garage” plan. When I re-do the concrete I’m gonna have two access points created that will have a few layers of access to it.
I know of a man and his daughter who owned a hardware store for years. For some reason every time someone paid with a $ 20 bill, the $20 bill did not go in the cash register, but rather his pocket. The daughter did not know the ultimate destination of these bills, until years later, after the man died. She went to clean his house to settle the estate and opened a chest freezer. To her amazement, there were hundreds of $20 bills in the chest freezer.
My favorite secret safe is a long, sliding cabinet, tucked inside a door frame. Latch hidden inside the bolt catch to unlock, then pull the whole side of the frame out revealing your secret shelves!
Yeah true. I visit them first when I am buying but I have to get the rest elsewhere. BUT! Sometimes their prices are so cheap that I change my mind and I end up changing my plans and buy everything from Hero. Very very hard to beat their prices.
The best way to store gold and silver open and obvious, in multiple locations. Don't be a fool about it open obvious doesn't mean leave it laying on the counter or in plain sight. Here's a tip use a router & router out a thin layer of wood cut to precise measurements of coins bars of your choice on back of picture frame you could cover it or put glass over at like the front and you can turn around and admire both sides. Another tip is to take a small portion of a back of a drawer and install wooden insert you have yourself a few inches by the widht of the drawer to hide things (perfect for tubes of coins or etc.).
The key is to keep it where no one expects to look with almost no chance of anyone stumbling upon it. And of course, a spot where you can access it quickly.
Personally I'm a fan of the dummy safe. My dad told me a story of when he had to bury two five gallon buckets with junk silver. Apparently he buried them near a barn and threw a dead cat over the spot. His idea was the odor would be so bad potential thieves would avoid the odor. Don't ask me where he got the cat... 🙁
Do the same you would to store grains for 20+ years. Mylar bags with an oxygen absorber and desiccant pack. Vacuum seal bags have micro holes and will let air in over time. Amazon for mylar bags, desiccant and oxygen absorbers. You're welcome. Also, a hair straightener will seal the mylar.
Siimple: learn how to do 'perfection' wall-board and plaster repair. 2x4 'shelves' between the newly exposed studs - installed with with 'pocket screws' (KREB)
Love the Hero bullion. I buy my junk and Cook islands coins there. Have a small shipment coming on Friday. Always a pleasure doing business with them. Thanks
I was told to layer mine for protection, so I buried it 4 feet underground in a PVC tube, then poured concrete over it, and then planted an oak tree over it about 40 years ago. I'm not worried about finding where I buried it because now there is a 40-foot oak tree over it.
I kept a safe out and would get in it around people I knew but only kept less than $100 in it. Had my bulk else were. Was robbed by a so called friend. He took the safe and got $38 when i had my savings else were. Dummy safe is a way to go.
The best place I have ever heard of to store your stash is old paint cans stored in the garage... if they pick them up, the paint can is supposed to have weight to it, if it is filled. And when have you EVER heard of a theif raiding old paint cans in the garage?
I have seen this advice floating around for a bit and feel like any good thief will now know to check paint cans. A good hiding place made public is no longer a good hiding place.
@@xblowsmokex "a good theif" 😂 have you not seen the recent flood of smash and grabs taking place recently... burglars no long think about things, they go in, grab and run. Like the guys in the video said, chances are they will focus on the Master bedroom, maybe the office and leave. I would be very surprised if they checked every paint can in 2022.
@@partynxs5351 what you are referring to run of the mill dumdum thieves. I’m referring to a good thief who uses their brain and does research / stakeouts. They are few and far between, but they exist. But thank you for your opinion.
7 figures? Dude for anyone here, who can afford to stack a million oz or more of silver, can also afford to have a special vault build under their house.
All well and good for the coins, but what about storage tips for bars? Does oxidation matter so much with bars or is it more like the 90%, and if so then how to avoid it? Handle with gloves? Store in vacuum sealed food saver bags or mylar? Other ideas? Also, what about gold? Same methods for handling and storing?
Pro Tip: when the contractors are going to be in the same place as the safe. Remove the precious metal to a temporary hiding spot and fill the safe with random paperwork stuff ( it should have important paperwork already ) and maybe a cheap gun ( to add believability). Leave the safe open. There now they know you have a safe and that there's nothing in it.
I've got a very large amount of metals. I store them at home and NOBODY will ever find them. You just need to get creative. Put it this way, I need 20 minutes to get to them. Frankly, I'd never trust Brinks or other storage. Call me old fashioned cause I guess I am.
If you're stacking long term, theres nothing to say you can't dump your stash into a wall cavity or behind a false wall. I'm a huge believer in giving someone something to leave with in a hostage/emergency situation. get a couple grand and put it in a visible safe. let that be your diversion from your real wealth.
At first, i was storing my silver in several locations around my house, with a small amount 'hidden in plain sight' so that if someone broke in and (likely) found it, they would think they found the stash and take it an leave. Now i realize i live in such a safe area and there has been no crime around here that i can remember, so i don't even care to hide it anymore, i have most of it stacked on my desk 🤣
@@isaiah1931 Lol well like i said i live in a pretty safe place, in more or less a seniors home next to a military base. I've never even heard of any crime in the 15 years ive been here.
This seems like a good idea for most people, particularly if you collection is on the smaller side. Almost every thief is desperate and trying to work quickly, those are your biggest advantages imo. Obviously a thief won't take the trouble to break in and then leave without taking valuables they have found, but once they think they've found your stash they aren't likely to risk getting caught with it in order to keep looking. This would be less effective if you are well known for stacking large amounts and were being specifically targeted, but unless you are also a silver youtuber or maybe a well known criminal you're probably pretty unlikely to be on any body's radar. If you were specifically targeted by professionals like you live in the movies you'd probably want to have a more extreme kind of plan in mind. A moat of crocodiles is a good deterrent to even the most experienced of burgalars. You'd probably want to invest in some kind of mission impossible style laser grids and some giant buzz saws that pop out of your decoy vault and leave the would be thief caught red stumped. Personally I think its only fair to bury it somewhere very remote and make maps with cryptic clues as to how to find it in case you die before you get a chance to do anything fun with it. Ideally your bravest and most cunning ancestor will discover your journal and use your savings to buy back the family farm from the bank wheh they're about to forclose.
Even if in a safe are... I will not leave in the open unless I am displaying... A large, heavy safe (or two) with extra security is the best recipe.... The downside is one needs to empty out shelves to get to what you want to see from time to time.....
Even the crims are going backwards, they will recognize gold but not silver for some reason, locally they really like stealing copper... Spending $40 on gas to steal $30 worth of copper!
Buy a nice decorative safe. They hold value and can be considered an investment and they are very heavy. Liberty makes AMAZING safes. If you have the $$$ to buy precious metals you can afford a safe.
get a large dummy safe filled with mixed concrete (to the point where door wont open with a code) and leave it in your master bedroom closet. They'll have fun dragging it out and later opening it :) And add some airtags
You mentioned the very popular and inexpensive camera systems. They can be great because they store high resolution audio and video. Most will push a text notification to your smart phone within seconds of being activated. You can then access the live pictures from your cameras through the app on the phone and see what is going on at home. If you are traveling any distance from home it is critical that you get the direct dial number to your local (home) 911 call center and save it as a favorite or speed dial on your smart phone. If you dial 911 away from home you will only get the 911 center near where you are at and it will be a waste a lot of time.
Also, be sure it's your own camera system and don't use stuff like Ring or other external monitoring service. If an employee of the monitoring company w/ camera access happens to get a wild hair, they can queue their buddies in on when you aren't home, and in the case of digitally-controlled door locks, even open the place for them.
I kept my safe in my bedroom with a full sized whitetail buck decoy standing beside the safe ....every time I left I would put everything inside the deer decoy and leave the safe empty..sure enough one day I came home the front door was ripped off the hinges and the safe was gone ...with a smile on my face with a Friend there I said watch this and reached up inside the decoy and pulled my money out .....the decoy was the safe and the safe was the decoy....I've had to come up with more clever ways of hiding my treasure since then but it's really not hard to out smart a criminal mind
Sorry, but I LIKE to handle my silver. It's part of the appeal of owning it! I don't buy coins for their collector value, I buy for silver content! I'll keep them with silica and relatively away from air, but I'm not going to avoid touching them, that's too much, sorry :P
Always someone home! A Liberty safe and everyone in the house is well versed in the use of a model 12 Winchester ( same model used in the WW2 PACIFIC CAMPAIGN)) I've only had one attempted entry in to my home in 68 years. The sound of a pump shotgun getting cocked sent them running for the hills before they even got past my first layer of security! Camera was able to catch them trying to get my first door open. They were picked up by law in forcemeat and charged with multiple burglaries. Keep it secret, Keep it safe and in multiple locations!
I had a bad house fire. Lost a lot of silver. Reclaimed a little bit. I cannot get it all clean. They are all beat up. Should I melt them and cast bars
Ive been in silver & gold bullion since about 2004 and will never let any of mine out of my own possession. There are steps (gradual steps) that need to be taken to safeguard your bullion such as the investment into a high grade, probably larger sized jewelers safe secured to the foundation of your placement. I preferred dial/ non-electric. An alarm system and /or trained dogs and of course a well trained person in Second Amendment affairs is also recommended. If people allow their bullion to be stored elsewhere there is unforeseeable circumstances that can cause you to never see your bullion ever again. I wont take that risk. I will own all my risk myself. Other options is a "treasure map" (cashe). Gold & silver is able to be buried in an ammo can or the like and placed in the ground. Just make sure you use something other than the surroundings to know where you put it. Sights change season to season and wont look the same in a few years or longer.
how does the tarnish affect the value though? I don't get it. I suppose a miniscule amount of the silver deteriorates in oxidization, but to survive a recession...how much difference could it possibly make?
Alternative to bolting to the floor as newer slab homes use tensioned concrete slabs. Drill them and you can destroy the entire slab your home is built on.
Is it a good idea to keep your silver bars in the plastic that I received them in? I never took them out because I thought it would stay pristine? Thanks so much...
good question. ive left all my bars in their original plastic. some are ~15 years old now and they still look perfect. i wonder what type of „plastic“ it is
Not all plastic is free of sulfur. The original packaging should be safe. Be careful what you put in your safe. Most cardboard packaging has traces of acid and sulfur.
The problem with this video, is it depends on who is after your stuff. If you live in a city, most break ins are smash and grab. If someone knows you have something and is planning a hit, they will wait until you are at work, out of town, or if home is empty and be in your house 30 mins or longer.
Thanks for the information. I have a medium safe, a 2'.5 x2'.5 size, heavy for me to lift. So I was going to do another area, hiding in the home. But was curious as to what if there is a fire and not in a safe. What will this to do the silver or gold?
If you buy bars you'll often get a serial number, unlike coins. I keep an Excel spreadsheet of what I bought, when, what, serial number, cost, and from whom.
Just recently a youtuber here in the netherlands was attacked at home and threatened with a gun to give up bitcoin. He talked about bitcoin on his channel before so he made himself and his family a target. If you stack anything with value, keep it a secret.
My local dealer has all sorts of silver available. Eagles, maples, fractional sizes. Just about everything. I've been buying since 1989 and had to sell a little here and there, but I have the majority of my collection intact