I just posted this same comment on one of the home page’s stories…….
Along the lines of “if you don’t hold it, you don’t own it”…I also say that goes for storing it as well…I know alot of places such as Mike Maloney’s Goldsilver.com and Apmex will store it for you in a “secured vault” for a monthly fee…..Who is to say the vault doesn’t close one day and takes your silver and gold with it?? Plus you lost all that money you have been paying for the monthly charge….I say ALWAYS, ALWAYS, ALWAYS….i’ll say it one more time, ALWAYS take home delivery and store it yourself!!! If that means keeping it under your bed, i still say that is safer than having it in a foreign place where you can’t look at it on a daily basis…. Especially safer if you sleep with a 9MM next to your bed as i do
SilverKing, under the bed you say? When our house was broken into back in 2010 there was actually a box of ASE’s under the bed, but the bastards missed it even though they pulled out a bag full of paper (old mail, etc) that was there.
As to possible hiding places, let me ask a question or two: How many half-full cans of paint do you have in your garage? In which can is there a jar filled with PM’s submerged in the paint?
I’m fascinated with this thread because I’m not being as careful as I should be. I’ve thought of stashing my silver in a box of holiday decorations in the basement. In fact, my girlfriend is a holiday decoration nut, and she has outdoor decorations for all the holidays, including Valentine’s, St. Patrick’s Day and July 4th. She has a couple hundred cardboard boxes of yard decorations stored in the basement. When we took an extended road trip recently, I asked her to hide my hoard in the bottom of one of her decoration boxes in the basement.
I keep thinking of the closing scene of Indiana Jones’ Raiders of the Lost Ark. You know, where they’re wheeling the boxed up Ark of the Covenant into a vast government warehouse full of other boxed items.
I think crooks are lazy people, too lazy to make an honest living. And so my logic goes, crooks are too lazy to go through dozens and dozens of weathered and worn holiday decorations.
A very small false wall in a closet is handy If you do not need to access your phyzz frequently stack it in an ammo can A 50 cal can will hold 720 rounds in the plastic tubes. I like metal cans because if you have a fire the steel cans will stay intact Silver may melt but it will not trickle into the ashes. 720 oz in nearly $20,000 minor carpentry adjustment to a closet side, ceiling with bracing or under the carpeted floor of the closet can work.
Do you own or have exclusive control over a parcel of land? I think that if you keep it away from your home, agents such as IRS, attorneys for plaintiffs who may sue you, ex-wives and such other evil persons would have a more difficult time finding it. I’ve seen the remaining swiss-cheese looking places after the DEA and county sheriff have gone through with metal detectors and dogs. But I think they’re less likely to comb through real estate that they do not connect with you.
+1 for the false wall. I do not believe in using anything that isn’t a part of a structure such as paint cans, totes filled with decorations, etc because even though those things will most likely prevent a burglar from finding your stash, just pretend your entire house was cleared out for some reason – I know it is unlikely, but still, I think it is better to hide your stash inside the building itself so that even if movers came and removed every single object, your stash should remain safely hidden and recoverable only by those who know where it is.
The stuff movie scripts are made of! Suppose there’s a new owner. Suppose there’s an earthquake and your stash is exposed. How about a government confiscation of property? You lose the property in a judgment in a lawsuit.
The problem with having something with value is, other people will want to take it from you.
If you’re wealthy and building a new home, or simply building an addition onto an existing one, you might build in a hardened reinforced concrete SAFE ROOM. As far as building permit and official knowledge is concerned, you can label it as a wine room or small recording studio. Then fix it up after the final building inspection.
Don’t announce intentions to build one, and don’t show plans to anyone other than those professionals involved in its construction. This is not a room you want to brag about. The safe room should be fortified around all six sides of the box and have a single door leading into it. I’ve designed safe rooms that were built like bunkers yet looked a like an elegant dressing room or an art gallery, and others that looked very much like a bank vault with steel re-enforced concrete walls and a steel vault locking door. Typical construction for lower level floors is to reinforce the walls, floor and ceiling with heavy grade wire mesh, steel sheeting, reinforced concrete. On upper levels where weight might be a concern sealed Kevlar, plastics and other light materials are used to prevent an intruder from breeching any part of the room perimeter yet allow the room to survive a natural disaster. Some people can’t tolerate the feeling of being enclosed so were designed rooms with offset bullet proof and explosion proof glass windows and skylights. Someone with this type of wealth or exposure would likely be known to the local police department so emergency services would probably reach the residence in less than 20 minutes. Is preferable to create a room that is invisible and known only to the homeowners. This type of room has seamless doors without visible latches. Part of the security of the safe room is that its secret, once you’ve hidden yourself an intruder should not be able to detect you even though you’re concealed only inches, remember stealth and time is on your side. From within the room you can monitor what’s going in the house call the police, open gates and electronic doors, or turn lighting on or off.
This reply was modified 10 months, 2 weeks ago by Xizang.
Who thinks The Doc should start a storage biz? They’ve done a bang out job on bullion sales – I think they should open their vault to store for us ‘relative’ small stackers. Personally, taking the risk off my hands and into the insurance backed hands of someone trustworthy like The Doc seems appealing to me.
New guy been lurking for all while. Been stacking awhile now, never knew it was called stacking until fairly recently though.
So my first thought for storage was a floor safe! They are a little pricey, but not overly so when you consider the value of what you are storing in it. If you are even a little bit handy you can install one yourself, so nobody has to know you even have a safe. The average burglar isn’t apt to crack a safe even if they find it under the dresser.
Now if the FEDS are coming in you have a different issue!
I think safes aren’t as prudent as they are made out to be. It looks like hiding it in plain sight, like in storage boxes along with other everyday items, is the best way. Just make sure not to die with $7 million of it just waiting for the Feds to pounce on.
If you have a wood bed with stout bedposts at the corners, you can remove the tops, take a core drill and cut a 2″ diameter hole straight down through the center. Place your Silver inside, and then replace the top with a wooden cap.
Not only will your silver stash be safely hidden, but you will also enjoy hearing that merry jingling sound when you are giving the Missus her nightly pounding!
" Shortwave ham frequencies provide worldwide communications daily. VHF/UHF has its place in local comms. No morse code to get a license anymore. Doesn't hurt to know it tho because it will get thru jamming and interference voice can't. All my antennas are emp grounded, it is called lightning prot... "Reply To: Ham radio
" PS: GROUND your EMP Shielding, that cannot hurt and likely helps.
I bet MaryB already has though LOL!
Is Morse Code still part of the HAM License?
They cannot really shut down the frequencies, but may attempt to jam them.
But more likely they will monitor these channels.
... "Reply To: Ham radio
" There goes the idea that I could get in cheaply! I knew that was too easy.
Would I be able to contact anyone worldwide? That was my thought going with this idea in the first place. What's the point in buying one if it doesn't go worldwide? I thought they all had global abilities. I may ha... "Reply To: Ham radio
" I have thought about this. If it is not in the US, it is a risk IMO.
Even in the US, it could still be seized in a bank holiday. hard to say
Thanks for perspective, Mammoth "Reply To: Chinese yuan bank account
" Silver Dollar - if I cash out now I cannot buy silver in Ecuador for anywhere near this ridiculously low price. Its just that I have been concerned that when things collapse all I will be able to get over here is the cash. And I have to worry if some government will steal all funds in goldmoney.
... "Reply To: What will happen?
" Store a radio in a steel container, make sure to bubble wrap it for insulation. Stick it in the attic, garage, wherever as a spare in case of confiscation. I have an old Drake tube rig I am restoring that will be mostly EMP proof "Reply To: Ham radio
" Nice Shootin' TEX!
I am thinking avoid the ASE's (I have some) as they are prolly tracked by Big Bro... at least the bulk purchases, as I started out with. But that went down in Lake Monroe, stupid of me to take the stack with me on vacation! You are best off buying with cash, and junk is usua... "Reply To: EBAY: ASE's at 40% PREMIUM
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