Safe Deposit Box Location

[Xan]

Very unlikely to lose anything from a SDB, and you can insure the loss! 100% certainty of no loss then. Between Chappell Hill Bank, Delaware Depository, I don't lose any sleep. But I can't forgot that boating accident when I lost all the rest of my gold in Loch Ness, Scotland.

Insuring a safe deposit box, in addition to greatly increasing the carrying cost of gold, seems to defeat some of the advantages of gold, namely:

* It's entirely outside The System (TM)
* You don't tell anyone you have it
* If you're inclined to take advantage of it (which I am not) there may not be a practical way for government to enforce the paying of taxes on gains

Also, I wonder about the practicality of insurance. It seems that in almost every case, there would be some reason for the insurer to deny your claim. I suppose if a hurricane destroys the bank completely, it's pretty unambiguous. But no matter what, you can't prove that you didn't just take the gold out. And in a situation like the article I linked to earlier, when the bank is claiming that proper notification was done, would insurance actually pay out?

I guess I would like to see some documentation, and some statistics, of insurance actually paying out for a safe deposit box problem. Because I'm basically skeptical that it ever happens.

[dualstow]

My dad has a large old safe where I keep my few coins that are not at the bank.
Once it broke and he had to call the company to come fix it. That made me nervous.

...Zerohedge...

...
Ok -- which one of you guys is Tyler Durden?

MachineGhost, of course!

[Jack Jones]

I even thought about employing a "fake safe" filled with washers to sound like coins along with worthless paper, but that presents the same problem as a real safe. You are still advertising the presence of valuables. If the burglars figure out your deception they are going to ask "okay, where is the real safe?".

You want to put some valuables in your fake safe so when you open it the burglars are satisfied. A friend who went to school in a bad part of town used to do this. He had a fake wallet w/ $40 in it.

I still think "hiding in plain site" without a safe is a safer alternative. I don't see how there could ever be any statistics to prove me right or wrong but I tend to think that you would be far less likely to have your gold stolen this way, as long as you keep it its presence a secret.

I'm not trying to be a dick, but you're not keeping its presence a secret if you advertise on the internet that you're hiding gold in your house. You went to Harvard Law school apparently and your IP address (City, State) is associated to this account. I doubt there are many Harvard grads in your area. At this point, it might be prudent to check out options #1 and #2.

[hardlawjockey]

I even thought about employing a "fake safe" filled with washers to sound like coins along with worthless paper, but that presents the same problem as a real safe. You are still advertising the presence of valuables. If the burglars figure out your deception they are going to ask "okay, where is the real safe?".

You want to put some valuables in your fake safe so when you open it the burglars are satisfied. A friend who went to school in a bad part of town used to do this. He had a fake wallet w/ $40 in it.

I still think "hiding in plain site" without a safe is a safer alternative. I don't see how there could ever be any statistics to prove me right or wrong but I tend to think that you would be far less likely to have your gold stolen this way, as long as you keep it its presence a secret.

I'm not trying to be a dick, but you're not keeping its presence a secret if you advertise on the internet that you're hiding gold in your house. You went to Harvard Law school apparently and your IP address (City, State) is associated to this account. I doubt there are many Harvard grads in your area. At this point, it might be prudent to check out options #1 and #2.

That's pretty cool that you think my username indicates I went to Harvard Law School. I never even thought of that, but I could be lying to keep my identity from being exposed.

Actually, it has something in common with "CrawlingRoad" but I probably shouldn't say that in case genius home burglars are listening and manage to figure it out.

[hardlawjockey]

I thought everyone was aware that hardlaw is a professor at Liberty University.

OMFG! Now I really do have to hide my gold.

[dualstow]

Clearly, it’s an anagram for “my gold is in my underpants drawer.”

[dualstow]

Or Howard something.

[Jack Jones]

hardlaw

Ah yeah, my bad. For some reason that read as Harvard Law to me. Regardless, my point stands. It's not a secret if you talk about it.

[hardlawjockey]

hardlaw

Ah yeah, my bad. For some reason that read as Harvard Law to me. Regardless, my point stands. It's not a secret if you talk about it.

Well, if any burglar is monitoring this thread - maybe I really am a Harvard Law graduate.

[Ad Orientem]

Unfortunately I have had a very negative customer service experience with my current bank and am looking for a new home for my fiat currency. Adding to the inconvenience is that I will need to move my precious metals to a new safe deposit box. In the course of my research as to what different banks charge for SDB rental fees I found this very useful page which I thought I'd share.

Safe Deposit Box Cost: 17 Banks Listed (Including Sizes if Applicable)