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Bedrock of the Community
 United States
14454 Posts |
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Moderator
 United States
16679 Posts |
I've had my SDB for 5 years now and have almost every one of my coins is in it. I am 100% convinced they are safer there than in my house, especially in the L.A. area where I live for now.
swcoin.ecrater.com
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Pillar of the Community
United States
2049 Posts |
Quote: I've had my SDB for 5 years now and have almost every one of my coins is in it. I am 100% convinced they are safer there than in my house, especially in the L.A. area where I live for now. Most who lost their items in the SDB felt the same way I am sure. I never assume anything is 100% secure, and the horror stories of people losing family heirlooms and such is enough for me to think twice about putting stuff somewhere out of my control. What happens if there is a bank holiday or a bank is taken over by the feds for a failure or gets sold? I guess it's all about risk, and whether it's home or SDB, there is risk in both. It's a sad reality in this day and age.
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Moderator
 United States
16679 Posts |
I hear ya. You can never assume anything accept when you live where I do, and home invasion robberies are a normal occurrence, I'll take that chance. I know in this day and age it means nothing, but my bank didn't lend irresponsibly to people who should have never been giving a cent because of income,credit,whatever. They have been around since 1849 and must be doing something right. Again, I believe a SDB is still the safest method...out of the house or apartment. Just my 2 cents :-)
swcoin.ecrater.com
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Pillar of the Community
United States
5838 Posts |
SDB is properly the safest bet. I have automatic fee withdraw annually from my checking account and only my family have my information in case something happens to me.
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Pillar of the Community
United States
2049 Posts |
Quote: I hear ya. You can never assume anything accept when you live where I do, and home invasion robberies are a normal occurrence, I'll take that chance. I know in this day and age it means nothing, but my bank didn't lend irresponsibly to people who should have never been giving a cent because of income,credit,whatever. They have been around since 1849 and must be doing something right. Again, I believe a SDB is still the safest method...out of the house or apartment. Just my 2 cents :-) Yeah I know what you mean. Home invasions are such a scary thought. You can get clever with hiding spots, but if the bad guys come in and threaten to kill one of your loved ones, most will give in with the hiding spots. There have been times I've seriously thought of just selling all of my coins just to avoid the risks associated with having them, but what fun would that be? :)
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Moderator
 United States
16679 Posts |
Don't let criminals and crime dictate how you live your life. Just be proactive and constantly aware of your surroundings. We will always outnumber them ;-)
swcoin.ecrater.com
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Pillar of the Community
United States
2049 Posts |
Quote: Don't let criminals and crime dictate how you live your life. Just be proactive and constantly aware of your surroundings. We will always outnumber them ;-) Good advice! I guess it goes back to my days of being self employed and having almost all of my life savings tied up in coins/bullion. I felt like I wanted some control over what I had worked hard for my whole life. :)
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Bedrock of the Community
United States
17884 Posts |
Also keep in mind where you bank and the SDB is located. A lot of people in New Orleans after Katrina learned their banks were underwater and the vault and SDB are NOT water tight. Some of the stuff in those boxes were soaking in contaminated water for weeks.
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Moderator
 United States
16679 Posts |
Great point. Make sure your bank is on high ground where flooding is an issue. Remember, the banks have no control over mother nature. In So. Cal., earthquakes are our biggest concern, and we are due for a big one. Looting then sets in.
swcoin.ecrater.com
Edited by vermontensium 09/08/2010 5:14 pm
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Bedrock of the Community
United States
20753 Posts |
Quote: So to think that your stuff is 100% safe in a SDB is naive at best, and it carries its own risks just like leaving things at home even in a large safe. Just some food for thought...
Not sure where you live but around my area I haven't heard of a bank's safe deposit boxes being robbed ever. However, contrary to that I know of at least 10 home robberies in my block alone over the years. How is that for statistics. Quote: I've had my SDB for 5 years now and have almost every one of my coins is in it. I am 100% convinced they are safer there than in my house, especially in the L.A. area where I live for now.
OH, L.A., no wonder your scared.  Quote: Yeah I know what you mean. Home invasions are such a scary thought. You can get clever with hiding spots, but if the bad guys come in and threaten to kill one of your loved ones, most will give in with the hiding spots. One neighbor of mine had a safe, security system, dog, guns, etc. Crooks got in somehow, cut him up pretty bad, killed the dog, stripped the place down. AND yes, he gave them the combination to the safe.
Edited by just carl 09/08/2010 9:04 pm
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Moderator
 United States
16679 Posts |
Hope I'm not in a deep sleep if that ever happens. My .45 is in the nightstand next to me. Too bad about your neighbor :-(
swcoin.ecrater.com
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Pillar of the Community
United States
5640 Posts |
I too will play the opposite side here, I believe some people are "old school' in that deep down they believe people are good and "things like this would never happen to them". I can see their point, after all, not all people are Thiefs and Robbers, and just because this person has/had kept a safe and coins in it at their home does not make, in any way this person any less intelligent than others, I would like to think the victim was totally trusting and some dirt-bag took advantage of their good nature and robbed these things, SDB'S are not always the best way to keep valuables, while I do have some, I really think most people have their valuables, in what they believe" a safe place'......
I know things over the years have changed, but the fact is, some people are very trusting of others and trust a little bit to much for their own good, due to their upbringing and honest/trusting good nature that use to abound all over!!God Bless these people and I am glad no-one was hurt, and hope there is a good ending to this story, soon!
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Bedrock of the Community
United States
20753 Posts |
Quote: I know things over the years have changed, but the fact is, some people are very trusting of others and trust a little bit to much for their own good, due to their upbringing and honest/trusting good nature that use to abound all over!God Bless these people and I am glad no-one was hurt, and hope there is a good ending to this story, soon!
Not sure if you know how true what your saying is really true. For an example I used to go to Wisconsin a lot due to the ability to purchase guns and ammo really cheap and usually no paper work. I was interested in buying some land in an area so I went to a local farm to ask about a section that was for sale. No one was home but a passer by yelled to me to just go in and sit at the kitchen table. They will be home soon. The doors were all open but being a city person I wouldn't think of going into someone's home without them being there. In a nearby town I noticed most of the cars had a key in the lock of the trunk. I asked about that at a store. Why of course, I was told, that way the locks don't freeze as easily. And just who would steal something from a car anyway? I spent a lot of time in that area and found as a rule no one locked doors, windows, cars, stores, etc. Actually thought it was funny that you could go into a store at night, get something, leave the money on the counter, leave and no one was there. Those are the type of people that can and do leave valuables laying all over the place. Compare that with about 10 home robberies in my block where I live in recent years. Cars locked, bars on windows, people afraid to go out at night.
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Moderator
 United States
16679 Posts |
I'm stuck in L.A. for right now unfortunately. As soon as I can get out of here, I'm gone. I was recently in South Dakota where people would give you the shirt off their back. There are many great places out there.
swcoin.ecrater.com
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