Keep Your Pm's In A Safe Deposit Box?

Well, it has been in the past, so the only question now is whether or not it will continue to be in the future. Considering all the things that the government and the Fed are doing, the future of the US dollar does not look good to me. The powers that be seem intent on inflating the dollar to insignificance... and they just might do it. Since none of us knows the future, we will likely be best served by being well diversified in various asset classes, including physical PMs. I would not ignore the US stock market as an investment but I would be very careful about where my money is invested. I'm liking Australia and Canada quite a lot these days. Asia too. I will begin to reinvest soon and when I do it will be about 75% in the above categories, including bonds and currencies, plus about 25% in a large cap dividend paying mutual fund.

bucket under the tree it is

I think Chavez's assessment of the risk is probably warranted. He is a much bigger target on the government's radar than the typical US citizen.

I would not worry too much about where you keep your stash. The same (hopefully legally issued by probable cause) warrants that would allow a safe deposit box seizure can also be used on your home or land. If the government is going to "start acting ridiculous" then I think no place would be safe.

+1

Something most people do not think of is that there is basically no online anonymity at all. If someone is determined to find another person, they can and will. The thieves and meth heads are part of a problem that will become much bigger down the road. I am still not quite sure what people predict. If a SDB can be seized and your property can be seized then some schmuck can follow you out into the woods and find your buried stash.

I cannot help the cynicism at all... but here's what I see when I try to imagine people stashing secret silver/ gold reserves for the big Armageddon. I just wonder if they'll be riding around in their SUV's or actually walk and if they'll be rude and use their cellphones, while beheading someone who had some gold dust to buy a frozen McDonalds Cheeseburger...

Good point, lucky my camera is of the slightly lower tech type.

They do it all the time. They tried to steal confiscate Gary Hart's $3 million yacht because after partially dismantling it, they found a few joints hidden by a deckhand Hart didn't even know.

If it was you or me, they'd have gotten away with it.

Our local police drive around cars repainted "confiscated from a drug dealer". I feel like putting another sign up, saying "You gotta expect drug sellers in a town where the cops steal cars".

Look up RICO and read cases like where they steal a landlord's house because the tenant had pot in the basement.

Typically, the landlord has no idea, may even live out of state. Normal leases say the landlord can't even enter without advanced notice.

No way the landlord is going to have a sophisticated pot searching progrm, let alone access to city utility records.

It is true that property has no rights... but property owners do. This is how they were able to keep the house rather than have it confiscated by the government. The tragic part of this is that it was a Pyrrhic victory.