Keep Your Pm's In A Safe Deposit Box?

A good book, if your local library carries it, is 'The Cops Are Robbers' by Gerald Clemente; Clemente was part of a group of cops
that robbed the Medford MA Depositor's Trust Bank safety deposit boxes over a weekend in 1980 (not to be confused with the Revere MA
cops that backed their cruisers up to to a CVS and emptied it out, on video!). A good, if scary read, does not paint a good picture of
the police, but does high-light the down side of safety deposit.

If the point here is that NO security is perfect, I am sure that we can all agree to that fact. Of course, what we are really trying to do is increase the odds of our PMs being held in a safe location. If one looks at the odds of a SDB being ripped off, we must conclude that the odds are VERY small that anything in a SDB will ever be stolen. Now, contrast that with the odds of something being stolen from your home or from your person. Those odds are going to be a LOT higher.

My thought is that a secure PM storage location will have the following attributes: 1) concealment; 2) strength; 3) multiple hazards for thieves.

Concealment is a great thing. If a valuables storage area is not recognized as such, the likelihood of it attracting thieves is minimal. It also goes without saying that TALKING about what you have to friends, neighbors, and even most family members is a VERY bad idea. They may not do anything bad but if they tell someone else who might, a large part of your security will disappear.

Strength is good too because a lot of thieves are of the smash, grab, and run types. They do not want to work at opening up something that may or may not have anything of value in it. They also tend to be in a hurry to get in, get goodies, and get out, so anything that slows them down is bad for them.

Multiple hazards are good too and these include things like video cams, noisy dogs, alarm systems, motion detectors, good locks, etc. Even neighbors who keep their eyes and ears open can be of considerable value in spotting strange people and cars in your neighborhood and reporting them or making note of their car license number. Thieves always prefer anonymity and concealment, so anything that detects their presence and activities is bad for them and good for us.

Jeez, seems like a great neighborhood. Sounds like Charlton Heston's neighborhood in The Omega Man

I wouldn't leave much if any PMs in the bank. Governments are the biggest thieves of all.

Age is the factor with stock market. I wouldn't play the market if I was say 59 or not much into it, but more into safe area. I shife my 401k positions more often than most people at work, but every year as it goes buy, my pattern have changed.

When Chavez does not trust the U.S. and U.S. banks, I think it would be prudent for us to consider the same scenario that he is considering - Possible confiscation.

When Chavez decides to bring gold home, that is an indication that there is risk involved in storing gold out of your reach in times of crises.