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The Best Way To Hide Your Gold

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coinwatch's Avatar
United States
808 Posts
 Posted 06/04/2012  3:29 pm  Show Profile   Bookmark this reply Add coinwatch to your friends list Get a Link to this Reply

Quote:
The only problem with hiding stuff is that you may end up dying without telling anybody


This is just part of good estate planning. Beyond keeping your will current, make sure you include a confidential document itemizing your assets and their location(s). Have your attorney keep a sealed copy of the will, your asset list, and any relevant instructions for your heirs and executor. With this done, just make sure your family knows to contact the attorney if something happens.
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coinwatch's Avatar
United States
808 Posts
 Posted 06/04/2012  4:48 pm  Show Profile   Bookmark this reply Add coinwatch to your friends list Get a Link to this Reply
The other problem with hiding personal property (your PM stack) inside real property (your house) is that if your heirs get in a rush to sell the house, any undiscovered PMs become the rightful property of the new owner after closing. Sure, there may be some recourse *if* the mistake is discovered, but it'll likely be costly and involve the courts and lawyers and a lot of unpleasantness.

I don't think we want to get into a whole probate discussion (never a fun topic), but it's important to understand that even the most competent and rational heirs are likely to make mistakes. The ONLY way to avoid a tragic loss of hidden material wealth is to try and make finding your things as foolproof as possible.

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Ed_B's Avatar
United States
4008 Posts
 Posted 06/04/2012  6:13 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
That's why some of us prefer to use safe deposit boxes over home storage.

Indeed so. Although there can be problems with SDBs too, they are a good way to stash part of a hoard. Keep those golden eggs in separate baskets!
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coinwatch's Avatar
United States
808 Posts
 Posted 06/04/2012  6:18 pm  Show Profile   Bookmark this reply Add coinwatch to your friends list Get a Link to this Reply

Quote:
Keep those golden eggs in separate baskets!


You're a wise man, Ed!
Bedrock of the Community
sel_69l's Avatar
Australia
21788 Posts
 Posted 06/04/2012  10:36 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Some bullion dealers will allow you to buy physical, then offer you secure storage at a less rate, because you are a customer.
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Ed_B's Avatar
United States
4008 Posts
 Posted 06/05/2012  11:52 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
You're a wise man, Ed!

Thanks, CW. Time and experience make good teachers but we need to pay attention to the lessons that life sends our way.
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