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Apmex Citadel

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Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 03/24/2012  11:58 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
If you can't hold it, it ain't yours.

Size don't matter. Look at the mega-businesses that have folded.

You're safer with a guy storing $10,000 for others than the guy storing $1 billion. A billion is worth stealing, internally or externally.

If SHTF, communications and transportation will likely be affected. What good is PM a thousand miles away then?

edit to fix typos.
Edited by biggfredd
03/24/2012 1:53 pm
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Silverhawk74's Avatar
United States
3670 Posts
 Posted 03/24/2012  12:14 pm  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
I agree Fredd 100%, an much with Ed an Barry's thoughts as well....

The Pascal theory interesting as I have always told people if I am wrong about God, so what it will be black like before existence. I have been wrong before, and after death I would no longer exist in any facet to acknowledge I was even wrong. But, if the non believers are wrong their actions/beliefs could indeed be much costly....

Like Ed said, I try an live my life as nice an friendly to people as I know how, respect the golden rule, and pretty much feel more then fine to stand up an answer for it all one day, the good, the bad, and the ugly. And if that is NOT good enough, then so be it, maybe I am not Heaven material. God's loss in my eyes as I am LOYAL as a human can be, an can you really put a price tag on loyalty in a world where people/spirits/souls/demons or whatever are far from it....

My point the loyal are far an few between an I would think God would want as many loyal servants at his disposal as possible come the end of days....
Edited by Silverhawk74
03/24/2012 12:18 pm
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 03/24/2012  2:01 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply

Quote:
I try an live my life as nice an friendly to people as I know how, respect the golden rule


I've always gotten a kick out of the fact that we have millions of laws to enforce the Ten Commandments (or any other religion's equivalent), which in turn are unnecessary if you follow the Golden Rule.
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Ed_B's Avatar
United States
4008 Posts
 Posted 03/24/2012  5:25 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
I've always gotten a kick out of the fact that we have millions of laws to enforce the Ten Commandments (or any other religion's equivalent), which in turn are unnecessary if you follow the Golden Rule.

Yes, that has always gotten to me a little too. All I can think is that fallible humans are still trying to get this right in about 1 million pages of verbosity, while God did it in one try and on a couple of stone tablets.

Following the golden rule is a great way to run our lives. It works very well and there is a lot to be had from having a reputation as an honest and decent person. Unfortunately, on this Earth, we are in the company of some people who have no more concept of the Golden Rule than a hog does of Mozart.
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traevin's Avatar
United States
1454 Posts
 Posted 03/24/2012  8:36 pm  Show Profile   Bookmark this reply Add traevin to your friends list Get a Link to this Reply

Quote:
Most of these vaults seem to be located in Delaware but I would prefer something located in the western US that I could actually drive to and inspect both the premises and my holdings.


Ed,

I was born in Delaware. The reason the silver companies are there is the same reason every single major US bank has an office in DE: the state is considered one of, if not the most, business friendly state in the Union. Another interesting fact: we were also the first state to ratify the US Constitution out of the original thirteen colonies. But I've moved on from my birthplace and now live in Oregon, after spending a few all-too-dry years in Arizona. The west is the best ;)
Valued Member
Clint's Avatar
United States
194 Posts
 Posted 12/05/2012  10:29 pm  Show Profile   Bookmark this reply Add Clint to your friends list Get a Link to this Reply
Reviving this great thread...

I've been looking at diversifying our tiny IRA holdings into PMs, and APMEX seemed liked a natural. I've heard about Goldline, too, but APMEX seems more reputable.

The idea of a gold Roth makes me warm and fuzzy inside!
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denco7's Avatar
United States
2543 Posts
 Posted 12/06/2012  7:03 pm  Show Profile   Bookmark this reply Add denco7 to your friends list Get a Link to this Reply
$425,000 eguals 1/2 a monster box in the safe bolted to the concrete wall in the basement.

You would really rather have unknown people, even from a reputable company, storing your unseen gold in an unknown location.
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Ed_B's Avatar
United States
4008 Posts
 Posted 12/07/2012  6:22 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
$425,000 eguals 1/2 a monster box in the safe bolted to the concrete wall in the basement.

Yes, I have a safe bolted to both a concrete floor and a wall. It is reasonably secure. Home invasion, however, IS on the rise. If 3-4 guys bust in with guns and demand that I open the $!%@#@# safe, then I am going to have to open it on the chance that they are only thieves and not murderers.


Quote:
You would really rather have unknown people, even from a reputable company, storing your unseen gold in an unknown location.

Something to consider here is that one need not put ALL of their wealth in any single location or investment. Just as diversification of asset classes is the small investors' best friend, so too is diversification of location for PMs. As an example of this, I have my silver stash split 3 ways between my safe, my son's safe, and a SDB at our local CU. No one calamity short of a local nuke strike can destroy ALL of these. Of course, if that happens, everyone around here will be dead and no longer needing any PMs, money, or investments.

Also, as a stock investor for many years, I already have a good chunk of money invested with 3 different custodians. Individually, they are unknown to me and my assets are also unseen. These companies are of good reputation, however, and have far more to lose via messing with my money than it is worth in their business plans. They simply cannot afford the loss of client trust that would occur if they started fooling around inappropriately, not to mention any government investigation that would occur.

Is my plan perfect? No, but it is about as good as I can manage. There is no way to eliminate all risk. All we can do is accept whatever level of risk seems reasonable to us and then manage it as best we can. No plan is perfect but 1 or 2 of them will be the best we can do.
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