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Author Replies: 50 / Views: 5,808Next Topic
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Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 02/19/2011  10:14 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
from the article:

Quote:
He didn't insure the silver, he said, because the price to do so was astronomical.

That's because insurance companies know it's not going to be long before they have a $750,000 claim. He lasted what, a year?


Quote:
What is the best safest place, safety deposit box perhaps?

They're in short supply in many areas. They're not really a high profit area for banks.

A regular box will hold around a bag of silver, maybe 1000 ounces of smaller bars. He had 25,000 ounces, 25+ boxes worth, which is why the bank turned him down.
Valued Member
odentheviking's Avatar
United States
425 Posts
 Posted 02/19/2011  11:19 am  Show Profile   Bookmark this reply Add odentheviking to your friends list Get a Link to this Reply
His biggest mistake was "Trusting the Police"! Is there REALLY anyone out there any more that would let the "Police" in their home w/o even a question? And he had $750,000 of Silver in his home?

The "Police" come to your door, the 1st question is? "Do you have a warrent?" and "Why are you here?"

If no warrent then you ask them to wait while you call the local Police and see if they know why there are Uniformed Officers with guns at your front door. If you decide to talk to them,(which I would not advise w/o a lawyer), ask them to step back out/off to their vehicle and go to them.

Not sure about where YOU live but here the "Police" serve two functions: to raise money for the City/County by tickets issued and to run their personial errands with Police vehicles using tax payers gas!
Valued Member
odentheviking's Avatar
United States
425 Posts
 Posted 02/19/2011  11:36 am  Show Profile   Bookmark this reply Add odentheviking to your friends list Get a Link to this Reply
Quote:
What is the best safest place, safety deposit box perhaps?

As already stated, the bank will not take a volume of coins/bars like this.

There is a banking system that has worked for thousands of years, all over the world, and still proves to be very reliable. Find a good spot, wait for a full moon, dig a hole, and tell your neighbors you are putting in a new bird-bath!

I remember a news story, I guy was taking "Cash from work",( I think he processed parking tickets), and buying gold coins. He then sealed the coins in PVC tubes and placed those into Coleman coolers. He then hid them in local public parks! He was caught because a few of his Money orders were over the limit and a Postal worker turned him in. After like 4 or 5 years in jail he finially gave up where 2 or 3 of the coolers were to get out of jail. They claim the police are still watching him as they feel there are still 1 or2 coolers out there and he made such good treasure maps that they/no one can find them!!
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 02/19/2011  12:58 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply

Quote:
His biggest mistake was "Trusting the Police"! Is there REALLY anyone out there any more that would let the "Police" in their home w/o even a question?


It's not a matter of "trusting the police", after all, your own advice is to call the police.

The problem is "trusting the packaging". Whether you trust anyone in a policeman costume, or any coin in a piece of plastic with a name and a grade on it, you're leaving youself wide open for problems.
Valued Member
odentheviking's Avatar
United States
425 Posts
 Posted 02/19/2011  2:18 pm  Show Profile   Bookmark this reply Add odentheviking to your friends list Get a Link to this Reply
Quote: "Whether you trust anyone in a policeman costume, or any coin in a piece of plastic with a name and a grade on it, you're leaving youself wide open for problems."

Could not have said it better myself! But I still say that the only reason to call the police is to see why they are at your front door.

Pillar of the Community
United States
1026 Posts
 Posted 02/19/2011  2:24 pm  Show Profile   Bookmark this reply Add Brucec to your friends list Get a Link to this Reply
What the HELLOW just happend just made a BIG post picked spell check and was bounced back to the forum with my post gone? Not typing all that again.
Valued Member
odentheviking's Avatar
United States
425 Posts
 Posted 02/19/2011  5:34 pm  Show Profile   Bookmark this reply Add odentheviking to your friends list Get a Link to this Reply
Quote: What the HELLOW just happend just made a BIG post picked spell check and was bounced back to the forum with my post gone? Not typing all that again.

Hate it when that happens!
Pillar of the Community
Silverhawk74's Avatar
United States
3670 Posts
 Posted 02/19/2011  9:24 pm  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
A wise writer once said....

"Happiness is a hermit that lives on a hill and speaks to no one. Joy is the money he buries in his yard and forgets where it is. He dies, and all the neighbors of the world come searching. Finding nothing, but at least they had a little day dream."
Edited by Silverhawk74
02/19/2011 9:26 pm
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 02/19/2011  11:00 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
Any time I work on a long post, I copy it to notepad and save every sentence or two.
Valued Member
bryan1234's Avatar
United States
463 Posts
 Posted 02/19/2011  11:28 pm  Show Profile   Bookmark this reply Add bryan1234 to your friends list Get a Link to this Reply
the thing that bugs me is he said they were dressed as cops and one thing wouldn't you see they where not in a cop car. Also wouldn't you have a gun on you at all times if you had that much in your house or at least a bunch of security cameras in your house and surrounding property just incase any one broke in your house. I feel bad for the person as thats a crap load of money he invested and it turned out good for him but he should have at least had something security wise or a gun on him at all times.
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 02/20/2011  1:38 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
The part that never makes sense is "open the vault or I'll kill you".

If you kill me, you're up for murder one, and you still can't get in the vault.

Of course, if crooks thought logically, they'd get a job.

Once, they tried robbing a friend of mine. They made two mistakes: One chased his wife upstairs to the bedroom. Crook opens the door, fires three misses, while she fired three shots, the coroner said any one of them would have been fatal.

The other two forced one of them into the walk-in vault, with an arsenal stored just inside the door.

By the time the cops got there, they only needed to provide transportation.
Edited by biggfredd
02/20/2011 1:39 pm
Valued Member
odentheviking's Avatar
United States
425 Posts
 Posted 02/20/2011  5:01 pm  Show Profile   Bookmark this reply Add odentheviking to your friends list Get a Link to this Reply
Quote: "the thing that bugs me is he said they were dressed as cops and one thing wouldn't you see they where not in a cop car."

True, but.....most cops will park down the block or out of sight so they get the "drop" on you! Also, many police have a "ride-a-long" or sometimes a parol officer or explored so they may be in uniform but not armed.

Now you are 100% correct that someone w/that much to lose should have a camera system or what have you, but cameras are only good for looking back or if they are being monitored. A panic button would have been a good idea linked into a home security system, but its clear this guy thought he had found the cheap way to store his silver!
Valued Member
odentheviking's Avatar
United States
425 Posts
 Posted 02/20/2011  5:07 pm  Show Profile   Bookmark this reply Add odentheviking to your friends list Get a Link to this Reply
Quote: "The part that never makes sense is "open the vault or I'll kill you"

No dought! I follow the advise of an Uncle..... have all your valubles in a hidden safe out of sight! tell NO ONE about this! keep another safe out and about in your home, put papers, titles, maybe some cash in there but nothing you can not afford to loss, replace! And with all these safes and lock-boxes, keep a loaded gun righ inside the door, a gun you know how to use!! I like a med. frame S&W revolver..... never had a S&W revolver "Jam" on me!
Pillar of the Community
Silverhawk74's Avatar
United States
3670 Posts
 Posted 02/21/2011  2:44 pm  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
How about dogs, weapons, an security cameras, you would have to be a real professional to overcome all these odds at my place, plus find my secret stash in a small time frame, as I have five (loud) dogs, and plenty of good neighbors all watching out for each other. Only problem I have ever had with theft in the 4 years where I live, was a punk 16 year old kid who broke into a few cars one night, and of course got caught the next day. Plus, it will be many years before I have enough of anything, to make it worth a crooks time an effort, lol....

Obviously, the fake cop thing could catch anyone off guard, but knowing about it will at least make us all think twice about letting a supposed cop into our home, without 100% guarantee that he/she is who he/she says they are, with proper warrant paper work, and a confirmed local call first to your local department as mentioned earlier....

When I meet someone new who I may take a liking to, my instinct is to wanna help them understand the value of precious medals as I have a real giving non greedy nature (golden rule you know), or take an interest in it, but is it really worth to much info getting out about your personal bus, which could come back to haunt you one day?

I will just be real selective who I talk about the subject with in future....
Valued Member
odentheviking's Avatar
United States
425 Posts
 Posted 02/21/2011  9:39 pm  Show Profile   Bookmark this reply Add odentheviking to your friends list Get a Link to this Reply
Quote: "I will just be real selective who I talk about the subject with in future...."

I would be very interested to find out what the connection is between this guy and the thieves that took his silver! If they ever figure it out?

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