Posted 10/10/2011 11:36 pm
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...so he has dug a hole in the ground four feet deep, packed his gold and silver in a piece of plastic PVC pipe, sealed it, and buried it.
...so he has dug a hole in the ground four feet deep, packed his gold and silver in a piece of plastic PVC pipe, sealed it, and buried it.
That should be good protection for any PMs packed into the PVC pipe for sure, especially if his home is sufficiently isolated from view as to render his digging invisible to curious neighbors, delivery people, yard maintenance people, visitors, etc.
My great grandfather did exactly this... and then had the temerity to die without telling ANYONE, even his wife of 30+ years, where he had buried his small chest of eagles and double eagles. AFAIK, it was never found... at least by anyone in our family.
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He also suggests using scrap metal and mirrors as decoys or using different kinds of booby traps for anyone trying to get near his metal.
He also suggests using scrap metal and mirrors as decoys or using different kinds of booby traps for anyone trying to get near his metal.
Scrap metal and other junk used as decoys could prove useful against thieves with metal detectors, but installing any "booby traps" could get a person sued for everything they own and everything they ever will own, not to mention some serious jail time. In most jurisdictions, booby trap makers are not treated at all kindly by the local cops and courts when someone, even a thief, becomes seriously injured by their little surprises. Whether or not such individuals deserve this treatment is another discussion.
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So whether your gold is buried, hidden, or stored in safes, what is the most important key to protecting your gold? Telling no one of it.
So whether your gold is buried, hidden, or stored in safes, what is the most important key to protecting your gold? Telling no one of it.
IMO, this is the real nugget in this article. Anonymity is one of, if not THE, best protection from thieves that we can have. "Loose lips sink ships" and all that.
There are, however, 4 people in my life whom I trust with my life and they know about the PMs I have collected. If I should die suddenly and unexpectedly, my PMs will go to my heirs and not be permanently lost in some unknown hole in the ground.
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It is said that any determined person with a gun or weapon has nothing stopping them from your fortunes by forcing you to show them where you store them all.
It is said that any determined person with a gun or weapon has nothing stopping them from your fortunes by forcing you to show them where you store them all.
Nope, nothing at all... except any guns, dogs, or alarm systems you may have of your own.
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Therefore, this secrecy is the best way to avoid robbery from thieves "but also prying relatives and the tax man."
Therefore, this secrecy is the best way to avoid robbery from thieves "but also prying relatives and the tax man."
Agree on the secrecy for avoiding the attention of thieves and prying relatives but dodging the tax man could get one in some very serious trouble if your little charade is ever discovered... and there are a number of ways that this could happen.
One last comment on this. As is the case with diversification offering the investor some protection from major losses, so too can PMs be secured in various ways and in various locations. We do not have to depend upon a single method or location for ALL of our PM stash... nor do I.
