Any Issues With Storing In Safety Deposit Box

Coin tubes make pretty good storage containers. They may not be quite as good as "air-tights" but they are pretty good. They are also quite convenient if you bought your coins in them originally.

Round coin tubes would also be good for burial of your hoard if they are put into PVC pipes with the end caps glued on with PVC cement. These would have to be cut or broken open to retrieve the coins but at least they would be water tight for long periods of time. Just don't forget where they are!

They could try that but the local cops here would be on them like a duck on a June bug. My local CU is open 6 days a week, 9AM - 6PM. They have 24/7 audio and vidio surveillance of their building, inside and out, including the SDB room, which is behind some very tough steel bars. This is a very secure place to store some of my silver hoard. Also have a safe at home but that could be robbed a lot easier than my CU SDB.

Nothing wrong with hiding your hoard either but multiple locations for PM storage is usually a better idea than putting it all in one place, no matter what place you choose for it.

My last trip to a SDB I had something new happen, They opened the box but didn't pull the drawer out... and left. So it was up to me to pull it out, put it back and relock it, and leave. I've always had help relocking it before. I got home and started to worry (I do alot of that) did I relock that box properly? Hmmmmm...?

That's what I was hoping, that it was fool proof lol.

But what about locking it? Is only one key required to lock it back up? Next time I go I'm going to lock it and then try to unlock it to see if it will open with just one key.

The palm id SOUNDS great but what if you had your hand amputated? Just joking,we can carry all these scenarios to extremes but probably not logical conclusions. I will not use a SDB simply because the government(whom I don't trust in the least) could freeze all assets at a moments notice and confiscate your goods. Will that ever happen? Probably not but go back to 1933 and think of gold or silver confiscation! I will keep mine where I can get to it!

The bio-metric security options are pretty cool. However, it might be worth asking about any alternative access methods. For example, what happens during a protracted loss of power or Internet connectivity?

To be fair, if the power's off, it's doubtful that anyone is getting access to the bank premises, let alone their safe deposit box, regardless of the security method. I do think it's a good question to ask next time you see your banker.