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Pillar of the Community
TLS5933's Avatar
United States
1703 Posts
 Posted 07/02/2006  09:28 am  Show Profile   Bookmark this reply Add TLS5933 to your friends list Get a Link to this Reply
quote:
Originally posted by crystalk64

I would think real hard before ever committing anything to a safe deposit box in a bank. The whole idea of collecting coins to many is to place their money into something the individual has total control of. You loose that control when you place anything in or on the premise of another party. Laws concerning safety deposit boxes have changed dramatically since 9/11 so it would be wise to do some checking on regulations. Also in the event of a natural disaster, financial disaster, terrorist attack or war your box could be locked down for what seems like forever, especially if you need the contents of the box. Also the laws now permit government (police or Internal Revenue Service) officials in many instances to be present when you decide to go in and open your box. Hey don't take my word for anything but DO some checking on the matter. And, of course, there is always the matter of bank failure? How well do you really want to protect yourself and your assests? I would give it some thought.


Exactly,
People might want to check into Federal rules and regulations concerning National Disasters and other National emergencies. Fema's power over rules all other laws at that time and gives them the power to block you from your safe deposit box contents and even use it to redistribute the wealth to others more in need than yourself. At least thats what I surmized after trying to decipher Fema's rules and regulations. People need to investigate this for themselves,I'n not an expert on the issue but thats what I got out of it.
Edited by TLS5933
07/02/2006 11:13 am
Valued Member
morganman's Avatar
United States
397 Posts
 Posted 07/02/2006  10:21 am  Show Profile   Bookmark this reply Add morganman to your friends list Get a Link to this Reply
quote:
Originally posted by Morgan Fred

BB, you had a very unfortunate life experience happen to you, but perhaps you can change it into a learning experience. Both TLS and Toast have some excellent perspectives on this, but I'll add my two FEC's worth. I'm a fulltime RVer which means I'm a prime target for break-ins and other property crimes with little support nor sympathy from local police if something happens. Long ago when I was in the Army moving around a lot and even when I was in a fixed location, I learned camouflage was a very effective tool: I kept my valuables in some very unlikely and unsavory containers, e.g., my very expensive Nikon camera, lens, and accessories were in an old Army surplus chemical bag or an old beater camera bag; my coins were in a ragged cardboard box marked "old files", complete with some old files on top when the box was opened; my handguns were in my dirty laundry hamper covered by some really stinky dirty underwear. Not much different these days in the travel trailer: while the really nice RVs become targets, I have deliberately made and kept my travel trailer somewhat on the grungey side to deter wannabe crooks. It makes me appear impoverished and not worth a break-in, meanwhile concealing many tens of thousands of dollars' worth of inventory, also mostly camouflaged inside the trailer. I also camp in low risk areas, but that's another story. While some people may flaunt their collections and valuable items and thus almost invite trouble, I prefer to keep a low profile and make myself appear to be something I am not.

Good luck in your future and I hope nothing like this happens ever again, but don't bet the farm that it won't.

Fred




Rule # 1:

NEVER,NEVER,NEVER.....DID I SAY NEVER?

Tell anyone where you hide your goodies....

MM
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