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 Replies: 57 / Views: 4,340 |
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Pillar of the Community
United States
931 Posts |
Do a Google search "Operation Rize". Then go and buy a safe. This is no joke!
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Pillar of the Community
United States
830 Posts |
Wow, that is scary. I guess there is no totally safe way to store PMs. Best to spread your eggs around into different baskets.
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Pillar of the Community
United States
3294 Posts |
That is applicable to the UK, but the law that allows them to do that is not valid in the US. And reading the article, the UK government got the pants sued off them.
Edited by nod2003
08/22/2011 5:15 pm
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Bedrock of the Community
United States
10045 Posts |
You might ask your bank whether they will permit any third party access to your SDB, and if there is any legal precedent.
My SDBs require two keys for access; the bank has one, and I have the other. Will locksmiths make dupes? I doubt it.
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Pillar of the Community
United States
830 Posts |
Locks can easily be drilled out. That's what a locksmith would do. SDB keys get lost all the time.
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Bedrock of the Community
United States
10045 Posts |
I just think it's easy to construct a problem, where a home safe is the only logical solution. However, it cannot hurt to review one's concerns against what the FDIC states under "access by others". |
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Pillar of the Community
 United States
931 Posts |
Trading With The Enemies Act Of 1917.
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Bedrock of the Community
United States
10284 Posts |
Thank God it is not legal for anyone to do that ... yet  ... in the US. I have most of my gold in a safety deposit box and only I or my wife can open it and if we kick the bucket my will spells out who can have the contents. If it gets to the point that police can root through my stuff whenever they want they should stop calling them safe deposit boxes and call them unsafe deposit boxes. |
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Pillar of the Community
United States
667 Posts |
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Pillar of the Community
United States
2130 Posts |
That is unbelievable. I'm glad I bury mine.  |
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Pillar of the Community
United States
931 Posts |
It states in the FDIC literature that the authorities can seize your safe deposit box with a warrant. Just like the warrants required for wire tapping I'll bet.
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Pillar of the Community
United States
667 Posts |
They can also do the same thing to anything in your house with a warrant. No difference.
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Pillar of the Community
United States
830 Posts |
Quote:
They can also do the same thing to anything in your house with a warrant. No difference.
Good point, or probably anything buried in the back yard (if they can find it lol).  |
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Pillar of the Community
United States
1064 Posts |
I still think safety deposit is the best way to go. Are we really that worried about warrant searches. I'm admittedly a bit naive, but really, what are the chances if you're not a drug dealer, terrorist, or all around bad actor?
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Valued Member
Canada
235 Posts |
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Pillar of the Community
United States
931 Posts |
Great Britain is obviously a more intrusive society, with their camera system and all. As time goes on and our government feels the pain of what they've done to our economy they will enact more and more laws with increasingly inventive ways to get into your wallet. All that I'm saying is that a dangerous precedent has been set by our closest ally. In the future, which looks increasingly dismal, anything could be possible providing that they put a law into place before taking away freedoms that now are taken for granted. Just look at all of the freedom that we lost after 9-11. Give them an excuse and they will take anything away from us that they can.
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Replies: 57 / Views: 4,340 |
Posted 08/22/2011 4:42 pm
