$75,000 In Gold Isn't As Safe As You Thought
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- เผยแพร่เมื่อ 5 ก.ย. 2024
- How and where I've kept my gold, whether or not it's insured, and what I'm doing next.
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The best security is to not tell anyone that you have precious metals.
🤫whoops. Too late! 😄
@@2is1gold Just make sure it's really difficult for others to find out who you are etc. Otherwise you probably shouldn't keep any at home. Especially, if we do have a economic collapse and metals go to the moon.
Good thing we’re talking about insurance then
Is that your real face? Or just your UTube face? I am confused... "make sure it's really difficult for others to find out who you are etc."
I agree. Best not to tell anyone. But beyond that, also make it so that if they did find out who you are, the risk vs reward is not high enough for them to even attempt anything. I think arming yourself is a must for unorganized robberies by an amateur, if you’re able to. But organized robberies wouldn’t be interested in 12 ounces of gold, it’s just not enough for the risk. I think splitting up your gold and keeping it in multiple safe and secure locations is surely the way to go.
Please NEVER insure your gold. The less people know the better, especially IRS.
After we read my grandfathers will .....all he left me was an 10 gallon aquarium with a gold fish.
After about 3 months I was changing the substrate in the aquarium......to my surprise the whole bottom was filled with gold coins. 50 oz in total.............god bless you papa.
Wow! This comment brought a tear to my eye. You had one very special grandfather who obviously valued you more than anyone else on earth. I believe we are the living hope & embodiment of all our ancestors . Nobody says that better than your grandfather bigfats. Better not let him down brother.
Now that is cool!
Love it it's in plain sight, nobody steals a fish aquarium. But you know it's there
Wow that's a amazing story! Your grandfather was a smart man!
Once insured, it's on the radar, bad more
Keeping your gold ownership a secret is rule #1. A cop friend once told me, "a home safe, no matter the size, is only good if your love ones are not home" ... I too lost all my gold, guns ...etc in a boating accident years ago !
Yeah, your cop friend understands the reality of leverage and threatened violence. I gave up on complete secrecy, so I have to take things a bit further now. That's why I use the boat! 😄 Cheers!
True, a home safe is only really useful if you are not home and the thieves don’t stick around waiting for you or a loved one to come back.
Those boating accidents are likely to become more common in the next few years.
@@mostlyharmless0544 Just have no loved ones, what I do.
I lost all my gold & silver n a poker game, names weren’t mentioned and I can’t remember the address where we played!
My stack is insured by a Benelli M4. No way would I store my PM’s anywhere out of my immediate reach.
Don't ever leave the house! 😄
As soon as you use a vault the state are all over it. I prefer Benelli M4
@@2is1gold LOL.
It’s funny. I’m a Canadian, left wing politically. But holy hell would I be armed to the teeth if I lived in the USA.
Wild West down here!
Most of my gold is un-mined bullion that is still beneath the ground somewhere in the Yukon. Nevertheless, Janet Yellen is devising a way to tax my unrealized gains.
Ha!
Call Parker and his crew, they’ll help you out. 😂⚱️
Me too, my ira is all in pm mining. I need gold at 5K, can you bid it up for me along with silver 🥳
@Dans Earway Good.
I cashed in my Pension in 2000’ bought $110,000 in Gold at $273 an oz. That was 21 years ago, and I started collecting Silver in Nov.76’. Now 750# in my possession. I don’t care if I ever have to use this insurance policy. Because I have lived a very good life. I am prepared for this Greatest Depression NOW.
Good timing!
Lets hope they dont decide to take it away from you, like they did in 1933.
I wouldn't advertise that. Alot if very nefarious people hunt these sites and can figure out your location. Just ve careful my friend. God bless!!!
In the time of extreme panic, I'd accept being personally robbed vs not having access to a vault during a nationwide panic. Imagine a state border lockdown or worse, gold confiscation. You know this nation has done such a thing already.
but your gold is registered no? in case of national confiscation they'll come to get it, if you don't have it you go to prison
@@cours458 wym registered? It’s serialized but how tf would the gov know what I’ve got
@@bobbarker142 ah well, in my country I have to declare to my gov every gram of gold I own when I purchase it, the merchant would also declare it. this is not the case in the USA?
@@cours458 Nope.
@@cours458 If they come for my gold... all they will get is lead.
I carved a hole inside a big-ish wood log and keep my gold in there, it in the woodshed amongst many other wood logs. Whether it is a good idea or a bad one, I don't know, I just hope I don't pick that one by mistake and throw it in the fireplace one day.
Yes, great idea! (Until your nephew stops by and throws that log on the fire!) 😄
Since when does gold burn?
@@simonleland2873 Gold doesn't burn, gold melts
@@greycats99 it melts into gold. I really don't understand why people are so worried about fire with PMs. It would be an inconvenience at best and if your home burnt down the least of your worries.
Some bathtubs have an access panel to get to the drain. This is a relatively secure spot to hide things that water and humidity won’t damage. A small ammo can can normally be manipulated into. You may have to remove the drain line. Make sure and replace the line of course.
Just my thoughts.
No I don’t have one. Btw.
Also my coworker had a 100 ounce bar that he put on his desk at work. He told everyone it was fake. No one ever questioned it. I learned it was real when he retired.
Wow!
The trick to dummy safes is to put them in plain view at the bottom of the basement stairs and fill them with just enough rocks and new pennies to make them moveable yet guarantee a hernia for anyone who dare attempt to haul them up the steps. This will be a tantalizing target and if the safe is ever stolen, you can get a good laugh imagining the experience of hauling it out.
Ha!
I have 2 40lb lead ingots and 2 24lb linotype pigs. Once I melt and pour them into 1/2 and 1lb ingots for bullets and fishing weights I'll be needing to ptotect them in a safe!
When I was a kid my family lived in a house on a lake-front property near Chicago. My dad had a crane dredge a deep hole next to our pier and installed a diving board. The crane had struck "gold" but it turned out to be only"fools gold". A bunch of us local kids spent one summer diving, recovering and hoarding fools gold nuggets in big tin coffee cans. There were eventually numerous coffee cans full of "gold". Our house was eventually burglared and all of our "gold" was gone. The laugh was on the burglars. Fools gold for foolish burglars. 😅🤣
Hell of a story!!
The first rule is, you do not talk about gold club... 😂
Second rule is, YOU DO NOT TALK ABOUT GOLD CLUB...😉
Good discussion on the security options! This actually motivates me to do it sooner than end of the year!
The insurance call gave me a kick!
Any safe that can be moved is not SAFE. You've got to hide it/disguise it, and most importantly set it in rebar and concrete.
Agreed!
Have to be honest, I liked watching him put that gold out in the beginning. Very Nice.
😄
Fire rating isn't so relevant for gold. It's still recoverable if it melts, and temperatures required to completely destroy it are extremely high.
Yeah, that's a good point. The gold would be damaged though. All these plastic capsules!
Everyone is so worried about where to keep it all. Just let me hold it and you'll be fine. Promise.
Ha!
I feel the best home security is someone always home.
Like my big Dog with a boss complex.
Unless a home invasion is the theifs idea.Interrogation as a means?
A proper guard dog or two is the best security you can have. They are always on it, even when it’s 3:00 am, and your not ready to grab that gun or phone.
Agreed on the dogs!
Bad guys can shoot/kill your dog sadly
@@joycemorse2029 Not the point of a dog. If your dog is killed, you’ll know it. If you know that before bad guys are present (which the dog will alert you of) you’re already two steps ahead. If it’s so bad, that bad guys are thinking of ways to kill your dogs silently, you should’ve already bugged out.
@@joycemorse2029 Your dogs warn you so that you can grab your gun! My dogs hear everything.
My insurance company quit covering precious metals. Had to remove it from house and bury them on the family farm.
The river got it.
Why would you sell your gold? You trade it when it is time and that time is coming sooner then we think. The vaults don’t report until they are forced by law to turn it in.
Those boating accidents will get you! 😄
I'd never sell, I'll bury it in the mountains when I get to old.
@@user-gz4ve8mw9l you should trade it when the time is right and yes you never sell all your gold.
@@user-gz4ve8mw9l What good did it do you then ?
@@ibberman Personal preference I buy to hold onto for life as an insurance policy of sorts. I don't have, nor will I ever have any family. So nobody really to inherit it at all.
I think one of the best things you can do is get a monitored home security system. Mine is $50 a month and the equipment came free. Someone kicks in your door and sets it off, there is only so much time they can spend on your house before the police show up not to mention the neighborhood hearing the alarm screaming. Couple that with a good hidden spot for the gold and you should be ok. If I’m home though me and Mr. MK-25 will handle the rest….. I was a lead stacker long before PM’s 🙃
Ha, yep. I have redundant security systems, one hardline monitored and one cloud-based. I also have other things. I think that’s common around here!
Hmmm, when I see people calmly robbing CVS and Target I’m not all that convinced those security systems will do anything other than, perhaps, have the police show up after the fact to take a report. Still, I get it - it is likely a deterrent for most and it surely makes you feel safer about your stack.
Police protection is not the best option at least in Seattle.
We got robbery in our house,
And police showed up in 40min.
Why??
Because in today world you are not protected by police anymore.
@@VerticalStacker not disagreeing for sure, I don’t rely on police by any means. Luckily my job allows me to work from home so I’m there 99% if the time. A security system is one layer, if you stash your stack well enough as well as surveillance, break it up into multiple locations, paint cans on a string for the stairs 😉, you can LOWER your risks but not eliminate them.
@@pavazinuch4204 sorry to hear about that! I’m in the puget sound area as well so I can relate, literally haven’t taken the family downtown in years for that very reason…. Way to sketchy and police are already under staffed as it is.
Back in 1933 gold confication, smart people shipped their gold to vaults in Switzerland. I agree large sums of precious metals is wise to keep in a vault.
Even in 1933 it was not a gold confiscation. The government wanted to buy all the gold available in the country for $20.67/once and in 1933, $20 was a lot of money. 😉
Security is security. I throw a few ounces of silver and a piece of fractional gold along with cheap jewelry in a plain sight jewelry box. The rest is hidden 3 and 4 steps elsewhere in the house. My thinking is thief will grab the jewelry box thinking they scored. Hopefully it will never be tested. I have outside security cameras and a yard sign as well.
Good plan.
I've seen these interesting little safes that operate on the "hidden in plain sight" principle wherein the actual safe is a furniture polish can or shaving cream can that is hollow and has a screw-on bottom. I suppose it could be eventually discovered by the villain if he has the gall (and time) to pick up and shake every container in the house.
Insurance is totally WORTHLESS! I discovered this years ago and only carry insurance that is required by law i.e. liability on my vehicles. Good luck. I like the boating trip plans... better then storing it in a gold vault in my opinion.
The vault only made sense to me recently. I changed my view on it only after passing a few initial goals. Cheers!
Aaron Draplin's Field Notes spotted! A man of taste and class you are.
Good eye!
😁 At least is a fire the precious metals are still worth their weight as long as you find the lump of metal before the fireman do, hahaha
Ha, true!
Average house fire is 1,200 degrees Fahrenheit. Gold melting point is 1,948 degrees Fahrenheit
@Jorge Adame ack, jet fuel? Extreme dude, BUUUT, anything is possible nowadays
@Jorge Adame lol well Mitch was right the average house fire probably wont melt gold BUT jet fuel certainly will since it peaks at 4,050 °F
@Jorge Adame how about skyscrapers?
I don't want to comment on security, but I will say that I think about it a lot and that I have considered APMEX as an option to vault some items, but it's nearly impossible to fully trust anyone or anything, especially relatives that live out of state. I would like to think that I can trust my kids some day, but they are too young still. It certainly is a conundrum. The only comment I want to make is to say that I enjoy the variety of your closing quotes. It keeps me tuned till the end and for my comment on your next video (a chapter 2 on this topic would be great) I will leave a quote as well.
Thank you!
Stunning stack; especially the Buffalo’s and the Saga. Thanks for discussing something that we all have concerns about.
Hey, thanks!
That's an insane amount of physical gold to hold!
I think ASMR would be stellar! You certainly do have an aptitude for tunes! 🎶
Personally I’m not surprised about the insurance thing because I just don’t believe in insurance - of ANY kind. I think of all the “required” insurances we need to have are just “additional taxes” and nothing I could count on. For that matter, I don’t even count on social security nor on FDIC. Perhaps that makes me ultra cynical or paranoid, take your pick lol 😂
Ha! Well, hopefully you never run into anything to test your theory of whether you need it in the first place!
I hear this from the same people calling up their home owners insurance when damage is done to their property
Agreed. 6 years ago my wife changed jobs and we no longer had health ins. We put $50/week aside instead. We rarely see the dr. Our “health” policy is now just under $14K. We do have a major medical policy just Incase
I'd be careful with that self insurance. We lost everything in the Ca wildfires, home, classic cars, guns, 35000 rounds ammo, 60's guitar collection, artwork, my workshop to make a living with every tool known to man. Total loss 3 million and everything was paid for, no payments. We had just bought insurance but the broker made some mistakes on the policy. We now, at 70 years old live in a 300 sq ft apartment in a 20 unit complex with a mattress on the floor and a couple of chairs and a table found curbside for $2,000 per month.
You know, you stop me from making some basic mistakes with this product. Thank you very much .
Thanks for watching!
Thanks for your openness and the level of trust you have to share your thoughts. I think it’s a good move to get a lot of your gold away from your home. Great videos!
Thank you!
Same, my insurance does the same. I leave a dummy safe out, sort of hidden, but not so much that it isn't found quickly. Give them something to look at and spend time on. A little heavy but it can be carried away. Then, when they get it opened when they leave, they find bricks to build a 💩 house. Lol
Ha! Maybe add a congrats note! 😅
Love the idea of a dummy safe, and adding a congratulations note.
I actually have metals in display in a hutch, not a lot but some coins of yesteryear and the revolving lunar calendar coins. I say that most thieves haven't a clue, their going to walk past the pms to take a laptop,ioad,iPad, or flat-screen. Keep Hustlin
The 24k stuff is simply....mesmerizing. When sprinkled on your desk they make the AGEs look kinda dull in comparison. Beautiful! EDIT: Agree that one needs to be cognizant of InfoSec especially when it comes to info traveling on the Bits and Bytes highway of today's world. Those bytes have the staying power similar to the half-life of Uranium and most of us are completely oblivious to the bread crumbs left behind and unaware what modern data miners can find. Serious stuff for sure.
Yeah, the Eagles always look coppery in the presence of 24k. Security is a rabbit hole. I'm doing one of the dumbest things possible. At least I'm aware! 😅
I have my Gold in a storage depo. The storage depo covers $1mil. It costs me $20 a month for a piece of mind and I can go grab it any time.
Nice.
Good against all but government confiscation right? You've gotta be getting pretty nervous about our government going full communist/Nazi...
@@gadgetsage I know it's crazy times. It's not a specialist gold storage place though they would never know.
Interesting. I assume (and we know what happens when you do that) you've pored over the storage agreement to make sure pms aren't excluded?
@@gadgetsage yeh i looked through it about 7 times to be sure. I actually called the manager of storage mart asked the guy if it's covered and got him to email me. He said if it's in a fireproof safe it's covered
You always speak the truth about important topics , Thank you. Plain and simple
Hey, thanks. I appreciate it!
That dump was the shit!! See what I did there?😉
The security thing is a bit of a challenge to talk about in this forum for sure. As the saying goes, "Loose lips sink ships". As least you're armed with guns and sharp things that will gut a crocodile in 30 seconds. 😎👍🏻
Stay gold Pony Boy.👊💥
Ha, all true! 🤜🤛
Yeah. You had to tell people your punch line. I saw that
A lot of folks in the community don't know what Specie insurance is which always surprises me. I like having my gold close to me but there's a lot of logic in splitting up my stack. I could say a lot about personal security with gold but I figure most folks in this community have that covered (at least I hope they do). Thanks bringing this issue up!
I'm having to pick one up from another carrier right now.
If you buy Gold coins online and have them delivered all it would take is an employee of that company to get the addresses of the customers and sell these addresses on to a criminal organisation. Seems very risky
or a hacker selling the database to some gangs
Great video man. I store a bunch at my uncles house and he’s into security. Heavy security. Good that you’re spreading it out. Love the candidness and advice as always
I have a sentry fire safe but after watching some of the lock picking lawer videos I'm starting to think a great hiding spot or three might be better protection from theft.
Completely. The fire proof nature of the safe is important, though. I have hidden safes that take care of it pretty well. Cheers!
@@2is1gold I've never once heard of a burglar stealing, or even bothering, an old paint can. Say, one that is half full of paint that conceals a plastic encased package at the bottom of the can.
Of course, make sure the package has a large washer in it, so that you can retrieve your package with a simple magnet on a string.
@@IMDunn-oy9cd and make sure nobody cleans out your garage as a surprise favor. my dad is getting older and keeps finding projects that would put my stuff at risk if i were to hide things in old paint cans.
Any competent person with cheap power tools could get into most safes within an hour.
@@gosnellktn A couple of paint cans, a drop cloth and a dried up paint brush in the back of your master bedroom closet probably wouldn’t attract any attention at all.
Great video! Like you, I just keep a minimum amount in any given location to avoid a catastrophic loss. Decoy safes in obvious places are a great idea too 😂
The problem with my dummy safes is that I have relatively important paperwork in them. I’d be out for blood if they disappeared! 😄
The tube popping sound, just like Champagne - Dom Pérignon White Gold Jeroboam ($40,000)
Yes sir! The pop top is a special sound! 😅
i was thinking same thing//.
Interesting info on the insurance there...
I found a few options for riders shortly after posting this, but they're expensive!
Security is one thing, but what if the government simply makes all transactions involving physical gold, including ownership, illegal?
Oh that's coming sister because gold and silver compete against the American dollar 💵 when it comes to people saving there wealth the government wants u holding paper because they control the value and can print more. 🖨 but they cannon make more gold! Great point u made
Anyone trying to scare you into thinking confiscation is coming is only doing it for the views.
Back when the government made it illegal to own gold, they didn't confiscate it, they used strong language, and fear tactics( you know, like they are doing with this scamdemic) and only the sheep turned in their gold, critical thinkers don't listen to government rhetoric. I only wish that I had some to hide.
@@bill8582 yesss exactly 💯 nice point brother!
And if they impose a mandatory 5 year jail sentence if you are caught with it. No matter what you do they can get your gold. Just do not tell anyone that you own it.
I am in my mid-50s and keep all my gold at home. I have never been robbed. I have four siblings, none of them have ever been robbed. My parents are in their 80s and their home has never been broken into. Out of my half dozen or so close friends, none have ever been robbed. Perhaps we are all just lucky, or perhaps people are lying to me, but none of my co-workers has ever been robbed, either.
Robbery is not that common. Yes, it's good to be cautious (same reason I wear a seatbelt every day), which is why I have 3 safes hidden in my home. If a Hollywood gunpoint robbery scenario happens, I'm probably not gonna go Die Hard on the assailants in some dramatic shootout. I will, however, lead them to one of the thinly populated safes, give them what little I have there, and keep the knowledge of the two full safes tucked safely within my small but sturdy brain.
Point of this all is that you're probably safe keeping your gold at home if you live in most parts of the US or Canada or Western Europe or Australia/NZ. People go a little nutty with SHTF scenarios. My grandfather's generation was obsessed with such scenarios, and they (thankfully) never came to pass. My grandfather was born in 1902.
Just FYI, Charles Montague is not my name.
Uncle W. Buffett says, “we dig it out one hole in the world and then bury in another hole and pay someone to guard it. Anyone watching from space would be scratching their heads…”
About right
Anyone watching us being led around by our dogs and carrying around plastic bags to clean up after them would wonder a bit too. 😅
@@2is1gold 😂
We pay someone to guard it because it has value. Gold is stored energy.
@@paultravers8581 Very good metaphor. I would add Gold is stored Economic Energy!
I always thought that, besides obstructing the view of Venus , that its gaper traffic jams that would see the Earth terraformed by Aliens due to no signs of intelligent life.
The sea was angry that day - love that quote
I hid some small diamonds in a stuffed animal several years ago and forgot about it.
My wife donated the animals.
Some kid's parent is going to be very surprised.
Good advice on some of the various options for storing precise metals. Thank you.
Thanks for watching!
Take an old cool whip container. Put gold in container, fill with water and freeze, Place in the bottom of deep freeze. It will never be found.
I'd be afraid it would be thrown out! 😅
@TRUTH _ My uncle hid $30,000 in cash back in 2008 to look like a sandwich and put it in the basement freezer at his mom’s house, my grandma. Someone threw it out thinking it was an old sandwich
Old paint cans in the garage. Nobody doing a B&E to grab some quick loot in going to bother looking at paint cans. Outside the box thinking is paramount for those who wish to store their metals in their home.
Most bank safety security boxes are no longer insured to any value in which you'd want to store gold in them.
Why would they be? The bank has no idea if you're filling it with bricks of gold, or bricks of concrete.
If I had any gold I wouldn't store it at a bank. What's to stop the government from taking it? What if you really need it and the bank is closed?
@@phaedrabrooks5565 It happens even today! I read the other day the Feds opened every safety deposit box in a Bank and took everything!
@@phaedrabrooks5565 During the height of covid mania I found myself in that situation.
@@geckster109 Why were they in the past?
I ONLY come to your video to listen the very last part music ...I love that music lol
Ha! Maybe I should just play it straight through!
I learned the same thing about insurance coverages for home valuables as my wife had some pretty significant diamonds. Rather than insur at a rediculous premium, I moved them off-site. Yes a bit inconvenant, but it comes knowing 1) they are covered for loss from theft and 2) a big saving vs. additional insurance. I will look at a bullion vault as you mentioned when my accoumulation grows to be meaingful even though it resides in a comercial safe, behind a few guns and an alarm system presently. I do have a back-hoe that I love to use... I suppose that is an option as well. Any recommendations on containers to bury?
I haven’t buried that kind of container. Good luck!
Dont use bullion volt in a crisis it could be gone, governments can take possession what whatever excuse then that becomes a headace
That’s what I’ve been looking into the precious metals vault the convenience of when selling through them I feel is a great feature on top of the safety
There are definitely upsides.
I have a full security set up at my house and a dummy safe then hidden ones at 2 locations so for now that works fine. As my stack increases I’ll need to put more thought into what to do.
Looks like a good plan. 👍
I store my wealth ok the bitcoin network. my private keys are safe.
@@JimmieJohn haha. Look at what Dan peña says about bitcoin!
I certainly agree to bring them to separate but safe locations. We are also very good neighbors with the bank manager where we bank, so using the safety deposit box isn’t as risky for us. Unfortunately, private vaults are just a subpoena away from being opened and confiscated, just like what happened in Beverly Hills. But sometimes we just don’t have any choice and take that risk.
That's why I have a decoy vault account with bags full of diamonds. 😄
The banks will be the first to comply with any government edicts and are under the direct control of the Fed. No bank employee is going to risk going to jail, because they are nice and like you. Private non-bank storage many come under orders, but the feds need to locate them and find them and determine if a "Wine Locker" is covered under their edicts, etc. Something to think about.
@@jager6863 I appreciate your advice and concern. We are aware of the risks involved and an immediate “bank run” and closure would be the major risk we are taking. Our antenna is up for warning signs to show up and take the necessary action immediately. That is a risk I am willing to take rather than keep everything or at least a big portion of it at home.
Fed investigations on bank accounts including safety box ownership are target specific, we were told. It would not be as easy to use a blanket subpoena to confiscate the entire safety deposit boxes of an entire bank branch, the big banks would just not allow it and would not give it up that easily. Hopefully, that would be ample time for me to act.
@@skepticcontrarian7477 After hurricane Katrina, the cops used a blanket order to confiscate all the guns in New Orleans and went door to door. This wasn't legal and it took over a year to get to court. Cops "lost" many guns, others were covered in rust. They also demanded that people present receipts proving the gun was theirs. If the feds take your gold/silver in the dead of night, how do you prove how much you had in the box?
And yes, big banks will give them access to everyone's boxes without a fight. Your "bank manager friend " isn't going to jail for money laundering charges to protect whatever friendship you think exist.
@@jc1979af I appreciate the warning. Something to rethink, as @Kevin Walker has also wisely advised.
I am glad you made this video, It shown up on aa recommended video for me. I know we share quite a few subscribers as well. But I use a Vaulting service for the majority of my physical bullion. My vault is located here in the UK ( Yes I am an American but I live in the UK ) But our vaults are what you would expect like fort Knox. I too have a safe room alongside my firearms. Every so often I am still sending off my stack. It gets picked up by an armoured vehicle and then I get confirmation upon arrival.. The downside for me is I have to pay insurance on the storage and other fees like tax! Yes they value my items yearly on SPOT alone. Although they also check every piece to verify it is genuine!!! And I have all my serial numbers and those collectable pieces I hold all the certs in a special box here. This way when it does come back ( and I did have it ALL return to me last year after the pandemic ... I was surprised to see it in perfect condition.. it was a wow moment because I had forgotten about so many items. Anyway bud. Great video . I am subscribed to your channel,, and must watch more. Thanks
I use a vault service too and need to send some more away. Cheers!
Great topic and video! Also, great job very impressive collection of coins! I noticed a few bullion dealers offer segregated vault storage and have an active two-way market so you can add to or liquidate your assets. That service plus the full insurance coverage makes that an attractive avenue especially if you have alot of that bulky silver in your collection but its hard to send your stuff away from home lol! Again great video looking forward to the next one.
Yeah, the dealers have figured out how to create solutions that are at the same time extremely convenient and not convenient whatsoever. 😄
Thank you for going out on the limb providing a crucial lesson. All recommendations are right on.
Sure thing. Thanks for watching!
Hide the hell out of it , and obviously a fire safe . Great investment
You can always add to or change a policy. You don’t have to wait for renewal, even if you’ve already paid in full. Add an inland marine policy if you can’t purchase additional coverage. Cheers
I'm working through some updates now. Cheers!
I ran into something similar: I'd had a policy from a well-known bullion dealer... until I didn't. They told me I can have them store it in their vault if I want, with guards, etc.. So I tossed it all in a lake. Didn't you see me toss it on your boat that fateful day?
Yeah, there's really no other option but to load it up in the boat and go for a spin. 😄
@@2is1gold I guess the crypto crew will be jealous. No fateful boat ride for their stack, eh?
Best security silence. After that, get a tl15 safe or higher. You can buy a Ryder policy starting at $100,000 and up, depending on the safe. Hide the safe, with burglar alarm. It is safe then.
Agreed. There’s an obvious point of failure in it, but only if the silence part is broken. Cheers!
I purchased a large quality 'gun safe' some years ago. 800 lbs. bolted to the floor and fire rated. Unfortunately in time I learned it can be breached in about 10-15 minutes with the proper power tools and knowledge. I subsequently learned Underwriters Laboratories (UL) will not certify a vault as a safe unless the steel is a minimum of one inch thick.
The least safe you can be is ignorantly thinking you're safe. You at least know your situation. ✊
Cameras and dogs are your best security on top of a safe. If you’re home and it happens. Well……. You know.
If it's 800lb. why bolt it to the floor.
Might as well bury it like john wick
It's easier to tip an 800 lb safe than you might think. High center of balance. Once it's tipped, a wrecking bar can go to work.
Again, thanks for sharing your insights and opinions. Always apprecaite hearing about your learnings.
Thank you - I appreciate that!
"Naturally I let my wife take care of it!" 🤣 A very wise man I deed!
😅
I was thinking the same thing lol 😂
You let your wife take care of it?Knowing typical American wives,their loyalty and the laws....you might as well have given it to her boyfriend or next husband. You at least don t have to worry about WHO is gonna rob you.
@@nickn6223 Gold diggers lol..
Thank-you again 2is1,,,, You discuss topics everyone should be aware of if not already. Security is something that every person needs to have in place. People say guns, dogs, safes, digging holes. But the safest way is to keep your mouth shut. Trust only to whom you trust your life with. Pick a plan that you feel the safest. Work that plan and if you worry to much get out buying PMS.....
Yep, I jump right into these things breaking the cardinal rule. Loose lips sink ships. 😄
Changing insurance carriers, or pricing them should be a semi-yearly or bi-yearly event for everyone.
Most insurance only covers up to 10k in jewelry, coins or other precious metals.
It takes months to change carriers for me, unfortunately.
@@2is1gold even if it takes a long time for policy to go into effect, you can schedule the change of service. My main point is most people never review and check the prices on services they pay for. Especially when it comes to insurance.
50k in my country as long as no single item is over 1.5k in value.
That’s why we watch. The asmr aspect. Who cares about gold. Seriously. Gold is wonderful. The real asmr. Mentally and physically
🤩🎶
Security is one thing to consider but you can't escape the fact that the gold in your stack is absolutely beautiful. I noticed at least a couple of American Liberty coins. I loved this video. Next time it will be just a couple of soda machine slugs and a few subway rokens.
Ha! Maybe some loose change. 😅
Fantastic video. Pretty sweet Grimsmo pen.
Thanks!
Breaking the GOLDEN rule.......If you don't hold it, you don't own it!!!
That's not the golden rule, that's just some bs that keeps floating around. Nobody keeps it in hand. 😄
No comment on my security protocols but I’m loving that closing Seinfeld line 😆
😄
Most chartered Banks give you a small safety deposit box with a chequing, and savings account, sometimes free. Its also wise to spread cash in several accounts, and you can do the same with your metals. Your right about one thing, shut your mouth, and don't leave a trail.
Last year all the banks around here shut down for weeks for the virus. Including the safe deposit box access.
@@adrianmizen5070 Yeah I know, use main branches for deposit box reasons. You can still use subsidiary branches for other banking reasons. I called the main branch and was able to get in touch with the bank manager at a local branch and got access. They are obligated to service those needs. Covid was hopefully a once-in-a-lifetime adventure. Don't invest in Chinese Gold, the CCP is involved.
Nothing dumber than a bank safety deposit box. You are done. You do not understand who to trust obviously as you trust banks.
All the banks are going away. CBDC. Welcome to the CCP
Yeah, it's time to move a bunch to the vault but please hang on to some of those buffaloes. We're hooked on the dopamine hit that comes from just gazing upon them. Gotta love the Costanza quote. Your handling of the channel is much appreciated.
I'll keep at least 10 around! Cheers!
I keep most of my gold and platinum in a bank vault near my home. It is too dangerous to keep gold bullion at home.
I get it. 👍
Unfortunately a bank closes and if they close on an emergency, you’re out of luck getting into it. They can also stop you getting into it by court order. I wouldn’t keep very much in a bank.
Me: let’s see that gun collection!
2is1: ok sure
TH-cam: Demonetized!! Haha
The pour out was epic. I’d love to discuss this topic but it’s already been said… lose lips sink ships. I don’t have that much gold yet to worry about but if I did I probably wouldn’t keep much more than 20 ounces give or take at my primary residence. Spreading it out other places I personally think is a good idea along with vaulting the bulk of it. Love your channel man! This one and clean money are my two favorite precious metals channel’s on TH-cam.
Hey thanks! And you got it on both TH-cam's views on things and Clean Money being legitimate. Cheers!
Another great video!
Thanks!
Talk about dense stacking! Very nice. Appreciate your channel 👊🏻
Thank you!
When the SHTF, good luck walking into a grocery store with an $1800 coin and expecting them to take it and give you change. And your gold may be useless when times really get tough and they are. They may protect spending value over paper currency due to the weakness and eradication of the paper dollar but you have to have somewhere that will accept it when these times get tough. Same thing with a $25 silver coin. But with your gold, you need lower weight values to make it usable and that is probably not what you purchased it for to begin with but in the direction we are headed, you are most likely going to need it for that.
bullets will be currency if SHTF
@@virgiljohnson4260 Most likely "when" not "if".
That is why everyone always talks about diversification - a little gold, a little silver, some 90% silver coins, ammo & guns ….
@@TheSilverState and canned soup :)
In a SHTF scenario, you can just cut up your larger gold pieces. This is EXACTLY what they are doing in Venezuela, if you look it up.
Gold is my jam! Your gold rocks! Having it spread out though may not be a bad idea... I need to look into options... Insure your gold coins as a coin collection instead of as bullion... That is what I did... I was able to get it covered.. if it is a coin which most of your gold is then I don't see an issue... It will be expensive though... that is the downside...
They had something like that but specified it couldn’t be bullion. I have a line on a normal policy now. Just took a bit of legwork. Cheers!
What leads you to believe that insurance companies will pay anyone. Look at all these natural disasters they never paid people for. Then if gold goes up are they going to make up the difference. Then what are they going to pay you with. Because dollars probably be worthless. Hints the reason for metals.
The more you pay for storage and insurance to protect is a net loss over the lifetime of these monthly payments the whole reason people invest in metals is because they don't trust the system but then you trust the same system to protect your investment. I do not understand.
You inspired me and I got my first Buffalo BU. Honestly, I really think I’m gonna eat it whole. Yum.
Wait, what are we talking about here. Oh you are giving away those coins to each and every one of us. Cool. Such a generous dude
Ha!
Just buy a very large home safe, that you need a forklift to move and bolt it to the concrete floor.
I did.
No need for insurance.
No worries.
I do have one. Some goes in there sometimes. If/when I move, the safe probably has to stay. In addition to the jack required to move it (once its unbolted), three doors have to be removed to get it out of the house. 😄
...and keep a loaded weapon inside the safe in case you are forced to open it...unless you are Alec Baldwin !
Really? They need a drug fix and come into your home,hold the gun to your kid's head and say"open the safe" than what?There goes that "safe " plan. LOL
@@nickn6223 dont have kids at home. I and wife are both gun owners.
Have you consider a renter insurance policy? you are not required to be a renter, but you can get 20k or maybe more, insurance for all valuable provided you have pictures and proof of ownership. it cost 10-20 buck per month.
I've found a few options specifically for gold bullion with a few phone calls. I'll have to report back. Cheers!
I definitely need to ramp up security. But no matter what I feel is best for security I always look at the down side and get a bit spooked . It is spread out in a few places but that’s more for if one gets stolen hopefully the others are in tacked .
Big safe with a nice fire rating is nice but fighting wild land fires for 6 years and seeing thousands of burned houses I’ve yet to ever see a safe in tacked usually the only thing that don’t burn down is a porcelain tub or the brick fire place .
I guess I haven’t put that much thought into it and maybe that should be a New stackers first priority before starting to save in gold or silver . Thanks for making me think 💭 now my mind is going a million miles a minute.
Is any one option for security 100% safe ? I’m guessing no !
Take care bro .
There really isn't. You can get close, though. And separating it is always a good plan in my book. Good luck!
Excellent video ,nice thing about gold does not need to much space to become invisible , ditto to all security thoughts. Best security is to have so much gold that nobody could move it. 😎
Ha!
The sea was angry that day my friends 😂 Fire proof safe secured to the floor and hope nothing bad happens.
Yes sir! 😄
🤣🤣🤣🤣
All the gold on earth is meaningless in a grid-down SHTF scenario. Food, water, gas, and medical supplies are. And your skills.
Chicks dig guys with skills.
I say do what you gotta do to keep your assets safe. Thanks for posting and educating. I feel that is what these video's do, at least for myself. Keep up the good work.
Thanks, Rich!
That’s a nice stack, l’d like to send you a postcard, can I get your address?
1313 Disneyland Dr, Anaheim, CA 92802 😄
@@2is1gold People are very funny on this channel!
That’s where the postcard is from-
I live in Stewart County, TN. If you forget the address , just look up "most well armed county in the US", and it will pop right up for ya. Don't move too fast if its late. The dogs will wake up the Mrs.
🤣🤣
Love your channel mate. Very classy to look at 👍
Thank you!
In a SHTF scenario, food and other supplies are going to be as valuable as Gold or Silver. Most people won't risk death over a can of beans, unless they are starving. I live in a really nice area, surrounded by desert, with lots of water, but we are too close to large urban center, less than a 60 minutes by car, so the bad folks can get here with a little effort.
Physical security is great, but it is simply a delay, as with enough time and resources, anything can be located and broken into. My late father had a small old safe, which he forgot to tell anyone the combination to. A professional locksmith took 5 minutes to open it!!!
Firearms and body armor, plus enhanced physical security of your home are essential to defend against a home invasion or burglary, I like and use off-site, non-bank storage and although it does add cost, it will secure your assets safely, provided the government doesn't try and steal your stuff as in what they did in 1933.
Yeah, there are risks with anything. All we can do is reduce them. Cheers!
In an apocalypse gold and silver will be worthless and the only thing of value will be food guns ammo and labor
If SHTF im sure there's gonna be somewhat functional society much sooner than people think
I like those Perth Mint Lunar coins I see there, working on my collection too.
They're very nice!
Here's my plan: I'm gonna buy fake gold and put it a safe as decoy.
Makes sense to me!
Invest it in the market in a index fund if you don’t know stocks gold don’t make you a 10% return every year like the market will let that money work for you
I don't see it as an either/or situation, personally. I invest a fair amount. Cheers!
@@2is1gold I say this because I purchased silver when i started investing in the market and the silver actually lost me money and the market account put me up about $30,000.00 dollars something to think about anyway
@@shannoncargo468 yep, I get it. I would never go all in on gold to the extent that it prevented me from investing.