Safe deposit boxes: Revisited

Discussion of the Gold portion of the Permanent Portfolio

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mathjak107
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Re: Safe deposit boxes: Revisited

Post by mathjak107 »

there was an episode on the show swat which wasn’t so far off from what could happen .

a precious metals dealer was furnishing a safe installation company with leads .

they would tell them how much gold was purchased so they can size an appropriate safe and call a potential client to see if they were interest in a safe .

the potential client would say he either had one already , wanted one or wasn’t going to keep the gold at home .

a unscrupulous employee would use that information

the ones that were keeping it at at home had home invasions and the gold stollen and they were murdered so as to leave no witness .

not so far fetched
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Re: Safe deposit boxes: Revisited

Post by dualstow »

Good way to lose your long-term business O0
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Re: Safe deposit boxes: Revisited

Post by steve »

Xan wrote: Sat Sep 10, 2022 7:38 pm
Mark Leavy wrote: Sat Sep 10, 2022 7:25 pm
johnnywitt wrote: Fri Sep 09, 2022 6:22 pm What is currently the best SDB Insurance?

I use https://safedepositboxinsurance.com/
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Re: Safe deposit boxes: Revisited

Post by dualstow »

I added ounces to the safe deposit box recently.
I sleep better at night ever since I bought insurance. It’s cheap.
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vnatale
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Re: Safe deposit boxes: Revisited

Post by vnatale »

dualstow wrote: Wed Apr 24, 2024 7:01 am I added ounces to the safe deposit box recently.
I sleep better at night ever since I bought insurance. It’s cheap.
2 separate items? You bought some form of insurance for the contents of the safe deposit box?
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."
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Re: Safe deposit boxes: Revisited

Post by dualstow »

Yeah, I use the same company recommended by Steve above.
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Re: Safe deposit boxes: Revisited

Post by dualstow »

P.S. I probably mentioned it before: I feel antsy when I read in the policy that they don't cover 'mysterious disappearance.'
However, I understand that they have to do this: what if one spouse empties a box without the other's knowledge?
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Re: Safe deposit boxes: Revisited

Post by vnatale »

dualstow wrote: Wed Apr 24, 2024 2:55 pm P.S. I probably mentioned it before: I feel antsy when I read in the policy that they don't cover 'mysterious disappearance.'
However, I understand that they have to do this: what if one spouse empties a box without the other's knowledge?
What does not constitute "mysterious disappearance"?

An obvious physical break-in? Happening to others at the same time?
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."
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