I may be known for keeping my silver treasures in small wooden chests, and the chest are a collection in themselves, yet security of our physical holdings have to be a part of the Stacking plan.
I've known a few Stackers that have been burglarized of their precious metals in the past. This prompted me to think about it more strategically. I got off YouTube, putting it out there makes me a target. I stopped entering most silver giveaways, being a winner means giving away my address, sometimes I use my cousin's address with his permission as my Post office box. I have a fire safe too, it's great for documents but not very secure for gold and silver storage. I do have a safety deposit box with enough room for some items but the Bank just rents the space and doesn't insure loss should that happens. That does add a counter-party risk.
It's big subject.
A lot of details that would make a for an interesting blog series.
Wow, that is crazy that the bank just rents the space, so they don't insure it at all. Like what's the point!? I guess they have to cover themselves, but why even offer the service then. It's a bit of a quagmire to figure out the best way to keep our valuables safe.
I believe SDBs Safety Deposit boxes are a liability to the banks so they may be fazing out over the long term and so the onus will be upon the private individual to secure his or her own valuables.
One option that I am beginning to favor is contracting a private vaulting facility space shared with my siblings, It's an hours drive from where I live.
My holdings are getting significant enough to justify the cost, and I can write the expense off as a Carrying Cost.
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