reub
Junior Member
Posts: 84 
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Post by reub on May 24, 2016 4:19:53 GMT
I was watching the local news tonight and saw a story about a professional band of thieves who are breaking into banks from the roofs in the New York area. Then they're cutting into the vaults and removing the safe deposit boxes.The police are finding these opened boxes without their contents on the roofs of these banks. Evidently this is the tenth such robbery since 2011. abc7ny.com/news/queens-bank-robbed-by-thieves-who-cut-hole-in-roof/1351473/Maybe paper gold is safer after all? |
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Post by sophie on May 24, 2016 12:19:34 GMT
Goes to show that goodasgold is right: you need insurance for gold held in safe deposit boxes. Paper gold has risks too.
Out of sheer laziness I hadn't looked into it yet, and was relying on the forum to provide the right weblink. I had called my homeowner insurance company and they wanted a pretty exorbitant amount, but they also didn't have a specific rate for valuables in a safe deposit box - so their rate assumed you had it sitting out in the open in your front hallway. Next time the forum comes up I'll have to grab it.
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Post by machineghost on May 24, 2016 20:26:44 GMT
I definitely think private vaults, casinos or wine rooms are a much better way to go. Banks don't have any liability for the contents of safe deposit boxes, so what good are they, really? It's all security theatre. This vault in a strip mall was featured in some kind of a gold documentary on the History Channel (I don't use it nor would I dream of using anything that was publicized): www.usprivatevaults.com/What a tempting target! How about that huge underground cavern in Kansas City? That may have top notch security. |
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Post by pugchief on May 24, 2016 22:57:41 GMT
Are casinos allowing private parties to store things in their vaults now?
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Post by technovelist on May 27, 2016 13:19:05 GMT
I think the safest place is the "in transit" warehouse in/near the Zurich airport. Global gold's storage fee includes insurance, which should be pretty reasonable for such a secure location.
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Post by pugchief on May 27, 2016 13:54:58 GMT
I think the safest place is the "in transit" warehouse in/near the Zurich airport. Global gold's storage fee includes insurance, which should be pretty reasonable for such a secure location. If the point of physical vs paper is the elimination of counterparty risk, how do you know Global Gold won't steal, misappropriate, etc your gold? |
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Post by technovelist on May 27, 2016 19:04:18 GMT
I think the safest place is the "in transit" warehouse in/near the Zurich airport. Global gold's storage fee includes insurance, which should be pretty reasonable for such a secure location. If the point of physical vs paper is the elimination of counterparty risk, how do you know Global Gold won't steal, misappropriate, etc your gold? There is no absolute safety in anything. I'm satisfied by my research that they are as safe as a Swiss bank, which was safe enough for HB... |
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