bullion self storage
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We all understand in some way there is a growing risk that the value and purchasing power of the US dollar may eventually collapse. This risk grows daily under the weight of TRILLIONS IN GOVT BAILOUTS and un-payable debts.
We are past the 50-50 point of probability that the US dollar will devalue into toilet paper in the next few years. NO country can forever avoid the fate of every country in history who has tried to borrow and print their way into prosperity.
Currency collapse, like that which recently occurred in Iceland, can make your paper money and money in the bank worthless in 48 hours.
Sadly, there is NOTHING any American can do to stop what is unfolding. All we can do is prepare NOW for the worst case scenario that becomes more likely by the day. Having gold, energy and foreign holdings in your retirement plan
IS JUST NO LONGER ENOUGH PROTECTION.
We all need physical possession many months of our normal bills as transaction insurance. This is because when currencies collapse a barter economy usually fills the vacuum for weeks or months until a new currency can be rolled out. The best "hard currency" historically to barter with in that circumstance is smaller denominations of silver, gold and food.
Having investment grade, brand name precious metals marked 1 troy ounce .999 fine, or in assay cards, is the best assurance your precious metals will be accepted in any temporary barter economy. Silver that requires math (like junk US silver coins) will be less accepted than pure 1oz bullion in a crisis environment.
Hyperinflation and currency collapse often give rise to food shortages and famine. In that environment, people holding hard currency never go hungry because people with food have, for 5000 years, bartered it for gold and silver. This is cultural and will NEVER change. People say 'good as gold' for a valid reason.
Having a few months of stored food in your house is also a great idea. Warehouse clubs like Sam's and Costco sell big food cans that last for years dirt cheap.
Given the risks of storing your precious metals in a bank safe deposit box (aka: the bank can close in a panic and near all states, the IRS and State governments all have predatory asset seizure programs), storing at home can be a safe, best, alternative if you think outside the box.
The smartest people I know on this subject have told me the following tips to keep in mind:
1. Precious metals have such high melting points that no typical house fire can melt them. Your house may be a pile of ashes, but your precious metals (esp. if stored in cans of water) will survive unscathed.
2. EBay is full of "diversion safes" that can hide small amounts of metals in what appear to be ordinary household items. See: http://everythingelse.shop.ebay.com/items/Safes__diversion-safe?_catref=1&_fln=1&_sacat=102542&_ssov=1&_trksid=p3286.c0.m282&_mPrRngCbx=1&_udlo=&_udhi=20
3. DO NOT STORE precious metals in a gun or other easily viewable safe. In a home invasion anybody with a gun can get you to open your visible safe.
4. Think outside the box: places in your house nobody would throw out or care to look through are the best places to hide your physical possession metals (see below list).
5. DON'T TELL PEOPLE you have physical possession of metals. ONLY your spouse or the executor of your will that you trust with your life needs to know what and where it is. A sealed envelope marked open only in the event of my death or permanent incapacity with details of your metals holdings is one idea to consider.
6. Keep in mind that gold and silver are not just money, they are invisible, and untraceable money - especially when you take delivery via a post office box or any address that is not your home address. No government authority or IRS can see your metals holdings or tax them at your death unless somebody discloses you have them.
7. Precious metals are tax deductible for any business to buy as a self-insurance asset against the risk their insurance company will fail and be unable to pay their business insurance claims. THIS IS A HUGE ADVANTAGE for all business owners who want to have invisible money only they can access.
8. The federal government has outlawed the possession of precious metals before in the 1930's depression and may do so again UNLESS YOU DECLARE in writing by a note with your metals that they are a numismatic collection and or business reserves against un-payable insurance or dollar collapse risks.
9. All precious metals are 100% liquid, with no tax reporting via eBay and usually the agent or firm you bought them from in hours. Try that with a bank CD.
10. Gold is money and it has been for 5000 years. 2500 years ago 1 oz of gold bought 350 loaves of bread, is still does today.
The first model T ford was $800 or 40 oz of gold. You can still buy a new car for 40 oz of gold. Over the decades, short term gyrations aside, gold holds its value because it's the money God invented. Paper money ALWAYS fails because it's over printed by criminal politicians and private banksters.
The most important key to storing "metallica" at home is to diversify. DO NOT PUT IT ALL IN ONE HIDING PLACE. Use 2, 5, 10 decoy spots if you have a large amount of Metallica.
Now the list of the best home metals storage ideas I have ever heard of:
In the bottom of cat food bags in your basement.
Inside your bathroom supplies.
Buried under your private garden or compost pile.
In your fridge packed in meat wrapping paper marked "cow brains".
In jars of your mothers put up pasta sauce.
At the bottom of laundry hampers or diaper pails.
In your long term storage bins of Christmas decorations.
Inside plastic totes in wrapped gifts marked do not open until Christmas.
Under your TV console.
Inside the toes of old pairs of shoes or ice slates.
1 oz flat gold bars duck taped to the back of cheap hanging art.
In plastic bags in the bottom of an outside compost bin.
Duck taped to the bottom of a desk.
At the bottom of flour canisters.
Inside fake books.
Inside your family bible.
Inside your old tax returns.
In mason jars of colored black water or pasta sauce.
In the base of a lamp.
Inside an old copy machine.
Inside mason jars of put up garden produce or sauces.
Inside cleaning products containers.
Inside the bottom of cans of pipe tobacco.
Under the mattress of a babies crib.
Inside empty paint cans on your workbench.
In the bottom of a or fishing tackle box.
In the veggie drawer of your fridge.
The key is to think outside the box, use things nobody would accidentally toss as worthless and have some record of where your stuff is that is off site or in a fireproof box.