Posted on 09/09/2013 9:59:13 AM PDT by Chickensoup
They tell you not to store gold or currency because that cannot be covered in case of loss. In their eyes, your $10k in cash is safer deposited (because of FDIC coverage.)
I don’t agree with them—and if you wish to hold cash or pm’s, why would you leave them in a bank?
Will this also mean gold coins used as an investment vehicle?
It’s also a good idea to keep a handgun in the box in the event you’re forced to open it by someone other than the bank.
Sounds very similar to being on double-secret probation.
I found out about that last year. Every one is treated like the lowest common denominator
That’s an old, old regulation. It has to do with a money market savings account being a timed deposit rather than a demand deposit. Both go onto the calculation of reserves.
Nothing at all to do with post 9/11 laws. That goes back at least 20 years.
Switch banks. I bet yours plans on imaging each box via x-rays or something ...
Seems to me that such things should be listed on a homeowner’s or equivalent policy if you wanted the risk of loss to be covered. The insurance company might deem them safer if kept in a bank’s safe deposit box facility.
It always was less expensive to leave them at the banks and call for coverage when they are being used.
Which Bank?
Drug dealers. Money in a safe deposit box is a good way to store money safely without the paper trail since it’s not actually going in the bank. Most of the wildly annoying rules in the world are the result of the WOD.
Just buy a safe (and pay cash for it so you don’t leave an electronic trail!) that the gubmint can’t control and store your cash and etc. in there instead. Far safer than trusting a bank that’ll hand over all of your retirement to the government if asked.
On that latter thing just look up what governments in Europe are doing to people’s saving accounts and you’ll see what I mean.
That said, they want you to put your savings in bank accounts where the savings can be monitored and seized at will. Cash that’s sitting in a hidey-hole upsets those bastards in the government who want to be able to seize it at will.
Go to Staples or a similar store and buy a fire-proof locking safe box. We’ve had one for years, and move it from time to time within the house (it’s portable, has a handle). We have not had a safe deposit box in a bank in over 30 years. Best wishes.
I was in a bank and saw that all of the safety deposit boxes were open and being opened. I asked someone i knew there what was going on. They said the boxes were being audited. They walked away from me quickly and i could not find out anything since. But other people said that it happened in other banks too. This was a short time after the present crew moved into the white hut. That is all I know
Meant to say that it was wachovia bank (which is now wellsfargo)
“Lessee further agrees not toe store any property that is inherently dangerous, malodorous, or destructive in nature”
I thought there would be rules outlawing the carrying of firearms into banks much like they do in hospitals.
” Lessee acknowledges that the safe deposit box is not intended to store, by way of example without limitation, such things as domestic or foreign currency, whether paper, coin or other form. “
A CYA from the bank, see the 1930’s Gold confiscation as the reason why they are saying this, it is either a CYA or a indirect warning of things to come or both...
Here’s another reason to not trust safe deposit boxes. This happened in my area - a woman went to her safe deposit box and it contained someone else’s items. Hers were never recovered:
http://abclocal.go.com/kgo/story?section=news/7_on_your_side&id=8973198
Hmmm...our banker told us it was because of the “war on drugs,” going back to the 1980s.
That’s an old, old regulation. It has to do with a money market savings account being a timed deposit rather than a demand deposit. Both go onto the calculation of reserves.
Nothing at all to do with post 9/11 laws. That goes back at least 20 years.
More regulation and infringement on freedom brought to you by the “War on Drugs”...
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