The bank would have to insure the contents of the box correct??? How in the heck could you prove to the bank how much gold you had in the box??? Perhaps this is why the bank will not let storage of gold be the responsibility of the bank!!!
That’a a good point.
“The bank would have to insure the contents of the box correct???”
How could they possibly insure anything as the have no idea what is in the box?
Banks do not insure contents of safe deposit boxes. They have some liability in the case of negligence (They leave the vault open over a 4 day weekend, say) but I doubt it’s ever been tested in court. “Here’s $500 and a new toaster. Go away.”