Posted on 08/25/2011 1:17:45 PM PDT by SeekAndFind
If I owned gold, I wouldn’t store it at a bank. The point would be to have something in a crisis, and the last place I want to go in a crisis is to a bank where the bad guys know the money is.
Didn’t FDR order that saftey deposits be raided for gold?
Some folks have forgotten that the U.S. once confiscated all gold... and could easily do it again with someone like Obama in the White House.
Never put all your eggs in one basket. Anyone keeping all of their money in US dollars is a fool. Also, you can keep some gold here, just make sure it’s well buried, off your property and you can gt to it easily. If the SHTF I am going to assume the government is going to come after gold. Plan ahead.
I guess I’ll be sending out a few of my teeth out of the country in the near future. Better yet, why not reserve a place underneath a freeway bridge before it fills up.
Lead is much cheaper......
Hide your gold AND silver to prevent the government from taking it again.
No, he didn’t.
I would pose the question to Mr. Faber, though; how is someone supposed to retrieve their gold from a safe deposit box at a bank in Singapore during an economic emergency? Does he suppose one would just hop on a plane half way around the world, retreive their asset, and then jet back to the US and carry their gold back through Customs?
And what good would it do if it were sitting in a Swiss safe deposit box? How would one exchange it for anything?
At some point food will be worth more than a boat load of gold no matter where you are storing it!
True, and if I’m not mistaken the contents of a safety deposit box cannot be insured.
So one might go to this unnamed exotic foreign country to retrieve their possibles and find the box empty.
The best place to store gold is in a hidden bunker in your backyard, and tell no one except your immediate family where it is.
YOU CAN ALL KEEP IT AT MY HOUSE~!
(I wont tell anyone)
I was wondering the same thing.
The contents of safety deposit boxes in the US are not insured by the FDIC. One can purchase an insurance policy on a valuable stored there privately though.
L
And to show the levels of desperation in the present government, it is why they are pushing for horder laws. They know once they steal all the gold the only value left is food, and they are setting themselves up to steal all that too!
Of course, if you have foreign assets, and don’t check the box on your annual 1040, you are subjecting yourself to lawsuits and added taxes!
That’s why I just plan to eat all of mine and live off the fat! ;)
I stand corrected.
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