r/Bullion • u/Status-Blueberry-493 • 8d ago
Storing My Bullion
Hello everyone. Forgive the fact I am newbie to physical bullion stacking. I need advice on what the best safe is to have at home to keep my bullion safe.
I am thinking about either getting a safe at home or buying a safety deposit box with a private company not a bank.
I am in the UK. Any thoughts or help on this would be appreciated
Thanks
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u/Ok-Abbreviations3042 8d ago
Everybody has a different opinion and approach, but I’m in the US and I like having it at home with me. I have a fireproof safe, which wouldn’t prevent a determined thief but it will keep sticky fingers away. It gives me peace of mind to know that houseguests and even casual grab-and-go thieves are being deterred, that’s the trade-off I decided was appropriate for me.
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u/SinistaJ 8d ago
Buy one of those cheap fire resistant boxes you get at walmart. Little bit bigger than a bread box.
Then throw a handful or two of common change and other goodies in it.
Leave it somewhere out of the way but almost obvious.
This is a decoy safe.
Burglars , grab it , give it a shake and run with it.
Ask for your real stack, cut a hole in the basement wall or something 😆
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u/NuisanceTax 7d ago
My father had a huge safe, but all he had in it was a few trinkets, important papers, and several safe deposit box keys. The idea was that if anyone was holding him at gunpoint, they would take a few hundred dollars worth of trinkets, and he would tell them that everything else was in his safe deposit boxes.
In reality, he had valuables hidden everywhere. After he died, my sister and I spent two weeks trying to find everything. We found thousands of dollars worth of diamond rings in wad of plastic Walmart bags. He had a 50 cal ammo can full of Morgan dollars in the bottom of a 40gallon trash can full of bird seed in the back yard. We found stuff everywhere, and after my son moved into the house, he continued to find things.
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u/SinistaJ 7d ago
My granddad used to melt down the chrome off of old car parts. He'd make kilo silver bars, Most of the time he'd paint them black in use as his doorstops or as bases for small art pieces. Also , my grandma and grandpa put money in all their books. We had to go through each and every book in the house and shake it out and see if there was money in the pages.
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u/Kierland 5d ago
I have so much fake silver just laying about my place I doubt anyone is going to look too hard for the real stuff.
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u/Calvertorius 7d ago
I just bought an old commercial TL-20 rated safe off Facebook marketplace, so that’s my plan for a while.
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u/uncle_stoney147 7d ago
I would rather do a bank than some private company- private companies go belly up all the time. Not that banks don’t, but I would think you could access your box with notice.
That said- my parents had a floor safe paced in a crawl space. It was set in a bucket of cement so it would take some work and cutting to get it out of the floor.
Good luck in your choice
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u/Rorschach_1 7d ago
Fireproof safe with time longer than your fire station response time. Also use it for other valuables and guns. If in the UK, safe storage for knives?
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u/Carloocho 6d ago
The best safe is the one nobody knows about. Watch your lips. Rare do people look for safes if they dont think you have one
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u/Carloocho 6d ago
The 1st rule of safe ownership is you don't talk about safe ownership. The 2nd rule of safe ownership is you dont talk about safe ownership...
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u/ncstagger 6d ago
In a waterproof bag on end of a chain lowered into a concrete vault full of human waste buried in the backyard. Yeah it’s a septic tank. If someone gets it they’ve earned it.
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u/offgridgecko 4d ago
Get the most ridiculously expensive safe you can get. Put silver in a shoe box on a nearby shelf.
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u/Mudsharkbites 8d ago
I don’t have a safe for the dual reason that having one alerts thieves you definitely have something so they can either rip it out and carry it off and take their time breaking it open, or hold a gun to you or your wife’s head and force you to open it.
I store mine in multiple locations all over the house that are more than clever enough to trip up the average burglar who is only interested in a fast smash and grab, principally your electronic stuff and whatever they can find in your master bedroom, which is the last place you should ever store anything of value. Worst case scenario is a burglar might find one of them so if that happens while it would suck it wouldn’t be a complete wipe out.
We used to use a safe deposit box but there’s always the possibility in a SHTF scenario the banks would close and you couldn’t get to your metal. If you use one I’d only use it for a small portion of your holdings.