Storing gold

Discussion in 'Trading' started by yabz, Aug 14, 2025 at 11:03 PM.

  1. yabz

    yabz

    For a number of reasons I am becoming a bit concerned about the safety of banks and other financial institutions.

    What is the best way to store physical gold? A bank vault? A safe at home? Hidden some where in the house?
     
  2. mervyn

    mervyn

    bank’s vault
     
  3. I worry about the safety of banks...

    I am going to save gold in a bank vault....
     
  4. wxytrader

    wxytrader

    Ever heard of something called BITCOIN? Back in 2018 both gold and Bitcoin were the same price... Now Bitcoin is over 100k. How much is gold?
     
  5. newwurldmn

    newwurldmn

  6. yabz

    yabz

    Its a valid point but storing a significant amount of money in my house makes me a bit jumpy.
     
  7. Under the mattress, old and reliable trick
     
  8. MarkBrown

    MarkBrown

    jewelry or cash vaults - buy them used - always get a TL-30x6 <specification

    diebold, tann, ism, allied gary

    the bigger and heaver 4k + the better and set them on hockey pucks wireless motion detector inside them with gps device.

    forgot hamilton and chubb is a good used brand
     
    Last edited: Aug 15, 2025 at 7:55 AM
    yabz likes this.
  9. maxinger

    maxinger

    DBS Bank Branch Closure in 2004
    In Hong Kong, DBS bank mistakenly sent 83 safety deposit boxes to a scrapyard, reportedly due to human error and inadequate procedures

    _____________________________


    You can buy a safe. Definitely the thief will attempt to open it,
    or steal the heavy safe.

    Alternatively, hack the concrete wall or floor.
    Then Conceal the gold bars in it.

    If you are concern about the thief using metal detector, then
    make a very thick basement structure and bury the gold bar in it.
    But then you might forget about it during your lifetime due to dementia or whatever.

    Or after death, no one knows about the hidden gold.


    Alternatively, watch those movies about treasure hunting.
    Then you can hide your gold bar in don't-know-where with deadly traps here and there.


    Or you can simply donate your gold bars to the poor.
    It kills 2 birds with one stone;
    no worry for you, and the poor will be forever grateful to you.