As the world
falls further into economic crisis and political instability, precious
metals accumulation among the general public has seen an unprecedented
rise. Hoards that include precious metals, guns, and other physical
assets are growing across America, as those with a feeling of unease
about the governments ability to mitigate the problems facing
our nation look to secure some of their wealth in non-paper holdings
before the bottom falls out of our financial system.
with the system in general extends not to just financial markets
or the Federal Reserve, but the very banks that are supposed to
be responsible for holding our wealth securely. The prospect of
cascading bank failures and Great Depression style runs, openly
discussed in recent comments by Fed Chairman Ben Bernanke himself,
is motivating more and more people to take their personal wealth
preparedness plans to the next level.
At one time,
securing your assets at your local bank branch seemed like a good
idea. But we can no longer consider traditional safe deposit boxes
as safe. This has has been demonstrated recently in England with
seizure or thousands of supposedly secure boxes, as well as
California, where local governments have already seized assets of
box holders under the pretense of unclaimed property (even though
it is perfectly clear who the owners are in many cases):
thieves, failing banks and government safe deposit box seizure arent
the only concerns. Americans are also increasingly concerned by
the possibility of a repeat of FDRs gold confiscation initiative,
and in many cases, gun
confiscation as we saw during the Hurricane Katrina debacle.
The point is, that in the very middle of a crisis where you may
need your precious metals, guns or other tools the most,
is exactly when government may move to remove those from your possession.
With that in
mind, what should a precious metals investor (or anyone looking
to keep important assets out of sight) do? According
to Ben Steverman, you might want to seriously consider the oldest
trick in the book:
looking for a safe place to put your investments, Chad Venzke
has a suggestion: Dig a hole in the ground four feet deep, pack
gold and silver in a piece of plastic PVC pipe, seal it, and bury
central Wisconsin resident trusts no one but himself to store
and protect his gold and silver not banks, not investment
funds, and certainly not the government. Its precisely because
of this suspicion of institutions that he invests in those metals
to begin with. In case of emergency, you always want to
have your precious metals within arms reach, he says.
bulkier assets underground, you may need to disassemble them and
include water-proofing to prevent damage. Items like guns, ammunition,
a radio, and even reserve emergency food rations could be considered
as essential shovel-and-hole gear for a crisis that may require
a bit more care than coinage.
of course, some dangers with this method, so be forewarned:
storing gold and silver in or around their home, the most immediate
danger isnt a crisis or a dip in metal prices. Its
theft. The FBI, which tallies the theft of precious metals and
jewelry in one category, says $1.6 billion was stolen in 2010,
up 51 percent from 2005. Just 4.2 percent of the lost loot was
recovered last year.
are a big worry. Basic detectors can find metal on the surface
or in the first 12 inches to 14 inches below ground, depending
on soil conditions
And of course,
youll want to keep mum about your new investments and how
theyre being stored, because loose lips will pose a threat
to not just your gold hoard, but your life as well. If thieves get
wind of your investments, they may show up not with a metal detector,
but armaments, putting your entire family at risk.
to the traditional method of digging a hole or a home safe, Bill
Rounds of How to Vanish
offers a couple of other home-hiding tips for precious metals or
In Plain Sight: Hiding in plain sight is a great way
to throw off anyone who might be looking for your valuable documents
or items. One of the most popular ways to hide valuables is using
a book safe. They are easy
and fun to make, says Rounds. He continues, maybe
you can convert a box of Corn Flakes into a safe and stick it
in your pantry, make a few hollow Christmas decorations and stuff
them full of your precious coins and a copy of your will and stick
them in the huge box with all of the other Christmas decorations.
You can really use your imagination on this one.
Wall Compartment: Most homes are built with wood framing
and drywall. This leaves a space about 15 inches wide and 4 inches
deep and a few feet high between between wall studs and drywall.
Poke a hole in the wall big enough to put your fire proof and
water proof container with your priceless artwork and gold nuggets
in between the walls. Rounds says this is a fairly easy
task to accomplish, Most people have the skills to follow
a simple do-it-yourself book on how to fix the hole in the drywall.
A patch kit, some plaster and paint will cost you very little.
Just remember that you cant take these things in and out
of the wall without breaking a new hole. A similar hidden
wall compartment method is demonstrated as a way to hide guns
and ammunition in James Rawles most recent book Survivors.
burglar recommends a couple of techniques that may come in handy
if you are stashing some of your wealth at home. Based on the idea
that a burglar wants to get in and out of your house as fast as
possible, the idea of leaving some cash, perhaps even some precious
metals coinage (not the expensive stuff, of course) in a hidden
but typical spot may work in your favor. In this case, you could
even utilize a dummy safe one that is secure
and even bolted down, but can be removed with a bit of work with
a crow bar or other tool. The burglar may find value in what youve
left for him and leave the really well hidden stuff
behind, thinking hes stolen everything there is.
Like Bill Rounds,
he also recommends the hidden in plain sight strategy, with a little
one recommendation for money was in toys in a young childs
room. As he explained, young children dont have money, they
have an abundance of toys and most parents dont trust a
child around money. Therefore, parents will rarely hide money
there. In addition, when money is hidden, it is usually hidden
away neatly and securely a childs room is rarely
a neat place making it an unlikely place for money to be hidden.
Plus with all the stuff in a childs room, it is not someplace
that a burglar can search quickly and get out.
Those who look
to precious metals as a safe haven will obviously shy away from
traditional storage methods. As such, youll need to take care
and be meticulous when hiding these and other assets in or around
your home. Nothing can be secured with 100% reliability, but if
you get creative you can certainly increase your chances.