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Bullion & Privacy

cinque1543cinque1543 Posts: 46
edited November 21, 2024 12:59PM in Precious Metals

There are many online sellers of bullion, such as Kitco, JM Bullion and Bullion Express. If hackers steal data from these firms, the bad guys will have the names and address of individuals who own bullion. To mitigate this risk, do individuals take any steps during the buying process to maintain their privacy?

I guess the same question applies to individuals who purchase expensive coins from online shops.

Comments

  • derrybderryb Posts: 36,945 ✭✭✭✭✭

    Send it to my address.

    I take no steps during the buying process to maintain my privacy. Not aware of any possible steps. Please enlighten us.

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • jmski52jmski52 Posts: 22,899 ✭✭✭✭✭

    I've not heard of any such instances but it's a question worth considering. Yes, I'd also be interested to know of effective measures to mitigate this risk.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • rte592rte592 Posts: 1,690 ✭✭✭✭✭

    No steps taken. We All know there is no money to be made selling PM's.
    The IRS isn't interested in the money you lose.

  • tincuptincup Posts: 5,187 ✭✭✭✭✭

    Not a whole lot you can do. Just going to a coin show is risky in that you can be followed home by someone who may have observed your activities.

    One thing you can do at home is be careful how you discard any advertisements, publications, receipts, etc. into trash that may have your name and address on them.

    ----- kj
  • psuman08psuman08 Posts: 331 ✭✭✭✭

    They would know the names of folks that bought or sold PMs / coins. They don't know if you still own them or where they are. A lot of "What ifs" here. To me, you are overthinking this. Get a safe deposit box if you don't want to store them at home.

  • derrybderryb Posts: 36,945 ✭✭✭✭✭

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,364 ✭✭✭✭✭

    It’s risk on as soon as I dial a number or click a link.

  • TypekatTypekat Posts: 416 ✭✭✭✭

    I use a post office box for all such shipments. Nobody gets my home address, which is not even where I store the stuff.

    30+ years coin shop experience (ret.) Coins, bullion, currency, scrap & interesting folks. Loved every minute!

  • MsMorrisineMsMorrisine Posts: 33,240 ✭✭✭✭✭

    Use a po box with approved "competitive street addressing" the usps site maintains a list

    get one halfway between work and home

    do not use mailbox stores

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
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