From Ballistic Prez $ "bricks" to Depository Companies.

roadrunner

As if the Ballistic Rolls of Presidential dollars wasn't enough....here comes an ex-Navy captain (I was in the USN as well) as head of a company called First State Depository Company, LLC.
By the way this ad came out of CoinWorld of all places. Most of you probably read it just because it seemed so odd in our hobby mag.

Just as financial advisors are starting to recommend reducing the number of layers between you and your money (or coins or gold), comes along a holding company who for a fee will safeguard your booty. Captain Kreiger's high USN intelligence clearance (probably Top Secret, SIOP, ESI+) somehow makes him a secure choice to guard your stuff. After all who more trustworthy than someone with a high DOD clearance? Hey, but maybe he is the best choice out there. Better than banks, better than your safe, etc. When the insurrection comes you'll be able to have them send off a few ounces of gold to keep the lights on.

If anyone feels such a service makes sense for their coins or precious metals please state your case. I don't get it.

roadrunner

19Lyds

Robert Hanssen had a really high Security Clearance to but that didn't safe guard the Nations Security.

RichieURich

Some doctor around here bought a bunch of gold about 20 years ago. For some reason, he let the buyer "hold the gold for him". A few years later, the guy holding the gold, and the gold itself, disappeared. I don't know whatever happened in this case, but somehow I don't think the doctor felt real good about the $20 a year he saved by not renting a safety deposit box.

Kareemofwheat