Safe way to store your PM's

morgansforever

Anyone using this service from APMEX?
Anyone seen this facility in OK?
Does the Gov't have access to the ones storing their PM's there?

Citadel

derryb

My preference is a safe deposit box where it takes a key in my possession to get to it and I like the fact that no one at the credit union knows what is in the box. Problem with a company holding it is the assets of that company being frozen in bankruptcy or during a criminal investigation or worse yet, theft. If a bank fails at least the FDIC moves in and secures another bank to take over operations, usually over a weekend with no interruption in banking services. If during normal banking hours, I'm only 20 minutes away from resuming possession.

tydye

I keep mine in a SDB. I feel it is the safest method.

Justacommeman

I'd keep mine at Ricko's house if he let me. MJ

TheBigB

<< <i>My preference is a safe deposit box where it takes a key in my possession to get to it and I like the fact that no one at the credit union knows what is in the box. >>



My bank has extra levels of security as the teller's have trouble finding the bank key for my box, they merged the SDBs of several branches.

mariner67

Safe deposit box in local bank 2 minutes from my house.

nibanny

<< <i>Safe deposit box in local bank 2 minutes from my house. >>



Ditto.

gimli89

I still keep mine in a van down by the river

ricko

MJ, I will store your PM's anytime... What's one more mother lode in the citadel?? Cheers, RickO

jmski52

I still keep mine in a van down by the river

lol, I hadn't thought of that!

Spooly

10 feet deep, within rifle range.

Barndog

this morning, I was just trying to find some DVD cases in my desk and what did I find? If you guessed a 100 oz Engelhard bar, you would be right! I visited the bank today. The bar is now secure.

Justacommeman

<< <i>MJ, I will store your PM's anytime... What's one more mother lode in the citadel?? Cheers, RickO >>



TexasNationals is plan B



MJ

ricko

MJ... same plan B as I have... In fact, he may be the only one I know with better security... Cheers, RickO

PerryHall

<< <i>MJ, I will store your PM's anytime... What's one more mother lode in the citadel?? Cheers, RickO >>



I know that you are kidding but there is no way that I would want to be responsible for storing someone elses PM's.

KUCH

<< <i>

<< <i>MJ, I will store your PM's anytime... What's one more mother lode in the citadel?? Cheers, RickO >>



I know that you are kidding but there is no way that I would want to be responsible for storing someone elses PM's. >>



Oh come on now, The Fed, Central Bank, Government, they all store someone elses PM's, why not join that honest group. Ok, I've also got some futures in cattle, corn, wheat, would you be a storing house for those futures? Wait, wait, I'm going with M F Global cause they are so honest.

Cubby

My SDB is fine

Timbuk3

In my pocket, next to my .45 !!!

golfer72

Well I will add myself to the list of posters who did not answer the posters questions. He didnt ask if this was better or worse than an SDB. Read his original question. I have opinions on SDB's also but he didnt ask for that did he?

joefro

Buried in 6 ft of depth out in the local lake. Only I know the GPS coordinates.

tneig

I love Apmex. BUT NOT THAT MUCH! Or any other holding company.

Only having to read a bad story or two over the last couple months has convinced me against it.

derryb

<< <i>Well I will add myself to the list of posters who did not answer the posters questions. He didnt ask if this was better or worse than an SDB. Read his original question. I have opinions on SDB's also but he didnt ask for that did he? >>


For the OP:
No
No
Don't know

golfer72

<< <i>

<< <i>Well I will add myself to the list of posters who did not answer the posters questions. He didnt ask if this was better or worse than an SDB. Read his original question. I have opinions on SDB's also but he didnt ask for that did he? >>


For the OP:
No
No
Don't know >>

Thanks Derry!

ProofCollection

FYI, during the gold confiscation era I am told that the government had people stationed at banks that had to be there when you opened your SDB so they could take any gold that was in there.

Spooly

<< <i>FYI, during the gold confiscation era I am told that the government had people stationed at banks that had to be there when you opened your SDB so they could take any gold that was in there. >>




A SDB is pretty safe from everything except the government.

Most members:

I don't trust the Fed - Bernanke
I don't trust the Treasury - Geithner
I don't trust the Government - Obama

So I'm going to put my money in a Safe Deposit Box controlled by the FED, Treasury & Government.

Private storage is not controlled by banking regulations, but it does have a different set of risks.

ricko

If you are not in control of your assets, you are out of control. Cheers, RickO

Kd5ddo

I have not used their service, but it seems similar to bulliondirect.com and their portfolio service. I've had no issues with BDs, it's a decent way to slowly stack, not worry about sales tax, and take delivery when you want saving on shipping costs. It helps to lower the 'real' price you pay when it is all said and done.

As for govt access, BD is privately owned and held and is not a bank. I don't know where the laws come in on that one. Apmex I believe is structured the same, and yield the same benifits, but at a higher starting point and incremental buy values.

Just my 2c...

derryb

If paying someone else to store your physical why not just play the paper and make money with quick ins and outs. Low expenses and plenty of trading vehicles to choose from (ETFs). Trade at the push of the button with an online broker with no delivery, storage concerns. I do this and keep my physical in hand.

PM ETFs