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Private Safe Deposit/Vault Companies

Anybody here use one? Here are a few examples:

BlueVault

US Privacy Vaults

Los Altos
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Comments

  • rickoricko Posts: 98,724 ✭✭✭✭✭
    No, my home and personal safe work fine. Prime security here. Cheers, RickO
  • TookybanditTookybandit Posts: 3,414 ✭✭✭✭
    No ID, no Social, etc ...image

    What if the computers go down one day and the biometric eye scanner does not recognize my eyeballs? How do I get my stuff back???
  • PerryHallPerryHall Posts: 46,817 ✭✭✭✭✭


    << <i>No, my home and personal safe work fine. Prime security here. Cheers, RickO >>



    Insured by Kimber or Colt?image

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • BryceMBryceM Posts: 11,853 ✭✭✭✭✭
    I guess if you live near one, these would be OK. I'd never be comfortable trusting my coins to someone at a "secure, remote location." Out here in the sticks, we make do with the SDB at the local bank.
  • yellowkidyellowkid Posts: 5,486
    What's wrong with a SDB at the local bank?


  • << <i>What's wrong with a SDB at the local bank? >>



    Greece + Link image
    image
  • UNLVinoUNLVino Posts: 416
    What do you do when this happens?



    Just sayin. imageLink fixed?


  • << <i>What do you do when this happens?



    Just sayin. imageLink fixed? >>



    Yes! A major concern!! And probably an inside job.

    I think the safer ones are the companies that provide other services like records management and backup data storage.
    image
  • mrpotatoheaddmrpotatoheadd Posts: 7,576 ✭✭✭


    << <i>What do you do when this happens? >>

    Don't know. What do you do when this happens?

    Just sayin... image
  • pennyanniepennyannie Posts: 3,929 ✭✭✭


    << <i>

    << <i>No, my home and personal safe work fine. Prime security here. Cheers, RickO >>



    Insured by Kimber or Colt?image >>



    Both plus many more for back up.
    Mark
    NGC registry V-Nickel proof #6!!!!
    working on proof shield nickels # 8 with a bullet!!!!

    RIP "BEAR"
  • lkeigwinlkeigwin Posts: 16,893 ✭✭✭✭✭


    << <i>Anybody here use one? Here are a few examples:

    BlueVault

    US Privacy Vaults

    Los Altos >>


    I use the one in Los Altos. Very well designed. No electronic records. Computers are taboo. Drive up and electronic gates close around your car so you can safely move your goods to the vault.

    Inside is climate controlled. No fire sprinklers were required. Six feet of cement surrounds the vault. Not cheap but it doesn't get any better.
    Lance.


  • << <i>

    << <i>Anybody here use one? Here are a few examples:

    BlueVault

    US Privacy Vaults

    Los Altos >>


    I use the one in Los Altos. Very well designed. No electronic records. Computers are taboo. Drive up and electronic gates close around your car so you can safely move your goods to the vault.

    Inside is climate controlled. No fire sprinklers were required. Six feet of cement surrounds the vault. Not cheap but it doesn't get any better.
    Lance. >>



    Thanks Lance. Few questions:

    - How do they verify your identity?
    - What is security like? Do they have armed guards?
    - Do you know how many employees they have? I've done some research and noticed that some of these companies are owned/run by just one or two people. I'd be afraid of what would happen if one or two of the "owners" died or decided two take the goods and fly to South America.

    One of the things I liked about the US Privacy Vaults pitch is that they use ADT for security. And Diebold is used by BlueVault, but it looks like both of these companies are run by two individuals.

    Thanks for your help!
    image
  • TrimeTrime Posts: 1,863 ✭✭✭
    Never used such a facility and prefer my temperature controlled SD boxes in a local bank Vault where all coins are kept. Security at my bank seems adequate. There is a private viewing room in the inner sanctums which is never occupied by others when I have been there. My costs are a fraction of those listed in the attached private facilities.. I suppose the main reason for a private facility over a registered bank deals with tax and death issues.
    Trime
  • LakesammmanLakesammman Posts: 17,455 ✭✭✭✭✭
    There is no such thing as complete security - just do the best you can and buy insurance. Think of the safety of SDB's at the World Trade Center......
    "My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose, Cardinal.
  • BAJJERFANBAJJERFAN Posts: 31,270 ✭✭✭✭✭
    I suspect that it wouldn't be too hard for someone to watch who goes into and comes out of those places and either get personal info from license plate numbers or follow you to and from home or whatnot.
    theknowitalltroll;
  • PerryHallPerryHall Posts: 46,817 ✭✭✭✭✭


    << <i>I suspect that it wouldn't be too hard for someone to watch who goes into and comes out of those places and either get personal info from license plate numbers or follow you to and from home or whatnot. >>



    Couldn't they do that with a bank SDB?

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • guitarwesguitarwes Posts: 9,290 ✭✭✭
    Some things I find funny about the Los Altos depository per their website:

    24/7 access (off hours by appointment).

    Hours of Operation
    Monday-Friday 8am-5:30pm
    Saturday 8am-1pm
    Closed Sundays and Holidays.
    After hours access by appointment.


    What if I want my stuff and don't really know I want it until I want it? Sorry Charlie....

    Our facility is built like Fort Knox, presenting almost impossible obstacles to a thief.

    Almost? That's reassuring.

    ..and protection from any unauthorized access — and authorization can come only from you, or a court order.

    If big brother wants into your stuff, he's gonna get into it.
    @ Elite CNC Routing & Woodworks on Facebook. Check out my work.
    Too many positive BST transactions with too many members to list.
  • lcoopielcoopie Posts: 8,873 ✭✭✭✭✭
    it seems very expensive
    LCoopie = Les
  • lkeigwinlkeigwin Posts: 16,893 ✭✭✭✭✭


    << <i>If big brother wants into your stuff, he's gonna get into it. >>


    True, but it would have to be known that you had stuff there. And that is information is not available.



    << <i>What if I want my stuff and don't really know I want it until I want it? Sorry Charlie.... >>


    Like a bank, it has normal hours of operation. You don't need an appointment for access. Just drop by. If you have a special, urgent need for off-hours access it can be arranged.



    << <i>- How do they verify your identity?
    - What is security like? Do they have armed guards?
    - Do you know how many employees they have? I've done some research and noticed that some of these companies are owned/run by just one or two people. I'd be afraid of what would happen if one or two of the "owners" died or decided two take the goods and fly to South America. >>



    - Your personal information, along with a polaroid photo, is stored in a paper folder. Each visit is recorded on paper and you must sign-in and match your signature.
    - No armed guards. The vault is locked like a bank's vault. If thugs somehow forced there way inside the vault they would have to drill the SDB's as the facility does not have the keys to open individual boxes.
    - It is privately owned and managed. I believe there are few employees. Some people feel this is more, not less secure.

    From what I can tell this vault has a strong business. Neighboring Los Altos Hills, is one of the wealthiest towns in America. Also a stone's throw is Palo Alto, Woodside, Saratoga, Monte Sereno...Silicon Valley's richest cities. Clearly the very wealthy are attracted to the security and anonymity.
    Lance.

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