I’ve got a safe deposit box. I don’t know you, but I’m guessing that YOU have a safe deposit box too! At least, if you’ve got any brains in your head you do! In this day and age, with identity theft such a growth industry, it’s more important than ever to keep all your important documents in a safe deposit box.
Your other alternative is to have physical possession of your gold, not in a Safe deposit box for sale. You can bury it in the backyard or hide it in your sock drawer and just wait out the prohibition on gold ownership. The last time they did it, it lasted 40 years.
Wall safes can also be a good choice and (depending on the size) can be covered with a large picture or other type of decor. They can be manufactured to be extremely secure and may use advanced technology such as fingerprint scanning to ensure that only select people can open the safe.
In the end, it may appear that this crisis is one of high unemployment and very low growth for the foreseeable future. These things are not good for gold. It may actually turn into a drop to $800 an ounce. But there is an upward price trend for gold that is based on solid fundamentals. Gold investors didn’t make any complaints. More than that, since the Greek crisis started, there is a massive increase of physical demand in gold. On a medium and long term, the yellow metal remains a safe-haven.
Don’t make the mistake of assuming that securing the safe to a solid table or steel chair will provide protection. An experienced thief will simply take the chair and safe or use professional tools to cut through any chains.
And that’s not to mention valuable physical items as well such as jewelry and coins and things of this nature that you may not want to keep laying around in your house.
Traveling overseas requires extra attention to security. You should “sterilize” your luggage by removing all logos, stickers and claim checks that will identify you as an American. Limit your exposure time in airports by arriving with just enough time to check your bags and get through the metal detectors about ten minutes before boarding the plane. When traveling in any foreign country, maintain a low profile. Avoid large crowds and groups of tourists as they are considered easy targets by terrorists. Try to observe local customs with regard to dress, behavior, etc., and be a polite, considerate guest.