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To: villagerjoel

No, you shouldn’t keep gold coins, jewelry, or even cash in safety deposit boxes. Do a google search. There is some consensus that the gubmint at some point might order the banks to only allow certain things to be taken out of safe deposit boxes.

Basically they are only safe for keeping papers in, nothing more. Whaddya gonna do if there is a run on banks and the gubmint closes all banks? You won’t be able to get to any of your valuables when you might want them the most, even if they would let you take your stuff out.

Safe deposit boxes put you at the mercy of the gubmint. Caveat Emptor.


26 posted on 11/30/2009 1:26:00 PM PST by webschooner
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To: webschooner

My comment was a joke, but I appreciate the words of wisdom.

Given that you’ve put thought into this, any advice on safe deposit boxes?


29 posted on 11/30/2009 2:22:51 PM PST by villagerjoel (1. Implement socialist policies 2. ??? 3. Heaven on earth)
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