I think I know who might've done it...
Posted on 02/23/2011 5:21:57 PM PST by dennisw
A man who decided to store his precious metals in a vault at his home in Chilliwack, Canada, was robbed of US$750,000 worth of silver bars in broad daylight. This case, which was first published about two weeks ago, shows that storing large amounts of precious metals at home is a very risky undertaking.
The 52-year-old victim is still traumatized after burglars intruded into his house where he had stored his life savings in silver bars. Based on the current silver price at the New York Comex, the silver was valued at about US$750,000.
Two burglars entered the house and attacked the man with a knife before tying him up. One of the thieves also carried a gun. The intruders were dressed in fake police uniforms and told the victim that they were investigating a crime and needed to ask him some questions. Once inside the house, they attacked the man and forced him to provide the combination for his vault. They then headed directly for the vault, which contained several thousand ounces of silver. After they had emptied the vault of the silver bars, the two robbers disappeared without a trace.
The victim is now wondering who could have provided the intruders with hints about the silver bars stored at his house. Friends, neighbours and relatives are the main suspects. Someone might have mentioned something to the wrong people, thereby letting the burglars find out about the silver bars, or they might have been informed by a third party.
The culprits are expected to try selling the metal to various precious metals traders. The victim did not say how much he paid for his silver stocks. Within one year the silver price has almost doubled from US$17 to US$33. A bank had refused to arrange for the storage of the silver for practical reasons, since it did not have enough space to store several thousand ounces. Moreover, the silver was not insured because the insurance cover had been too expensive.
This incident clearly demonstrates the importance of secure and insured precious metals storage to efficiently protect your precious metals from risks such as theft.
D’oh!
“No silver buried here”...
I think I know who might've done it...
$5 says the guy is Chinese, and left with a boatload of cash. My Real Estate agent tells the story where the Chinese mother bought five REALLY fancy homes all in the same neighborhood for herself and extended family. She showed up at his office with a large suitcase to go to the closing. He joked “Oh - are you going to move in right away?”
She said “No. It’s the money for the houses”. He called the other agents and said he would be delayed a bit as they had to run down to the bank. (Converted the million+ cash to cashier’s checks!)
if he had good home insurance he will be covered for the loss.
Seems like he probably has a big mouth, too. If you’re gonna do something like that, don’t talk about it.
Probably the same people who installed the vault and sold him the silver.
Not unless it was declared.
This story was posted before and from what I’ve read, banks will not store silver in this amount. It’s far too bulky. So this person had no choice on where to ‘store’ it.
Apply 2 coats Benjamin Moore exterior latex, flat, midnight black. Dig a good hole in the basement. Tell nobody.
Soot. Shovel. Shut up.
It also demonstrates the importance of owning a gun.
You’d think with $750K laying around he could have afforded a couple Shepherds, Dobermans or Rottweilers.
No Tiger Tank required this time.
No Tiger Tank required this time.
No Tiger Tank required this time.
ML/NJ
Or sold the information to someone else.
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