Sunday, September 14, 2014

Another Horror Story Of Storing Gold At Home

by Roger Bond on February 1, 2013

Don’t Rely On Police To Get Your Gold Back

Vermont State Police say more than $200,000 in gold coins were stolen from a vacant home after its eccentric owner died in a farm accident last year.

[OK, this guy probably had no relatives?]

[Even if he had a good home safe, these guys had PLENTY of time to deal with that]

Authorities say four suspects also stole a vehicle, antiques and other items from the home in Alburgh in the months after its owner’s death.

[Where is the county estate settler?]

Thirty-five-year-old Ricky Benjamin and 52-year-old Mark Mumley, both of Alburgh, and 41-year-old Shawn Farrell, of Swanton, were arraigned and held on $75,000 bail. A fourth suspect was released after being issued a citation.

[Thankfully these idiots were caught]

Police said Thursday the defendants sold coins ranging in value from $350 to $1,800 to coin and jewelry dealers in another county. They allegedly claimed they’d inherited the coins.

[Well, they did, sort of. No one else showed up to claim the old man's goods]

Investigators say they’ve recovered $5,000 in coins so far. More arrests are expected

[I calculate that as 2.5% recovered so far]

Lessons For Storing Gold At Home

  • High quality home safe, just in case they don’t have MONTHS to steal it
  • Tell the person you want to have it when you die so THEY find it and no one else
  • Understand the risks when storing gold at home
  • Don’t expect the police to get your gold back

Perhaps think about Hard Assets Alliance to buy and store gold.

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