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You are here: Home / Home Safe / If You Store Gold In A Safe At Home, Could This Happen To You?

February 24, 2012 By Roger Bond

If You Store Gold In A Safe At Home, Could This Happen To You?

safe-that-has-been-broken-into-containing-gold-bullion
In a Robbery, The Gold Will Be Gone – Maybe You Too!

Home Gold Safe Robbery Turns Deadly

Buying gold and storing gold in a home safe is not something we recommend against. However, there are dangers involved.

I just read this morning about a very unfortunate gold robbery/murder (sorry, theAdvocate.com took down the story) in Louisiana. An elderly father and middle aged son had their throats slashed resulting in death. The older man’s wife suffered the same treatment but as of now survived.

A home safe with a gold coin collection valued at $500,000 was taken.

Police later found the damaged safe, open and empty.

This is horribly tragic and our hearts and prayers go out to the elder woman and the younger man’s wife and family.

Questions arise:

  • Did they refuse to open the safe for the robbers?
  • If they had, would they still have been harmed?
  • How did the thieves know of the safe and golden contents? (other valuables in the home were left untouched)

Any time you store anything valuable in your home, such as gold and silver, keep your mouth SHUT about it!

This is one reason we like the Little Titan SnapSafe, you don’t need 3 or 4 big brutes, who could be little more than low paid day labor, to deliver it to your home.

Heavy Duty, Bolted Down, Home Gold Safe

The reason you want a heavy duty burglary safe would be, well, the difference between burglary and robbery. A burglary is where no one is home, and you want the burglars to be DELAYED as much as possible. What they want is a quick, easy in and out. A heavy, bolted down burglary safe prevents that.

A robbery, on the other hand, makes little difference the quality of the safe. They will likely hold a gun or knife to a LOVED ONE and tell you to open the safe. After that, they may or may not harm you. This is where it can be handy to have a decoy safe with SOME valuables in it that you can open for them and hope they leave. The REAL safe they hopefully would not find or know about.

In fact, one POTENTIAL thought is to have a gun strategically placed – not INSIDE the safe – but somewhere close by such that you can open the safe and then, in a very non-threatening manner, back out of the way of the safe and grab the gun while the thieves are hopefully distracted by their new good fortune of an open safe before them.

Get advice from your attorney about whether at that point you hold them for police or shoot them dead on the spot; I know what I would do. (I am told that you should avoid reloading and continuing to fire, though)

Storing Gold Somewhere Besides Your Home

The potential for a grisly robbery like the one above is just one reason we like storing wealth in the form of gold and silver offshore in a secure vault that someone else guards; like BullionVault or GoldMoney.

Not only do we get the best prices on buying and selling gold and silver, but we do not have to worry about being robbed going into or coming out of the coin shop, nor do we sit at home on top of our home gold safe with a shotgun on our lap.

Related Article: Why Would You Give Away A Locked Home Safe, Contents Unkown?

Filed Under: Home Safe Tagged With: Gold Robbery

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Weights & Measures

Precious Metals Use TROY Ounces

1 oz = 31.1034768 g
1 g = .0321507466 oz
1 kg = 32.1507466 oz
1 t = 32,150.74656863 oz

g = gram
oz = ounce
kg = kilogram
t = metric ton

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