Or Maybe, How NOT To Hide Gold & Silver At Home
Mike Maloney of GoldSilver.com has done an excellent job educating people about the dangers of fiat currency, the difference between currency and money, and how to protect your wealth with Gold and Silver.
In a recent article, though, Mr. Maloney gives advice on how to hide Gold and Silver at home. Hopefully, I am sure, Gold and Silver you bought from his company!
Some of the advice seems like it could be good, other quite questionable. And, naturally there is one comment on the article (at the site) telling Mike to keep his mouth shut so that would be burglars would not get ideas!
Where To Hide Gold And Silver At Home (And Where NOT To)
We are just going to go down the list of ideas from the article mentioned above and tell you whether or not we feel we agree with Mr. Maloney that the particular place is a good one or not.
Mr. Maloney feels the freezer might be a good place to store Gold and Silver. There is one in every house, though only a big deep freeze would have room for any large dollar value of Silver, and thiefs seldom look there.
Well, I have no statistics on where burglars look for Gold & Silver stored at home, but with all of the movies showing cash stored in the freezer, it would certainly be someplace I would check.
Additional Problems: Hide the Gold in a package of meat, the thief will never find (would have to thaw first). But what if the power goes out and someone, maybe even you under the duress of the time, decides to throw all the “spoiled” food out of the freezer?
BuyAndStoreGold Vote: Thumbs down on the freezer
Fake rocks in the landscape, with an image of a monster box under one of them, is surely a possibility, but I will never use it. Rocks that size are pretty expensive ($75 and up to $400), yet easily spotted.
A landscaper or someone looking for an irrigation shutoff could innocently stumble across it. Smaller fake rocks – maybe, but again, something like this could be accidentally hauled off.
If you have deer in your landscape like so many people from Minnesota to Texas, you know that deer can really tear things up and knock them around too, potentially exposing your stash.
BuyAndStoreGold vote: Thumbs down on fake rocks
Mike may be onto something here, if you stick with the large, expensive, heavy pots and create a compartment in them with a “solid” bottom and soil on top. Be sure and waterproof your Gold and Silver stored here as he suggests and make sure there is a path for the water to exit WITHOUT sitting in your stash compartment.
BuyAndStoreGold vote: Thumbs sideways – this is a project
Hiding Gold and Silver at home in “fake” plumbing is an idea we personally looked into a long time ago. If you have a basement or accessible attic, no one would ever find it. Think they’ll have a metal detector? Use iron or copper pipes and not just PVC. Add more than one fake pipe and have some of them be empty.
Problems: Burglars will never find your precious metals. Neither will your heirs, and maybe not you. There are myriad places to hide valuables in a home with an attic or basement. We personally, though, almost left some Silver in a house when we moved. You have so much going through your mind it’s frightening what you do not think of until an hour after you have turned over the keys to the new owner. Read below Mikes (and ours) recommendation to leave a treasure map for heirs.
BuyAndStoreGold vote: Thumbs sideways – been there, done that, will never do again
Ok, here is another one that is creative. As Mike points out, a common living area is probably not the first place a burglar would look. On the other hand, unless you are building the home new and have a tradesman (trusted) to work with you, creating a secret compartment in the brick or hearth of a fireplace is not a trivial project.
A built-in cabinet or drawer with a false bottom or back is probably the most likely way of getting this done unless your fireplace is so old and/or rustic that you can use the old “loose brick” trick.
BuyAndStoreGold vote: Thumbs sideways – this is another potentially major project
Pet Beds And Litter Boxes
Hiding Gold or Silver at home in a pet bed or litter box falls into the “ewww” category. Like hiding something in your septic system. A custom pet bed platform might work, again, a project. Putting it in the litter box requires an out of the ordinary box and definitely needs to be sealed from the pet “stuff”.
Problem: Someone with a big ewww factor themselves tosses the whole thing in the fire or trash when you are not around; perhaps after a major pet “accident”.
BuyAndStoreGold vote: Thumbs sideways – too much risk for us
Hollowed Out Logs
While we do not disagree that a burglar would never find your stash of Gold or Silver stored at home in a hollowed out log in a large stack of firewood, a firewood thief might!
Further, maybe someone “helps” you get wood for a bonfire or the fireplace in the house and your “special” log gets thrown in? No, the fire won’t DESTROY Gold or Silver, but it will definitely devalue your Eagles.
BuyAndStoreGold vote: Thumbs down, too much chance of the log getting burned or tossed out after all the other wood it’s stored with rots.
Sierra Foxlok Hidden Safe
Now we come to a midnight gardening idea that we do recommend, as long as you somehow document its location for yourself and heirs you want to leave it to: the Sierra Foxlok hidden safe (pictured above).
The Foxlok is a safe you can bury, is fully waterproof and can be buried or stored wherever you can hide it. I have a relative with a storage barn where you could easily hide a Foxlok in plain sight and no one would think twice (probably in Silver color, not Red!)
Does the Foxlok HAVE to be buried? No, you could put it in an attic covered with blown insulation if you want, though it would not then protect against fire or tornado!
And, if you forget to dig it up when you move, at least you could retrieve it at a later date (be quiet) at night without breaking into the house 😉
BuyAndStoreGold vote: Thumbs up, see our full review and coupon code
Whatever you do when it comes to hiding Gold and Silver at home is leave a way for heirs or yourself after Alzheimer’s (or a “senior moment”) kicks in and you have no recollection of where you stored your precious metals.
Or maybe don’t remember even HAVING precious metals!
Naturally, though, you need to then make sure this map does not fall into the wrong hands!