22 votes

Storing your Silver Safely

Buying silver is something that a lot of people that read this site do so I figured it was about time for a post full of tips, ideas, and advice on how to store your precious metals.

Silver is a hedge against instability but like any physical hedge it could be stolen by thieves, confiscated in a no-knock-raid, or potentially taken by a bank during a bail-in.

There may not be anywhere that your silver is 100% safe so to minimize risk it is important to try and have multiple locations. Even under the worst case scenario you won't lose all of your stashes. Silver that you plan on saving for a longer period of time can be stored in more isolated places.

One way to reduce the risk of theft is to limit the number of people that know you have metals in the first place. People that intend to steal from you are very interested in what kind of goods you may have. This is also true with food storage or anything else. Avoid having any digital record of how much precious metals you own. One way to do this is to buy silver with cash in quantities low enough to avoid any paper trail. Not to sound too paranoid but if there ever were laws implemented against ownership of precious metals then a digital list written by you of your total assets could be very damning. This has happened in America before but they didn't have the resources then to even dream of tracking people let alone thousands of S.W.A.T teams. You may want to let at least one very trusted person like a spouse or family member know where each location is or where a paper map indicating each location is. This is in case of accidental death. Your will for example could include such a thing.

Here is a list of some possible locations as well as their merits. People that live in apartments or rent may have more limited options.

1. Bury it. Just like the pirates. You can seal a mason jar full of rounds and put it 5 feet down into the earth with a post-digger. No one is going to dig up your yard looking for it unless you show/tell them where it is. Try to make sure whatever container you use it waterproof. If you have a lot of land then having multiple buried food stashes as well is a nice insurance.

2. Build a secret compartment into your home somewhere. If you have a basement you can make a compartment in the ceiling or in the walls for long term storage. There are stories of people finding vast amounts of hidden wealth in their homes from decades ago by individuals that chose this route. Be creative.

3. A large vault in the garage isn't a bad place to keep a smaller amount. A thief could not easily move it if it is bolted down. The only danger here is if the police arrive with a warrant for something else and force you to open it. There are many states where police are allowed to pocket cash and metals if found during a drug warrant. Having some metals in the vault may placate them from searching deeper though.

4. A safe deposit box at a credit union is more safe than a home vault but it does come with a monthly fee. Police very rarely are able to get warrants to search these boxes, it is difficult to even know off-hand if you have one for local law enforcement. You may even open one in a nearby town. The biggest risk here is some sort of confiscation due to bank failure (such as a Cyprus style bail-in but it seems a but less likely.)I would consider putting a fifth of my metals in such a place.

5. The home of a family member. Maybe grandma, your brother, or parent wouldn't mind you storing your silver in their vault or storage room. Anywhere a thief isn't likely to look. I have family members that seem pretty intent on dying in their homes and there are plenty of creative places on their property. Just ask permission and clearly label it as yours. This is also a good idea for food storage. The further they are from the city the better. You can even have multiple spots at different homes or at the same home in different areas. In the country hiding spots are as numerous as your imagination.

6. Try the attic. Some people live their whole lives in a home without ever so much as looking at their gross attic. Try reinforcing the drywall with some plywood (in case of an earthquake you don't want 20 pounds of silver falling from the ceiling) and covering the silver with insulation. The furthest most annoying corner is a great place or even underneath a board you nail on top of it (then store stuff on that board).

7. In some homes underneath the foundation is the best place. A S.W.A.T team or a thief would never think to look there, especially if it is just a crawl space. The dirt is dry there too so burying a large amount is a bit easier without making a mess in your yard or without drawing suspicion from your neighbors.

8. Some folks like to hide gold and silver in the woods. Be careful with this one. If there is a spot that you are 100% sure is safe from fires or a lucky hunter... curious child then make sure that you can get to it later. If it is your own property then all the power to you.

9. Empty septic tank. Also great for water or food storage.

10. A small amount could be hidden in electrical boxes.

I hope that you find this information useful. If you have other ideas on safe places be sure to put it in the comments.

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Pirate's treasures

If you bury or hide your chest of silver be sure to make a good map. This is because you are more likely to forget where you put it or die before you need it than you are likely to have it stolen. Maps might be GPS coordinates, coded directions, a real map- just be sure to have it recorded somewhere secure that you can access easily. It may be 50 years before you will need your treasure and you may be in panic or shock or writing your final will. It's easy to forget.

Another tip I have heard is to bury metal trash over your stash so someone with a metal detector gets thrown off. This also brings up the idea of using metal hiding spots like I-beams, fake water pipes and old cars.

SteveMT's picture

With all of these hiding places, you are going to need a Plan B.

Hiding this stuff in several possible places is one thing. Protecting it is the Plan B I'm referring to. I'm talking about guns. Should one of many various worst case scenarios occur, you should have the means to protect your property. Secure, and safe, yet easily accessible hiding places for not only your metal is essential, but also for your weapons should you need them. Trusting family and close friends with the knowledge of where everything is takes on a whole new level of trust when it comes to weapons. You can't have one (metal) without the other (weapons), imo. Think about this. Banks have security systems, armed guards, and the police protecting their worthless fiat paper. Shouldn't you have something just as substantial that is protecting your real money? Think about it.

End capped

PVC pipe buried at an angle under the slab your air conditioning unit sits on, patio or house foundation, or buried vertically next to all your sprinkler valves or a metal fence post. You'd only need to uncover a few inches of dirt, remove the top cap, reach in and get all your stuff out quickly.

When a true genius appears in the world, you may know him by this sign: that the dunces are all in confederacy against him. ~J. Swift

Floor safe

You can get small floor safes from a box store. For folks with a slab house, pick an area without plumbing under it and start chiseling away under a closet. Insert safe in hole, get a bag of concrete to fill and level, cover with carpet.

For raised foundation, same thing except dig under closet, form a box around it, and hang it around floor level, fill with concrete.

http://www.homedepot.com/p/SentrySafe-0-31-cu-ft-Waterproof-...

Cheap, only about 6oz silver.

Blah.

TwelveOhOne's picture

Two points: paint it black (Stones) and animals hide their stuff

I read (here!) a year or two ago, that somebody's grandfather had painted a LARGE silver bar black, and was using it as a doorstop. Hiding in plain sight!

The other thought was a meta-one, that animals hide for the future, like squirrels with nuts. I think that's really neat, that we're just larger squirrels walking on hind legs.

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I disagree wholeheartedly...

share and spread.

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BRAAA-VO! Great post. I haven't even finished reading it and...

...I had to comment.

Diversity of locations and keeping your mouth shut about it are probably the 2 biggest points you made.

"We have allowed our nation to be over-taxed, over-regulated, and overrun by bureaucrats. The founders would be ashamed of us for what we are putting up with."
-Ron Paul

Some good tips there!

I use lots of what's on the list... and learned a couple new things.

I don't like the bank box idea, but the rest is solid.

thanks for sharing.

At their inceptions, the #Liberty, #OccupyWallStreet and #TeaParty movements all had the same basic goal... What happened?

Keep your Silver at the Bank?

One advantage for some individuals of a safety deposit box is that anywhere else you hide it a family member could get at it. For example, let's say that my son had a drug problem or was just untrustworthy and desperate for cash and he knew where it was. Another example, let's say that I am great at stacking silver but not so great at marriage and my wife decides to teach me a lesson and use the silver to buy herself a new car. Maybe your 10 year old shows his friend your treasure and then his friend's older brother steals it while you are on vacation.

The safety deposit box comes with a annual fee (like $15) but it is different from all other places in this aspect so I decided to put it on the list.

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If those are the kind of people you have in your home

Then good luck. If you can't trust someone in your home , throw them out. Peace of mind is important for a sound mind and body.

500 -100 ounce bars

could be stacked and painted to look like a mail box stand out by the end of the driveway.

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