/biz/ - Business & Finance

I have a Perth Mint account and they keep it in their vault for me for free, Just buy/seell over the phone or online exchange if you want

You must store the gold and silver in a country that is likely going to allow you to sell it when the time comes, because moving around large amounts of physical metals on an international level in a physical sense will be impossible due to money laundering laws.

All Western countries have set the legal precedent in the past of banning Gold and Silver during the 20th century, so keep this in mind when storing in national vaults like the Perth Mint or even Gold/Silver dealer vaults.

If it was me? I would consider doing a Walter White and burying it in an inaccessible area of a national park and mark it with coordinates and pictures.

Millions invested in precious metals? That's a tricky position to be in. I'd say bank vaults, but if you have that much physical metal that you aren't actively doing anything with then you'd need to insure that shit.

>>15823350
Texas has the Texas State Bullion Depository, to the best of my knowledge it's the only publicly run state depository in the US.

We're pulling sneaky shit to try and get COMEX moved from Chicago to Houston, seeing as all the energy traders are in Houston anyway. That move started to happen after the State Depository wasn't allowed to be part of COMEX because you have to be X miles away from Chicago apparently to do so.

I have an account with them, and split about 75/25 with the depository vs holding my own physical.

>>15823409
That's the problem with the Perth mint. Australia even has a law for confiscation.

>>15823429
>>15823404
>>15823409

How much do accounts like these cost? Do they have a minimum deposit?

One avenue might be keeping a large amount in silver, and putting it in a business related to industry. I can imagine they'd have a clause to protect industrial use of silver.

>>15823444
Usually something like 0.5% a year.

>>15823350
the myth about storage being difficult is part of the FUD by the CNBC normies and cucktocurrency autists.
Gold is so dense I can store 250 oz in the following (smallest) vault box for $150 per annum . Literally negligible cost and very comfy security. Pic attached.

>>15823485
Das safe. Not a bad idea at all. The problem is when you want more silver and gold, and want to protect yourself from Western confiscation

>>15823480

I see.

>>15823485

Are your boxes insured though?

>>15823433
Literal fear mongering. Virtually no one handed it in the one rare occupancy in US in 1933.
You store in independent vault or at home your good.
What’s far more likely are “bail ins”.
FUD spread by the kwyptards

>>15823515
I’ve thought about it. Maybe when the value really takes off. The private vault I store at is very secure quite sizeable and off the grid so I’m not concerned. That said anything can happen though in this life. Maybe Nazis come to power and hold me and family at gunpoint for it. But in that scenario we all fucked.

>>15823560
Maybe the opposite of Nazis come to power and implement 'collectivization'

Bolts safe in basement to the concrete floor

>>15823494
The boxes in this vault go all the way up to closet sized. If you need more space than that your a fucking bank and / or you can buy your own vault

>>15823569
Bolted safe*

>>15823567
I would not rule anything out.
If you look at just the last 100 years.
That’s life though perpetual inherent risk .
If there was none who need to invest.

>>15823485

what happens when they won't give you access to your own money? lol

buy bitcoin grandpa, that shit is inferior money and nobody accepts it kek

>>15823576
I'm more interested in silver than gold.

Also, I'm not a bank, or super rich.. just conversation incase anyone who is reads this. Also, all my silver was lost in a boating accident.

>>15823567
What about the kangz finding out and accidentally ending up in your bedroom at 3AM gun pointed at your head? Main problem with that

>>15823569
>>15823579
i want to do this
but which safe is the best safe?

Bullion vault in Switzerland. The Nazis forbade goldstorage for its citizens just like every other nation when push comes to shove. However, the Swiss honored private property during all times. And Hitler didn't attack Switzerland to take hold off the gold... So even the power elite respect Switzerland.

And to all the cryptocucks, there is now amleh, tokenized gold on Bitcoin.

>>15823567
The nazis were 100% collectivists. This is why they were also leftists.

>>15823528

>Literal fear mongering. Virtually no one handed it in the one rare occupancy in US in 1933.
>You store in independent vault or at home your good.

No, but they forcibly confiscated that gold that was in deposit and paid out the owners at the government's set price.

Also, if you did manage to hang onto your gold in the 1930s, it suddenly became hard to liquidate at the market price because there was no market for gold. Gold was set at $35 per ounce for like 30 years by the government because it WAS involved in the Bretton Woods system and America wanted to keep it's dollar as high as it could while it printed as much money as it could (no floating international exchanges for currency during the 40s, 50s and 60s, it was all fixed)

Anyway, a lot of shit needs to go down before we get to that stage. Once a government comes for Gold in modern times, the horse has already bolted and the national currency would be severely devalued. Just food for thought.

>>15824039

Were monarchs also leftists, since they had absolute power and personally owned all the riches and property in the realm?

Your paradigm is a liberal one.

>>15823404
This for some reason sounds sketchy to me, especially a SHTF scenario which is the only rational reason to buy PMs

>>15824142
Yup but say you sold a 100 oz in 1930s at $35 oz.
I think you will find $3500 was a lot enough to buy house(s)
This is the whole point to buy gold and more importantly silver right now. This is the one asset class the market has overlooked in the last 8 years.
And only because the Bernanke and the Fed lies saying QE would be reversed and interest rates normalized to market levels. But that’s impossible without an 80% free fall in equities

>>15824159
that was feudal serfdom

>>15824268

>Yup but say you sold a 100 oz in 1930s at $35 oz.

Don't move the goalposts. If you held gold for the 30 years after confiscation, you did dogshit compared to real estate or stocks.

>I think you will find $3500 was a lot enough to buy house(s)

Yes, and the $3500 in gold in 1933 would buy a lot more houses than the $3500 in gold in 1969.

> This is the one asset class the market has overlooked in the last 8 years.

Not entirely true. Silver and Gold had a massive ramp upwards after 2009 on the expectation of price inflation from all of the monetary inflation that Bernanke initiated.

But price inflation isn't directly correlated with monetary inflation immediately given that the majority of your industrially produced goods are made overseas with cheap labour. See the CPI readings.

Asset classes like stocks and real estate get the price increases from the monetary inflation instead.

>>15824276

So monarchy is a different paradigm. So was National Socialism and Fascism.

>>15823350
In a secret vault in our main home/mansion duh. A room about the size of a regular bathroom, completely fire retardant materials.

Seriously you guys must be poor.
Vault is at the master’s. There’s also a built-in closet where we store paperwork and short storage like jewelry, fiat, a few gold coins and a back up gun.

We rarely open the vault, only about once a year to check and add wealth.

I also got several bank accounts where my fiat wealth is at. You don’t wanna know how friendly the female bank staff get once they notice i have several accounts each with decadent amounts of wealth. Multiply that x7 for each major bank, i have about 25 accounts.

>>15824446
can I ask how you got so wealthy?

>>15824446
>You don’t wanna know how friendly the female bank staff get
haha yeah why would anyone want that to experience that haha

>>15824446
>claims to be wealthy af
>spends saturday night on biz.

Yea sure thing boss

>>15824485
lmao'd

>>15823485
sure when the SHTF vultures wont be casing fucking banks

>>15824446
master bullshitter alert!!!
holy crapola!! my yarmulke almost fell off!!

>>15824276
but... owning the libs?

>>15825601
Larry is fucking based.

>>15823515
Safety deposits aren't backed (atleast by the bank) and secondly the feds can seize anything from security deposits if need be. I wouldn't store there.

>>15823350
Unless you’re a billionaire nobody is storing their PMs in a vault company. Most people have it home in a safe or buried somewhere. Unless you’re a major silver hoarder than that’s a different story, but if you’re purchasing that much might as well own the ETF since you can claim delivery whenever as a large shareholder.

>>15823350
>Where do you put it?
a 400 troy ounce bar (pic related) is worth around $600,000
You can easily hide it up your ass

>>15824446
Here’s “your” vault before they emptied it and confiscated your wealth
The sentenced for corruption of this scale in China is public execution. I’m sure we don’t want to know how friendly the staff are your current residence/ facility kek

>>15826919
Yeah that’s were I store mine, slides up there easily most times . Some of the bars I get are ribbed too. So I got that going on.

>>15826919
Wanna know how i know you are american?

>>15826919
Look. Man said EASILY