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Is Your Bullion Safe in a Bank?
Inflation has arrived.
While the mainstream financial media and government data continue to ignore it, inflation has begun to erupt around the globe. The signs are already clear:
- Civil unrest due to higher costs of living (the Arab Spring, China, Africa, etc.)
- Demands for higher wages (US, Germany, South Africa, Middle East, etc.)
There are three primary reasons for these inflationary trends:
- We live in a global financial system of fiat or paper money, which permits endless money printing by global central banks.
- The Financial Crisis of 2008 brought production and development of many natural resources to a halt as credit dried up.
- Since the Crisis hit, the global central banks have printed over $10 trillion in new money and pumped it into the financial system.
As a result of these items, inflation has been rising dramatically around the globe. In poorer areas of the world, where as much as 50% of income is spent on food, this has resulted in civil unrest and outright riots.
However, even in the developed world, inflation is seeping into the financial system in multiple forms whether it be companies providing less product for the same price, substituting less quality ingredients for their products, or simply raising prices.
We get additional proof of inflation in the form of Central Banks buying Gold. Indeed, starting in 2010, Central Banks became net buyers of Gold. Since that time, the buying has not relented. In 2010, Governments worldwide bought 77 tonnes of Gold. In 2011 it was 457 tonnes. And last year it was a whopping 535 tonnes.
Isn’t it a little strange that the very entities who proclaim that inflation is “contained” have bought over 1,000 tonnes of Gold since 2009?
In an environment such as this, smart investors are allocating at least some of their capital to Gold and Silver bullion.
And whatever you do, don’t store it with anyone else. As Cyprus has just shown us, when the Crisis hits… you can’t get access to your money.
Personally, we distrust safe deposit boxes because part of the reason for having Gold or Silver on hand is in case there’s a run on the banks or a bank holiday is declared. For that reason, we prefer having at least some bullion in a personal safe somewhere. You can get a decent safe for anywhere between $100 and $1,000. Both Target and Wal-Mart sell decent models for $50-$300.
On a side note DO NOT tell people about your bullion stash OR your safe. Trust virtually NO ONE with this information except your closest loved ones (and we mean CLOSEST).
This concludes this article. If you’re looking for more information on the threat of inflation, we’ve just released a Special Investment Report outlining the threat of inflation to your financial well-being. It’s titled, The Inflation Secrets Your Broker Won’t Tell You and it outlines three HUGE secrets that 99% of the investment community don’t know about inflation.
These include
- The surprising industry that suffers as prices soar, despite being considered "inflation proof" by many investors...
- Which investment Warren Buffett loves even more than gold...
- Why U.S. Treasury Inflation-Protected Securities (or TIPS) don't work — and what investment could be your best alternative.
This Report is a $79 value, but we’re giving it away for free to investors today. To pick up your free copy, swing by:
http://gainspainscapital.com/the-inflation-secrets-your-broker-wont-tell-you/
Best Regards,
Graham Summers
PS. We also offer a FREE Special Report outlining, What Europe Means For You and Your Savings.
In this report, we outline the risks Europe’s banking crisis holds not only for those in Europe, but for savers around the world. We also explain how this crisis will most likely unfold, including which areas are most at risk in the financial system. And we cap it off by listing multiple backdoor plays on Europe that investors can use to profit from Europe’s Crisis.
You can pick up a FREE copy here:
http://gainspainscapital.com/what-europes-collapse-means-for-your-savings/
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-1 per your request.
Of course us bitcoiners have no problem hiding our stash as it could be on a thumb drive or in a steganographed image of the missus with the kids or on a piece of paper with a QR code hidden in the cover of a book. If we escape the country with our stash our car doesn't weigh 1 ton extra and sags through its wheels so even the dumbest customs officer can figure out we are smuggling something.
Send in the red arrows
/sarc
I'm heading over to Grahams trailer to pick up his cheap ass safe and walk right out with it. Who's with me?
LOL what kind of question is that? Unless you're a sheep your bullion should NEVER be in the bank.. hell I don't even like $2,000 in my checking account most of the time..
You can get a decent safe for anywhere between $100 and $1,000. Both Target and Wal-Mart sell decent models for $50-$300.
I doubt a safe that sells for under $1000 could withstand 5 minutes of attack. You likely need to spend $2500 or more for a "decent" safe that is bolted down and difficult to break into.
Exactly. And even then your safe is nowhere near as secure as the safe at the bank. Best bet is to keep some in your home safe and some in the bank safe. That way you spread the risk around. If a bank holiday hits you still have some bullion. If theives break into your safe you still have some bullion in the bank.
But worst thieves is bank!
The other thing to consider is that, if you put it in a safe, people are going to see that you have a safe, and conclude that there is something quite valuable in it. This may escalate situations in an undesirable fashion.
Better to appear that you have nothing. Or, simply drop it in a fast moving river.
Boris is store PM in refrigeration appliance. Slow down oxidization and partially shield neutrino.
It's perfectly safe at the bottom of the Atlantic right where I lost it in that tragic boating accident. So sad.
Yeh...Japan might see a little inflation ...ya think ?
Nothing is safe in the bank. Next question.
One hundred percent correct!
I don't even like going into a bank.
In case you walk into the middle of a hold up! You just never know.
Oh ya, the best security? KEEP YOUR MOUTH SHUT.
Like training wheels, everybody got to start somewhere. Simple words for a simple minded population of sheeple.
It sure as HELL IS SAFE...... for someone, BUT that "someone" AIN'T you..... use the Bank of Ball Mason in the backyard,,,,,
Szell? Is it safe? http://youtu.be/kzw1_2b-I7A
His subscribers actually pay for this deep analysis?
Exactly.
The author asserts safe deposit boxes aren't safe, but then suggests putting your bullion in a safe at home?
You might as well post a sign on that safe: "ATTENTION BURGLARS, HERE'S MY GOLD, COME AND TAKE IT!!!"
The sign can also state 'Plenty of guns here....enter at your own risk'
Remember, the burglars have to find the safe. The banksers already know where the bank is.
Diversification can mean some PM's in the safe, some in the bank, some in the bottom of the river, some in a hole.
Aint it great that one can diversify using only 1 asset class !
who the hell would know you have gold except you and your big mouth? stupid post from stupid people..I"m sure you can dig a hole no?
Mouth is not safe! Thief is now carry pliers!