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Safe deposit boxes aren’t safe (2019)

nytimes.com

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Re: Safe deposit boxes aren’t safe (2019)

#111

Post by yellow_lead »

rdevsrex wrote: post #107

This makes me wonder if simply burying what you have is a better option. One of my long standing goals is to buy some raw land for hunting and camping, like 50+ acres. I could easily bury several caches of valuables, that only my immediate family knows about, and let nature regrow over it. I mean, what are the chances that a rando stranger is going to be in the middle of nowhere with a metal detector?

Yeah, but many people have buried their money and later found it deteriorated beyond use. Make sure to use some good containers if you go that route :)

Re: Safe deposit boxes aren’t safe (2019)

#112

Post by mulmen »

rdevsrex wrote: post #107

This makes me wonder if simply burying what you have is a better option. One of my long standing goals is to buy some raw land for hunting and camping, like 50+ acres. I could easily bury several caches of valuables, that only my immediate family knows about, and let nature regrow over it. I mean, what are the chances that a rando stranger is going to be in the middle of nowhere with a metal detector?

“There’s money in the banana stand.”

Don’t take your cell phone with you when you do the burying. And only tell your family about it with hand written notes. And make sure they know not to look up any information related to the caches. And that they know to never speak of the caches near an internet enabled device.

Also, don’t disturb the ground in any visible way. Just comparing google maps satellite imagery is enough to uncover your hiding place. Probably better to disturb many places and only hide valuables in a few of them.

Re: Safe deposit boxes aren’t safe (2019)

#113

Post by carlosjobim »

yellow_lead wrote: post #111
rdevsrex wrote: post #107

This makes me wonder if simply burying what you have is a better option. One of my long standing goals is to buy some raw land for hunting and camping, like 50+ acres. I could easily bury several caches of valuables, that only my immediate family knows about, and let nature regrow over it. I mean, what are the chances that a rando stranger is going to be in the middle of nowhere with a metal detector?

Yeah, but many people have buried their money and later found it deteriorated beyond use. Make sure to use some good containers if you go that route :)

Gold. Nobody buries paper money.

Re: Safe deposit boxes aren’t safe (2019)

#114

Post by yellow_lead »

carlosjobim wrote: post #113
yellow_lead wrote: post #111

Earlier quoted context omitted.

Yeah, but many people have buried their money and later found it deteriorated beyond use. Make sure to use some good containers if you go that route :)

Gold. Nobody buries paper money.

> Common causes of damage are fire, water damage, chemicals, explosives, damage caused by animals (including consumption of the currency) or damage from extended burying of the currency [1].

[1] https://en.wikipedia.org/wiki/Mutilated_currency

Re: Safe deposit boxes aren’t safe (2019)

#115

Post by saagarjha »

carlosjobim wrote: post #113
yellow_lead wrote: post #111

Earlier quoted context omitted.

Yeah, but many people have buried their money and later found it deteriorated beyond use. Make sure to use some good containers if you go that route :)

Gold. Nobody buries paper money.

Tell that to Walter White…

Re: Safe deposit boxes aren’t safe (2019)

#116

Post by madaxe_again »

rdevsrex wrote: post #107

This makes me wonder if simply burying what you have is a better option. One of my long standing goals is to buy some raw land for hunting and camping, like 50+ acres. I could easily bury several caches of valuables, that only my immediate family knows about, and let nature regrow over it. I mean, what are the chances that a rando stranger is going to be in the middle of nowhere with a metal detector?

I know someone with considerable net worth who converted a good chunk of it into buried treasure, some of which I understand he has literally buried in places, and some he has squirrelled away under the floorboards or similar.

He put a fair bit of thought into:

A) Not forgetting where it is B) it being highly unlikely anyone would ever stumble across it and C) Ensuring his heirs find out about it should anything ever happen to him.

C) was the tricky part, as he’s a lawyer, and therefore doesn’t trust lawyers, and he’s of a generation where technical solutions don’t appeal, and is ultimately the point of risk for anyone trying this route - either you accept that it crosses the Styx with you, or you tell someone, and take the risk therein.

His view on C is that if his kids aren’t smart enough to find it, as he’s apparently left plenty of clues, then that’s their problem, not his. Part of his reason for being obtuse is that apparently in the jurisdictions he has concealed his wealth, buried treasure is taxed far more lightly than inheritance, and he wants them to have reasonable ignorance and deniability.

Re: Safe deposit boxes aren’t safe (2019)

#117

Post by magnusss »

highwaylights wrote: post #108
rdevsrex wrote: post #107

This makes me wonder if simply burying what you have is a better option. One of my long standing goals is to buy some raw land for hunting and camping, like 50+ acres. I could easily bury several caches of valuables, that only my immediate family knows about, and let nature regrow over it. I mean, what are the chances that a rando stranger is going to be in the middle of nowhere with a metal detector?

I would think the more likely threat would be that someone sees you making a deposit.

Haha right! Or that some ne’er-do-well tricks or coerces you into revealing your treasure’s location.

Re: Safe deposit boxes aren’t safe (2019)

#119

Post by secfirstmd »

prima-facie wrote: post #90

I used to work for a small IT company based in London on Hatton Garden a few years ago. At lunch time we used to stroll down to the food market on Leather Lane for a quick bite. It was busy like a bee hive with people working in the city and I absolutely loved it. I remember walking past all those glitzy jewelry stores on Hatton Garden and staring at the various stuff they had on display - thinking I would never want…

I used to work around there. Couldn't agree more. On two different occasions over the course of a year I spotted robberies about to occur and reported them to the police. On one other occasion I spotted a surveillance team following individuals there. No way in hell would I wanna work in those stores. Not worth it.

Re: Safe deposit boxes aren’t safe (2019)

#120

Post by martyvis »

prima-facie wrote: post #90

I used to work for a small IT company based in London on Hatton Garden a few years ago. At lunch time we used to stroll down to the food market on Leather Lane for a quick bite. It was busy like a bee hive with people working in the city and I absolutely loved it. I remember walking past all those glitzy jewelry stores on Hatton Garden and staring at the various stuff they had on display - thinking I would never want…

>Then during the Easter bank holiday in 2015 the famous heist happened at number 88.

Famous somewhere, but I hadn't heard of it.

https://en.wikipedia.org/wiki/Hatton_Garden_safe_deposit_bur...

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