Safe deposit boxes aren’t safe (2019)

Post by ghaff » Sat, Jan 07, 2023, 2:06 PM UTC

crazygringo wrote: post #137

Enginerrrd wrote: post #132

Earlier quoted context omitted.

So at my last job, I did engineering/land development for cannabis farmers. Everyone I knew had a story about burying money and forgetting where it was buried and being unable to find it. Also, lots of cash was recovered destroyed. Now... One thing I will say about that is, it's harder to find a good spot than you'd think, and good spots are more predictable than you'd think. I've notice several such cash stashes. I…

> it's harder to find a good spot than you'd think, and good spots are more predictable than you'd think Now you've got me curious, can you elaborate?

Post by [deleted] » Sat, Jan 07, 2023, 2:15 PM UTC

twblalock wrote: post #35

version_five wrote: post #12

Wells Fargo — which in recent years has admitted to systematically ripping off customers with fake accounts, hidden fees and a variety of unwanted and unnecessary financial products — didn’t follow that law. I normally don't like the NYT and I know it continues to get worse, but we need more of this calling our bullshit plainly. I wish we had this in the Canadian media, most of our big companies (and all our banks) a…

On the contrary, I wish the media would not present Wells Fargo as a uniquely bad actor. The only difference between them and the other big banks is that Wells Fargo got caught. Reading an article like this, you might think you would be better off with BofA or Citibank or Chase, but that’s not the case. They are all the same — constrained by a banking culture and a regulatory regime that forces them to all be the sam…

Post by slavboj » Sat, Jan 07, 2023, 3:08 PM UTC

Ekaros wrote: post #109

Spooky23 wrote: post #33

Earlier quoted context omitted.

Best normal option is a locked container with a relative. In scenarios where there is a particular risk or a lot of money potentially involved, store important documents with an attorney.

Fire proof safes aren't that expensive. They probably don't stop physical attack, but are good enough in semi-trusted environment and cover for two of the important risks, fire and water invasion.

Post by briHass » Sat, Jan 07, 2023, 3:33 PM UTC

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 :)

Post by randerson » Sat, Jan 07, 2023, 4:17 PM UTC

yellow_lead wrote: post #114

carlosjobim wrote: post #113

Earlier quoted context omitted.

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