by Rocket J. Squirrel, Survival Blog:
(Continued from Part 1. This concludes the article.)
Security
First off, never tell anyone that you have gold and silver stored at your home. Second, you must break rule #1 and tell someone you trust about the location, emphasis on trust. You will want to tell your wife/husband. Additionally, you will want to tell one of your heirs. You do not want to have your gold and silver lost to the person who buys your home when your heirs sell it if your heirs are unaware that you have gold/silver hidden on the property. Whomever you tell, emphasize to them that they should tell absolutely no one else. You will likely know ahead of time if someone is a blabbermouth and therefore not select them as your trusted heir.
TRUTH LIVES on at https://sgtreport.tv/
If you store gold and silver at home, be prepared for the situation where a home invader knows of your gold and silver and threatens to torture/kill one of your loved ones if you don’t hand over the gold and silver. Will you give them what they want? Will you fight back? What if the home invader is given what he is asking for and then kills all of you anyway? Decide now on how you will handle such an unthinkable situation before it happens. Will you fight? Will you give up your gold/silver and hope that the thief does not murder you and your family members present even after receiving the gold/silver? Plan now so you will be prepared mentally.
Do not store more gold/silver at your home than you are willing to lose. My personal strategy is to store sufficient 90% junk silver (good for small transactions) at home to provide for my family should the Schumer hit the fan. The remainder is stored in commercial vaults, segregated and insured.
For gold/silver stored at your home, your homeowner’s insurance policy typically excludes valuables or has a ridiculously low coverage limit, maybe $2,000. You can get a special rider for what you store at home but then people at the local agency and insurance company home office know about your gold/silver. This is a potential security problem. Should you go without insurance? You must decide for yourself how you will address insurance for your home storage.
Where to Buy Gold and Silver
- Local Coin/Bullion Dealer?
- E-Bay?
- Costco or Walmart?
- National Coin/Bullion Dealer?
First, choose a dealer that can buy back your gold/silver should you ever want to trade them for Federal Reserve Notes in the future. Ask them how they determine the buy-back price.
You can buy from your local coin shop. I recall David Collum stating in an interview that in the early 2000s, when no one was buying gold and the price was near $250/troy ounce, he had a standing offer with his local coin dealer to buy any gold coins the dealer received at spot price. You can develop a similar relationship with your local coin dealer.
You can buy through eBay. I do not recommend this avenue and have never been brave enough to use eBay for gold/silver.
You can buy from Costco or Walmart but neither has any mechanism to buy your gold/silver from you when the time comes.
You can buy from a bullion dealer with national presence. This may include companies with a website capable of online order placement. Some dealers have an online presence but all dealers that I have encountered have a telephone customer service desk where you may speak with a live person and place your order. Many dealers will assign a representative to you with whom you can develop an ongoing relationship.
I recommend that you investigate the range of transaction sizes that the dealer is capable of handling. You will want someone with a sufficient credit line to facilitate large buy-back transactions.
The following are gold/silver dealers that I have used and would use again. Each of these dealers has a YouTube/Rumble presence where they provide excellent educational videos on macroeconomics and the gold/silver markets.
