Quote from: pitiflin on August 23, 2017, 09:19:02 PM

Quote from: Hydrogen on August 23, 2017, 09:00:09 PM

I know some of the regular posters in this section are pro gold.

Probably one of the biggest obstacles to people investing is gold is not knowing where or how to store it to ensure safety.

What is the best method of storing gold/silver? Would you recommend keeping it in a personal safe? A safety deposit box at a bank? Burying it in the ground somewhere late at night where no one will ever find it pirate style?

Also what insurance options are there? Do banks insure safety deposit boxes past $100k?

Law enforcement confiscating money/precious items seems to be on the rise. Are there any tips for avoiding having gold/silver confiscated?

I would be interested to hear thoughts on this as it could represent one area where gold/silver might be considered less preferable to crypto.

The reason why one's money usually gets confiscated is because he doesn't pay his tax or he is a criminal.

That's not true, it can also get confiscated if you are just suspected of committing a crime, at least in the US.
And you usually don't see that money back again, even if you weren't doing anything illegal.

There are enough proven stories of people driving with, say, 10k in their car to pay for something in cash, getting pulled over and have their money confiscated because police 'thought' it was drug money.
They don't see their money back.