By the way:
This week i was up for a visit to the bank. A bank of which i am not a customer.
As i don't really want to keep my seeds and (future) paper wallets at home, i asked for the price of a safe and if the contents are insured an all.
Mr. bankster asked me about the value and physical size of the entities i plan to put in there, so i said it would be foldable paper and a handful of items of the size of a matchbox. When he asked me for the value, which determines price and insurance, i said it is volatile in value and it might be anything between x1 (by current btc price) and x100 or even more in the next 30-50 years. So Mr. bankster said he has to contact his boss, who is the local manager of the safe, who in turn should call me on the same afternoon for speaking about details and possibilities.
I never heard of them again, no call from either of the two.
Well, this leaves me with the impression that safes seem to be a pain in the ass for banks (or this bank only, idk).
I found it quite unfair to base the price to rent a safe on the value of the content. Insurance, yes, that didn't surprise me that much. Seems like they out the amount which was estimated the value of the safe contents for. I can't just pay only for the safe and insurance covers the value of all that's in it, in case of physical desctruction, theft and loss.
Trying to get useful service from a notary will be coming next. I'll keep you posted.
No need for a safe. With Bitcoin,
you are the bank! Just follow these simple steps:
1. Get a Trezor or Ledger.
2. Initialize it and write down the recovery seed.
3. Use an additional passphrase and keep it in your head (don't write it down).
4. Transfer your coins to that wallet (seed + passphrase).
5. Store the seed (but not the passphrase) in 3-4 separate places.
6. Done! Your coins are more secure than any vault in Zürich.
That's the beauty of Bitcoin. Being non-physical has its perks!
Now, try do this with gold or silver...
That's how i planned to do it originally, since i already have the ledger, but i wanted to keep it for active future use, with a small amount on it. A second one wouldn't be bad, i guess, but the main reason for keeping cold storage in a secured place is the "thug-with-a-hammer case", for example. If a family member gets kidnapped, i will have to get to the safe, for example, and i could call for professional help by asking an employee, without the bad guys knowing.
Just going through possible cases in my mind...
EDIT: Additionally, if i suddenly leave this life, i want my children and wife to take over the wallets. There will be trouble with the passphrase, i guess.