This is interesting. I wonder if a bank goes under, and you have something in a safe deposit, do their terms stipulate that they can take possession of it in order to repay other creditors first?
I wouldn't trust having it anywhere but in a safe at your property, or buried in the ground.
I suspect in most cases you will have time to pull it out. It's a risk,but so is everything else.
I have a combination of gun safe and hidden and safety box. My house is pretty secure,but not everyone has that luxury and gun safes are not that hard to break into.
I have more cash in my pocket than in my credit union.
And I also have 1,000 oz of silver in the credit union save deposit box. And more in my gun safe.
This is interesting. I wonder if a bank goes under, and you have something in a safe deposit, do their terms stipulate that they can take possession of it in order to repay other creditors first?
I wouldn't trust having it anywhere but in a safe at your property, or buried in the ground.
I suspect in most cases you will have time to pull it out. It's a risk,but so is everything else.
I have a combination of gun safe and hidden and safety box. My house is pretty secure,but not everyone has that luxury and gun safes are not that hard to break into.