A reminder that banks are not responsible for your safety deposit box contents

I'm not rich enough to need a safety deposit box but if I ever do, I'm not opening it at this bank.  :p

Maybe I watched too many movies but aren't at least two keys needed to open that thing?  One that the owner keeps and the other by the bank?  Did the wife have access to that owner key?  Did the bank manager all of a sudden buy a house at the Great Park?  Where's the details?

I don't think this gentleman would go through all this if he didn't actually lose his money unless he had imaginary (in his mind) money, which is always possible.  So, he probably got screwed.  Don't approve of his method, especially since it looks like he took a shot at the hostage but fortunately missed.
 
http://losangeles.cbslocal.com/2013...-crew-captured-after-year-long-investigation/

My friend's mother had a bank safety deposit box in Rowland Heights that was broken into.  The bank offered $500 to compensate their customer's loss, which was only worth a fraction of a 1 oz gold eagle.  They lost gold and jewelry valued in the 6 figures and did not have insurance to cover their loss.  They opted not to buy the insurance because their insurance agent told them that, statistically, the chance of having your safety deposit box robbed is extremely slim.

I'm not saying that it'd happen to YOU, but if your investment strategy involves significant amount of precious metals (or cash) stored at your local bank vault, you probably want to consider buying some insurance.

In a SHTF scenario, you may not be able to access the local bank vault (or others may have already arrived to rob it).  So it may be a good idea to keep small quantity of gold and silver with you for such emergency.  When paper curency is worthless, gold and silver will buy passage on boat (or other transport means) to bug out.
 
Yes, definitely insurance is needed.

Once again, after all the movies and TV programs showing thieves coming in from the ceiling and floor, why don't they pour 30 ft. of concrete below with many layers of steel bars, cobras in the ceiling, etc. to prevent these things?  :p

Once thing I clearly figured out from your two articles is don't get security deposits in cities that are favored by Asians/FCBs.  :p
 
ps9 said:
Momopi has the best posts:  either food porn or.....guns/apocalypse/survival/bugging out :)
Click to expand...

First of all, leaving: gold coins, high priced jewelry, or a bar of gold at a safety deposit is not a good idea. (If you didn't know that, then I don't know what to say)
 
In the case of a zompocalypse, can you even get into a bank?

We have a safety deposit box (was free with our checking account) but we only keep stuff like our passports in there... documents that are important but have no real monetary value.

We also have a fire-rated safe for more valuable items at home.

But no guns (except the ones on my arms #qwertbrag).
 
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