Uncategorized April 3, 2020
Secure storage is one of the issues facing anyone contemplating acquiring gold bullion. How to avoid theft of your bullion needs to be addressed before you buy. Knowing how to proceed will help to instill confidence in the entire process of buying this precious metal.
Occasionally the judgment debtor or a third-party, will claim some or all of what is in the Safe deposit box does not belong to the debtor. In that case the non-debtor co-owner would have to come forward and file a third-party claim of exemption with the Sheriff, indicating the source of the funds or assets. If you suspect shenanigans, you may be able to subpoena records related to the ownership of the contents of the Safe deposit box for sale.
If you don’t want the worries that may come with storing the gold an EFT or Exchange Traded funds may be the way to go. EFTs are the mutual funds in gold investing. They are simple. You buy the weight in gold you want and the EFT company holds the gold in your name. EFT companies will charge you a fee to hold the gold, but you will not have to worry about storage.
We all want to collect money – the more of it, the merrier! What you need to know is that your homeowner’s policy wants nothing to do with your money – or almost nothing. The policy has a dollar limit on money, typically $200. That’s $200 for everything – not just what’s in your wallet. If it even looks, tastes, or smells like money, it’s included in the $200 limit – for example, banknotes, bullion, gold, silver, platinum, coins (including coin collections), and medals.
If you keep money in your home, you could invest in a money chest. Money chests are smaller than most safes, but are built in your house or bolted to your home’s frame. Money chests rated TL can withstand tools, TR torches, and TX explosives. The TL rating includes a number that indicates how many minutes the safe can withstand tools.
People are often surprised to hear that I have a Memory Box. “You, a professional organizer?” Yes! Organizing is about de-cluttering your life of the stuff that does not serve your goals, and letting the cream rise to the top. It is about giving your favorite possessions a place of value in your home and life. My personal Memory Box includes select sentimental items, including my handwritten journals, my baton (yes, I was a baton twirler – don’t laugh!), my middle school graduation dress (loved it!), love letters from my husband from before we were married, letters and cards from friends and family members that are precious to me, and poems that I wrote growing up.
Fireproof home safes, depending on the size and type you want carry a vast range of price tags. Smaller, more portable ones can be found for under $100.00 and your larger, more secure safes can be into the thousands.