Royal Mint safety deposit boxes

[mr-dead]

I am about to lose access to my big free safe at work so looking for a secure alternative.

A safe at home is not really an option as the stack value is getting a bit silly now.

 

Currently looking at the Royal Mint safety deposit box option:

https://www.royalmint.com/invest/bullion/storage-and-delivery/secure-storage/

 

Only about 45 mins from my house, should be pretty secure.  Anyone else use them?

 

[matrawr]

Are they taking away the safes period or is the "free" element which is disappearing?.......You keep your stack at work? I should hope your work safes are more secure than at my place of work!

[Kritika]

From what I saw on “show us your stack” your going to need quite a few of those large boxes 😜

I still think you should buy a Welsh Castle with a big deep moat to protect your treasurer @mr-dead but failing that, it looks very good I think.

[Mike]

I did see that Lloyds Bank have just started doing safety deposit boxes from their Manchester Branch from £200 per year depending on size - Might be too far for you to travel though

[Abyss]

Safety Deposits boxes with a bank is that not a big no (unsure true in the UK but in event financial crisis safety deposit seized by the bank). Royal Mint safety deposit box unsure if these have any clauses (gold confiscation act these would be ceased 1st?).

I have safety deposit box Sant-James (Manchester/Leeds) http://www.stjames-safedeposit.com/ but ever another financial crisis I would be first in line to get everything out.

[Croatianstacker]

Maybe something like this will be more suitable for your use https://www.safe.co.uk/products/burton-eurovault-atlas-grade-7-size-1.html

Your stack is big, so if you take a safety deposit box you will need to pay a lot and also there might not fully cover the value of your stack.

A safe like this https://www.safe.co.uk/products/burton-eurovault-aver-grade-5-size-3e.html could perfectly suit your needs, but you will need also an alarm for the safe and also the possibility to temporise the opening in case of an intrusion in your home.

So a great safe is best for the long term and you can have access to the safe all the time, a safety deposit box is good too a robber will be more tented to brake at your home than robbing the royal mint but with a safety deposit box you don't have access 24/7 to the safe.

But to respond to your question, I don't live in London or in England, but I know that the brinks have safety boxes in London http://www.brinksafes.com/london.html

I hope it was a pertinent message even if this wasn't about your concern have a nice day.

[SouthCoastInvestor]

When/if the government decides to confiscate bullion I suspect that the vaults of the Royal Mint will be the first place it looks !

 

 

[Abyss]

Terms and conditions updated ST. James safety deposit boxes.

New T&C's & Covering Letter 2018.pdf

I usually don't bother reading the fine print but clause 18 interesting and could cover any number of scenarios

SHTF or any black swan event occur I would empty out my safety deposit box in a heartbeat.

[Tingles]

55 minutes ago, Abyss said:

Terms and conditions updated ST. James safety deposit boxes.

New T&C's & Covering Letter 2018.pdf

I usually don't bother reading the fine print but clause 18 interesting and could cover any number of scenarios

SHTF or any black swan event occur I would empty out my safety deposit box in a heartbeat.

Yes, plus any such event can happen extremely quickly.  Friday - Monday scenario has been common previously, perhaps even an unexpected bank 'holiday'.  Cyprus events should be required reading by all peoples, not just in this space.

[Martlet]

7 hours ago, Abyss said:

Terms and conditions updated ST. James safety deposit boxes.

New T&C's & Covering Letter 2018.pdf

I usually don't bother reading the fine print but clause 18 interesting and could cover any number of scenarios

SHTF or any black swan event occur I would empty out my safety deposit box in a heartbeat.

Pretty normal for T&C to have such a clause, exempting them from responsibility in force majure.