Off-site Gold storage.

[StackemHigh]

What's the average prices for average sized safety deposit  boxes?

[TringSilver]

Metro Bank;

 

[Tortoise]

I cannot say I have ever used them, but there is this:

https://www.sharpspixley.com/safe-deposit-boxes

which may be a bit cheaper for some sizes.

The trouble (for me at least) is they are in London and I am not.

[Richym99]

Maxx family safe deposit storage. (Locations Cardiff and Swansea)

Edited June 8, 2021 by Richym99

[27carrots]

Depends what city you are in.

Here I can store 240 cubic inches for £150 a year (or less for long term).

Bit of a trek from Scotland, though.

https://portsmouthvaults.co.uk/prices/

[sixgun]

https://www.ebay.co.uk/itm/284175902182?hash=item422a3425e6:g:ILcAAOSwWHhgH9xf

[Rat]

If your near Glasgow have a look at this. 

https://glasgowvaults.co.uk/prices/

[Abyss]

Manchester or Leeds

https://www.stjames-safedeposit.com/

Price, size, dimension of each box on the website

https://www.stjames-safedeposit.com/safe-deposit-boxes-manchester/

https://www.stjames-safedeposit.com/safe-deposit-boxes-leeds/

Pay for 4 years in advance receive the 5th for free.

[sixgun]

When i looked at the safety deposit boxes they did not look very big for a lot of money to rent. Certainly no good for silver stackers.

If a person were in one location i would ask what about a floor safe under the fridge or the freezer or the sideboard. Under the bath if you have the conventional bath with bath side. Who is going to think to take the bath panel off to look for a floor safe?

https://www.esedirect.co.uk/p-4454-sealey-key-lock-floor-safe.aspx

[dicker]

The metro bank ones are not huge at all.  Most metro bank branches have a display at the front where you can look at the various sizes.

I have one of my business accounts at Metrobank and my business manage told me that they aim to pay their rent solely from the proceeds of renting out SD boxes.  Nice business model!

[Minimalist]

This is why purchasing land is the best alternative to storing Gold rather than using Off-site Gold storage facilities. While simultaneously (both the Land and Gold) are appreciating value.

[SilverStorm]

1 hour ago, sixgun said:

When i looked at the safety deposit boxes they did not look very big for a lot of money to rent. Certainly no good for silver stackers.

If a person were in one location i would ask what about a floor safe under the fridge or the freezer or the sideboard. Under the bath if you have the conventional bath with bath side. Who is going to think to take the bath panel off to look for a floor safe?

https://www.esedirect.co.uk/p-4454-sealey-key-lock-floor-safe.aspx

While the idea of hiding PM in the bathroom from theft is good, I'm don't think the bathroom is a good spot for PM.   From everything I've read to date, you need to keep PM away from moisture and humidity.  Storing PM in the bathroom with lots of moisture and humidity is asking for trouble.

Edited June 9, 2021 by SilverStorm

[RustyShackleford]

24 minutes ago, Minimalist said:

This is why purchasing land is the best alternative to storing Gold rather than using Off-site Gold storage facilities. While simultaneously (both the Land and Gold) are appreciating value.

Kinda hard to hide land though.

[RustyShackleford]

3 minutes ago, SilverStorm said:

While the idea of hiding PM in the bathroom from theft is good, I'm don't think the bathroom is a good spot for PM.   From everything I've read to date, you need to keep PM away from moisture and humidity.  

Does anyone use desiccants or other other such products in their storage?

[SilverStorm]

1 minute ago, RustyShackleford said:

Does anyone use desiccants or other other such products in their storage?

I do.   

[sixgun]

Just now, SilverStorm said:

While the idea of hiding PM in the bathroom from theft is good, I'm don't think the bathroom is a good spot for PM.   From everything I've read to date, you need to keep PM away from moisture and humidity.  Storing PM in the bathroom with lots of moisture and humidity is asking for trouble.

That floor safe is not that big but would be ok for a lot of gold - gold doesn't mind being in the damp - silver would tarnish.
The 1.3 tonnes safe i posted a photo of would deal with anything. The issue is no-one could get into it but if someone ran their mouth off and determined thieves came they would know there was something worth taking - they might come again when you were in and bring a shotgun in an attempt to force you to hand over the keys.

The thing with hiding precious metals is most people don't have precious metal so unless you are loose with your lips it is not to be expected. Gold is easy to hide. There are wall plug safes that actually work. i had a loose skirting board i accidentally discovered - i hide stuff in there and no-one would know. There are places that can be disguised. i can think of places i can see as i am sat in my living room that with a little bit of work could be made into excellent safes no-one would expect.

[SilverStorm]

Storing PM in metro bank's safety deposit boxes have both pros and cons.

Pro:

- security and safety of your belongings

- annual storage fees are reasonable

Con:

- access to safety deposit boxes only during banking hours

- if banks close for any reason (bank failure, civil unrest, etc), you can't gain access

- if bank makes an error and seizes your safety box, there may be limited recourse to get your items back

- typically you can't buy additional coverage insurance (at least in North America)

 

[SilverStorm]

3 minutes ago, sixgun said:

gold doesn't mind being in the damp - silver would tarnish.

Yes, agree.  

[27carrots]

Not great for silver stackers but you can fit £1,000,000 worth of gold coins in this box.

[sovereignsteve]

4 hours ago, sixgun said:

Under the bath if you have the conventional bath with bath side. Who is going to think to take the bath panel off to look for a floor safe?

everyone if you keep publicising it😉

[Foster88]

2 hours ago, sovereignsteve said:

everyone if you keep publicising it😉

Reminds me about not talking about Fight Club. 😆

[SilverStorm]

5 hours ago, 27carrots said:

Not great for silver stackers but you can fit £1,000,000 worth of gold coins in this box.

Yes that may be true.  But if you can afford to stack 1M UK pounds of gold, you are rich enough to get your own private vault!  

[KevjustKev]

Boxes don't need no stinking boxes

 

Edited June 10, 2021 by tallthinkev