Your experiences with safety deposit boxes.

[scotwasp]

37 minutes ago, EdwardTeach said:

Dig a hole and bury it somewhere. Probably the safest place for it really.

 

 

The bottom of your pond in the garden?

,,,,,, another boating accident

 

[Silverlocks]

I'm afraid that a rubber dinghy in your garden pond doesn't really have much credibility as a boating accident.

You might say it doesn't hold water.

I'm here 'til Friday.  Try the fish.

[CANV]

Get your self a nice safe and screw it to the floor.   The crimbos will nick that leaving your stash carefully hidden elsewhere.  After wrestling,it from the floor 

lugging the weight of,the thing out to the van then spending a good hour getting into it, they can enjoy it’s emptiness .  Or for comedic effect add a sealed plastic bag of dog terrible    Or if you,have the tech ability and exploding bag of excrement 

[BullionBuyerUK]

20 hours ago, Tortoise said:

Metro Bank in the next town to me provide safe deposit boxes but their smallest is £240 p.a.  I opened a cash account with them as the first step in getting a box, which is required to have a safe deposit box with them.  The account opening was not a smooth process, so I was not generally impressed with them.

I signed up to an account with them about 2 weeks ago, reserved a safety deposit box with them, and finally got some time today to go down and open it. I thought the online sign up was straight forward and problem free, bit of a faff today though getting the deposit box set up. Had someone who was on their first day, so was a guinea pig for their training. But, nice vault room, plenty of space to move around, and the private rooms were quite nice and well lit.

They are also running an offer this month I found out, of a £50 voucher when you sign up to a deposit box

[Petra]

4 hours ago, EdwardTeach said:

Dig a hole and bury it somewhere. Probably the safest place for it really.

 

 

It was fine down on the allotment until the moles appeared, went down and my PMs were all over!

[LawrenceChard]

16 hours ago, Toshunya86 said:

I think in regards to the global context and war coming thanks to our nice elites it s best to not use any storage service. Just my 1 cent.

It's definitely not worth using a storage service for "Just my 1 cent"!

😎

[Ukbullionfan]

Any good ones in London ? At a decent price ? 

[StackemHigh]

On 12/10/2022 at 11:22, LawrenceChard said:

31"

😎

Unlucky you must be uncomfortable at the beach. Most guys inside leg is about 5" to 8" !!!!

[Bigmarc]

5 hours ago, StackemHigh said:

Unlucky you must be uncomfortable at the beach. Most guys inside leg is about 5" to 8" !!!!

I wish I had 8" ,..... Instead of my monster !!

 

 

[CANV]

you must be able to find a place in any house where you can hide stuff..  

[KevjustKev]

One good thing about Metro Bank is that they are open 7 days a week. As for there boxes, they are not insured by the bank, but are covered by your household insurance. Not much good overall, much better off putting that £240 into a better safe.

Of course you can give me your silver, gold and what have you, for safe keeping. The fact that you will never see or hear from me again, is nether here nor there. 

[Ukbullionfan]

For anyone that has got one at a reputable company what’s the run down ? For insurance purposes is it best to tell them what you have in there or is it mandatory anyway to let them know ?

[BullionBuyerUK]

25 minutes ago, Ukbullionfan said:

For anyone that has got one at a reputable company what’s the run down ? For insurance purposes is it best to tell them what you have in there or is it mandatory anyway to let them know ?

The one I have with a high street bank, they won't offer insurance for it as it's a conflict of interests as they don't won't to know what's in your box. 

[tpcob303]

On 14/10/2022 at 17:43, CANV said:

Get your self a nice safe and screw it to the floor.   The crimbos will nick that leaving your stash carefully hidden elsewhere.  After wrestling,it from the floor 

lugging the weight of,the thing out to the van then spending a good hour getting into it, they can enjoy it’s emptiness .  Or for comedic effect add a sealed plastic bag of dog terrible    Or if you,have the tech ability and exploding bag of excrement 

I have a safe, its just full of boxes, it's a great decoy, of course no one is going to tell you where they hide their stack of coins and bullion. Sometimes being overt is the best for being covert. By the time they have ripped up the safe from the floor the amount of tike they have left in the property won't be long, thieves don't like to hang about 5 minutes tops at a stretch and if they go beyond this they are really risking getting caught like the blighter that snuck into my sisters house in HK. He was caught in the act but got away with nothing when he made too much noise and woke everyone up, unless you have the time and know the owner is away and no one at the house and zero security don't hide it at home. As for bank I wouldn't trust them or safety deposit boxes. As is the case in America, this could easily happen here next. 

 

FBI basically claimed the company was laundering money, on that basis they used that premise to seize customers boxes then not give the property back unless you can prove your possessions were not from criminal acirivity. 

 my advice, buy some land, dig a basement and build your own safe into it And don't tell anyone about the land you own or what's on and don't tell the construction people what it's for like a preppers fallout shelter. 

 

 

[PhilOdgny]

If you haven't seen this story from 2009 it is very eye-opening.

https://www.dailymail.co.uk/home/moslive/article-1222777/The-raid-rocked-Met-Why-gun-drugs-op-6-717-safety-deposit-boxes-cost-taxpayer-fortune.html

[RDHC]

3 hours ago, PhilOdgny said:

If you haven't seen this story from 2009 it is very eye-opening.

https://www.dailymail.co.uk/home/moslive/article-1222777/The-raid-rocked-Met-Why-gun-drugs-op-6-717-safety-deposit-boxes-cost-taxpayer-fortune.html

What an extraordinary tale. Fascinating reading. Thank you.

[KevjustKev]

On 22/10/2022 at 09:37, KevjustKev said:

One good thing about Metro Bank is that they are open 7 days a week. As for there boxes, they are not insured by the bank, but are covered by your household insurance. Not much good overall, much better off putting that £240 into a better safe.

Of course you can give me your silver, gold and what have you, for safe keeping. The fact that you will never see or hear from me again, is nether here nor there. 

I went in to Metro bank in the week, it's now no cash at all, including coin collections!

[BullionBuyerUK]

13 minutes ago, KevjustKev said:

I went in to Metro bank in the week, it's now no cash at all, including coin collections!

I asked the guy about this, he said fiat currency. Gold, silver and platinum coins are collectables or precious metals

[KevjustKev]

1 hour ago, BullionBuyerUK said:

I asked the guy about this, he said fiat currency. Gold, silver and platinum coins are collectables or precious metals

Yep, that is what I asked, yet a different answer

[Tortoise]

10 hours ago, KevjustKev said:

Yep, that is what I asked, yet a different answer

If you look in their Terms and Conditions, cash is not allowed, but bullion/coin collections should be, assuming I am reading it correctly.

See here : https://www.metrobankonline.co.uk/globalassets/documents/customer_documents/personal/safe-deposit-box-terms-and-conditions.pdf

[PhilOdgny]

15 minutes ago, Tortoise said:

If you look in their Terms and Conditions, cash is not allowed, but bullion/coin collections should be, assuming I am reading it correctly.

See here : https://www.metrobankonline.co.uk/globalassets/documents/customer_documents/personal/safe-deposit-box-terms-and-conditions.pdf

3.1 You may be required to tell us what you have stored in your safe deposit box. You must ensure that your safe deposit box only contains items that belong to you, and never contains any of the following items:

• anything that is illegal or constitutes the proceeds of crime;

• cash, of any currency, amount or denomination;

• chemicals or drugs, or items which are noxious, ...

...

I guess it comes down to whether a bullion coin with a face value in GBP is classed as "cash, of any currency, amount or denomination".  Perhaps Metrobank need to clarify their T&Cs in this regard as it seems to be open to interpretation.

[TommyTwoShots]

On 13/10/2022 at 20:40, Tortoise said:

Do you mind me asking who your safe deposit box is with, because I was looking at opening one myself?  Are they nation wide?

Metro Bank in the next town to me provide safe deposit boxes but their smallest is £240 p.a.  I opened a cash account with them as the first step in getting a box, which is required to have a safe deposit box with them.  The account opening was not a smooth process, so I was not generally impressed with them.

Ideally I would like somewhere better than them and hopefully cheaper.  Any info would be welcome.

I had a metro safety box. Closed it as the 240 per year option was to small. 

[Tortoise]

8 hours ago, TommyTwoShots said:

I had a metro safety box. Closed it as the 240 per year option was to small. 

Really? Wow!  You must be a silver stacker.  Couldn't imagine having enough gold to ever fill one!

[Petra]

There are companies that are not banks that have boxes to rent, just Google your local area. I am currently awaiting one to actually open a new place near me.

[pricha]

A cheap decoy safe with a few Ali express sovereign's is a decent idea. The attic is a good hiding place but not for silver as the temperature extremities would cause strange things to happen to it. Gold, you can leave it anywhere.  Best to hide or destroy invoices for coins unless you need them for insurance purpose.  All depends on what your insurance policy covers.