Where Do You Hide Your Gold?

I just read this story on Bloomberg about where to hide your gold

Some suggestions:

Dig a hole in the ground four feet deep, pack gold and silver in a piece of plastic PVC pipe, seal it, and bury it.

Metal detectors find metal on the surface or in the first 12 inches to 14 inches below ground, depending on soil conditions so use scrap metal as decoys or hiding metal by covering it underground with asbestos or mirrors.

A pound of gold worth about $24,000 can easily fit in a pocket.

Submerging it in a koi pond.

Stashing it behind air-conditioning ducts.

Placing it under carpets [?]

Buy 100-oz. silver bars, paint them black, and use them as doorstops.

Bank safety deposit boxes.

Doberman pincers.

Safes must be very strong and very heavy—a recent sale was of a $10,000 safe that weighed 4,000 pounds. A proper safe starts at $2,000 and could cost as much as $40,000, he says. If the safe isn’t certified to resist burglars with tools for 30 minutes, a so-called “TL-30″ rating, “you’re buying an expensive boat anchor.” 

So here’s my question: why would anyone tell where they kept their gold? It would go online to the thieves.net and it would lose its benefit quickly.

Another thing: why would anyone tell anyone they kept gold at their house? Maybe under gunpoint, OK, but other than that … 

When F. D. Roosevelt confiscated gold from citizens (Executive Order 6102, 1933), it was a crime to “hoard” gold. The penalty was 10 years in prison and a $10,000 fine. According to Wikipedia, no safe deposit boxes were opened and searched, so it was more or less “voluntary.” Apparently few people were caught and prosecuted for hoarding.

But here’s the rub: those who complied were paid  $20.67 per ounce. Shortly thereafter, FDR arbitrarily raised the price to $35 per ounce. Tidy profit for them.


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