MCViewPoint

Opinion from a Libertarian ViewPoint

Posts Tagged ‘safe deposit box’

SWISS BANK LOSES CLIENT’S GOLD | Matterhorn – GoldSwitzerland

Posted by M. C. on July 6, 2019

Use your own safe.

https://goldswitzerland.com/swiss-bank-loses-clients-gold/

by Egon von Greyerz

Don’t let your bank hold your gold. They might not find it. A gold investor told us recently that his Swiss bank had moved the client’s gold from the bank’s safe to a private vault in the name of the bank, in Zurich. The client was aware of this move. But then the problems started. The gold was allocated and the client had the bar numbers. The client wanted to store the gold through our company and instructed the bank. But the gold wasn’t there any more. The gold was supposed to be segregated but the bank had stored it in the collective vault. And the client’s allocated, numbered bars were not to be found anywhere.

Presumably, the bank will accept liability and buy new bars for the client. But again this proves that it is not safe to keep your gold in a bank. We have regularly experienced similar problems with many different Swiss Banks, big or small…

So again, I warn gold investors, not to hold physical gold in a bank vault or in a bank safe deposit box. When the next financial crisis starts, you will not get your gold back from the bank’s vault and you will not get access to your safe deposit box…

Be seeing you

DE ELEMENTEN (SiTU Harns): november 2013

 

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Call Kurtis: Safe Boxes May Not Be Safe After All

Posted by M. C. on July 26, 2018

Banks are not your friend. Use a local bank, honesty is somewhat more likely.

Bank of America-One of the most crooked banks on the planet and most big banks are bent.

Entire boxes are missing! This is what you get for your tax supplied bank bailouts. It makes you wonder what else we don’t know about how banks handle your money.

NEVER use a bank box. The bank and most any government agency can have your access blocked at any time for any reason, including impending bank failure or a “terror” incident.  Many banks don’t allow cash in their boxes because of the war on cash. No firearms of course!

Limit/eliminate keeping any kind of savings and checking in a bank for the same reasons.

Buy a good fire proof safe and learn how to hide it well.

Call Kurtis: Safe Boxes May Not Be Safe After All

By Kurtis Ming

ORANGEVALE (CBS13) – A woman says her bank let her safe deposit box vanish. And she’s not the only one.

Susan Nomi says when she went to open her Bank of America safe deposit box of 16 years, the entire box was gone…

She says Bank of America can’t explain where her valuables went. Read the rest of this entry »

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Is it Safe to Store Gold in a Safe Deposit Box? – LewRockwell

Posted by M. C. on February 27, 2017

https://lewrockwell.com/2017/02/martin-armstrong/safe-store-gold-safe-deposit-box/

Keep in mind the government can close all banks for there is a precedent. Whatever you have in a safe deposit box can also be seized and inspected.
Safe deposit boxes are not safe against the worst criminal, government. Try and avoid both.

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