Long Position on Silver and Gold?

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Originally Posted by Sawin

Oh, I get that 100%. I will NEVER buy "silver" on ebay

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How is buying from APMEX, MCM, or any of the other big sellers on eBay different from buying from them directly?

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Originally Posted by HoneyBadger

Muddywings, you may want to look into insurance for specific valuables. I have "valuables" insurance through USAA to cover things like Mrs. HoneyBadger's jewelry and some other especially valuable items around the house.

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off topic rant but I dropped usaa for geico for auto insurance and saved $600/year. I then asked about my subscribers savings account status and was advised since I still had my personal article floater (jewelry) with them it would continue to accumulate. So i moved my jewelry over to my home insurance (AMFAM) and dropped the policy with USAA. Now they said they can't pay out my SSA for six months but when they do, I have $2500 coming to me.

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Originally Posted by muddywings

I'm pretty paranoid about theft or fire and I only expect my safe to keep out a novice thief or minor fire.
Thanks

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I've heard fire inspectors say that fires burn UP and FALL DOWN. So the basement is the best place to keep a safe...whenever you can uncover it.

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Originally Posted by hatidua

How is buying from APMEX, MCM, or any of the other big sellers on eBay different from buying from them directly?

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I buy on Ebay from REPUTABLE dealers that have conducted 10s of thousands of positive transactions. I like local better but it costs a couple bucks more.

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Originally Posted by hatidua

How is buying from APMEX, MCM, or any of the other big sellers on eBay different from buying from them directly?

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If you are buying from APMEX or MCM via ebay, that's ok. I was saying I would never buy silver from a random Joe on eBay of Craigslist, etc. I just require the seller to be a reputable one.

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Originally Posted by whitbaby

I've heard fire inspectors say that fires burn UP and FALL DOWN. So the basement is the best place to keep a safe...whenever you can uncover it.

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In my experience helping clean up after the Black Forest fire, the worst place for a safe was in the basement because after the house caught fire, it would collapse into the basement and then continue to burn at hundreds, even thousands, of degrees for hours or even days. The best place for a safe was in the garage or near an outside wall away from the basement if possible. Now if your home catches fire and the fire department comes and puts it out, even after a few hours of intense heat, the contents of your safe may be okay. It is the prolonged heat and the unusual circumstance of an event like a wildfire that will destroy everything.

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Originally Posted by HoneyBadger

In my experience helping clean up after the Black Forest fire

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I looked at a lot of photos of the Black Forest fire, both aerial and ground level and I don't recall seeing a single gun safe. In light of the many homes that burned, I have to assume that at least a few of those homes formerly had a safe, and some of those were likely "fire proof".

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Originally Posted by whitbaby

I've heard fire inspectors say that fires burn UP and FALL DOWN. So the basement is the best place to keep a safe...whenever you can uncover it.

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If they get their fast enough; and if your home is constructed of composite joists (TJI's), the odds are not in your favor.

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Originally Posted by hatidua

I looked at a lot of photos of the Black Forest fire, both aerial and ground level and I don't recall seeing a single gun safe. In light of the many homes that burned, I have to assume that at least a few of those homes formerly had a safe, and some of those were likely "fire proof".

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I saw only one gun safe in my 2 weeks of helping clean up. I think it started out about the size of a liberty fatboy, but when we found it, it was a 1.5ft tall blob of metal that had completely melted. We had to borrow a neighbor's bobcat to dig it out and lift it. The owner just had us throw it straight in the dumpster with the bobcat. Owner recalled that it had a "2 hour" fire rating. The ash and debris filling the foundation of his house was still hot in some spots 3 days after he was allowed back in.

Anyway, back to metals of the precious variety...

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Originally Posted by HoneyBadger

I saw only one gun safe in my 2 weeks of helping clean up. I think it started out about the size of a liberty fatboy, but when we found it, it was a 1.5ft tall blob of metal that had completely melted. We had to borrow a neighbor's bobcat to dig it out and lift it. The owner just had us throw it straight in the dumpster with the bobcat. Owner recalled that it had a "2 hour" fire rating. The ash and debris filling the foundation of his house was still hot in some spots 3 days after he was allowed back in.

Anyway, back to metals of the precious variety...

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+1

If you are in a wildfire area, or the FD doesn't show up in time, the result is your goods are phucked in case of fire...

http://i34.photobucket.com/albums/d1...psc4d6df4f.jpg