I saw a brief discussion of where to hide your gold over at zerohedge.com the other day. I have seen these little conversations before, so I thought I would write an article on the is to get ideas from you all!
I have physical gold in five different places.
I also assume that you should NOT hold all your gold at a safety deposit box at the bank. Some of it OK. But, why run the risk (low probability IMO) of a confiscation?
Hiding your gold well is very important. You do not want to have a burglar walk off with a possibly BIG chunk of your wealth, that YOU saved for and thought was the best wealth preserver in town. Everybody's circumstances are different. Someone with a big house, or better yet, a nice tract of land is in a better position to hide it well. Someone living in a small apartment with weak locks in a bad neighborhood clearly has a harder problem.
If you have enough land so that you can dig a hole (or more holes, more on that in a moment) out of sight of your neighbors, than you will likely have all the security you need. Bury it at least one foot deep. I have seen a couple of people suggest that you could dig more holes, and dump dummy metals in them! Just kind of spread the holes around your real hole (with gold), and you're about as safe as you can be.
But, you better remember EXACTLY where your gold is! I hereby disclose that I buried about 1.75 oz of gold on property I owned in South Texas a long time ago (two feet deep). I took careful measurements based on two different formations of trees, and noted carefully where on my land it was. I moved away from Texas. Then some five years later, I went back. The trees had grown... Oh shit... I took my best shot, nope not there. That gold is now lost forever! Buried treasure! So, you better know EXACTLY where it is hidden.
Another idea about hiding gold on large property would be to, say, identify a BIG rock (in the desert say) that isn't going anywhere. Then walk exactly 50' west say. Take a GPS reading of the rock's westernmost tip. Bury it there.
But, what if you do not own land? Or your backyard is small and visible to your neighbors? You might have to hide it inside. But, where?
Here are some ideas:
-- in a safe, or use the safe as a decoy and hide the bulk somewhere else!
-- in the duct work (take off the vent screen, and stick your pile in there)
-- drop your gold into some spaghetti and put it in the freezer!
-- if you have carpentry skills (I do not), then you have lots of options
-- if you have lots of books you can carve out the pages like they used to do
Hide your gold well! I look forward to your ideas.