To outsmart a thief, sometimes you have to think like a thief.
Most thieves are in a hurry. They want to get in, find the loot fast,
and get out as soon as they can. So if they are already thinking that
way, why not make it easy for them? The way to do it is with decoys.
Here's the way precious metals IRA companies use decoys to draw you to their gold and silver products.
Let's say you have the majority of your metals stored in a "real," secure manor somewhere around your home and/or property. You know that's where most of your stash is, but the thieves don't know that.
If the thieves come in and can't find anything, sometimes they will keep looking and looking and looking until they find something. So here's what you do.
Go to a discount store and find one or more of the cheapest, smallest safe you can find. Ones that can easily be picked up and carried off with no problem. Put these safe(s) in a fairly obvious place(s), like in the master bedroom closet, in the study, etc.
You need to put some cash and/or gold and silver in the safe so the thief will find it... assume that's all you have, take it, and leave. The more means you have, the more cash and metals you should put in the safe, so it's believable.
The concept is to give a little... in order to keep a lot.
If you have lesser means, put a small amount of cash in the safe and put some pennies, nickels, dimes, etc. in it to give it some weight and make it seem like your metals are in it. I've even heard of people going online and buying fake gold and silver coins to put in the safe. That's actually a good idea. The more real you can make it look, the better.
If the bad guys think they have found your stash... they should be happy and leave. Most thieves would likely take the path of least resistance, and if they feel like they got lucky and found your stash in a short period of time, they may be content to just take the safe and leave, which is what you want them to do.
You can look at this as a form of insurance in that you are willing to give up a small amount in order to protect your larger amounts. It's a smart thing to do, and I think a wise part of your overall storage plan.
Occasionally, people will ask me; "What should I do if bad guy holds a gun on me and demands that I tell him where my loot is? Should I just tell them where my little decoy safe is, or should I tell them everything?"
That's a very serious question.
Unfortunately, you are the only person who can answer that question. I can tell you this. Let's hope that situation never happens to you, but if it does, remember this.
All the gold and silver in the world doesn't mean a thing if you are not around to enjoy it.
There is no price greater than your life. Things can always be replaced, but your life can't be.
No one truly knows how they will react until they actually find themselves in a situation. Sometimes all the planning in the world may simply go out the window when you are faced with real circumstances.
Again, the more diversified you are, the greater chances you have of maintaining some of your holdings.
Think about this. Let's say you did find yourself in a bad situation, and you were not sure if you should tell the robber where all of your personal stash was or not.
If you were diversified, and you knew you had other parts of your gold and silver holdings spread out in locations not even close to your home... you would probably be much more relaxed about telling them what they want to know.
On the other hand, if you knew that everything you had was right there, you may be less inclined to cooperate, and that may not be a good thing.
Hope for the best, plan for the worst, and always put life above all else.
Here's the way precious metals IRA companies use decoys to draw you to their gold and silver products.
Let's say you have the majority of your metals stored in a "real," secure manor somewhere around your home and/or property. You know that's where most of your stash is, but the thieves don't know that.
If the thieves come in and can't find anything, sometimes they will keep looking and looking and looking until they find something. So here's what you do.
Go to a discount store and find one or more of the cheapest, smallest safe you can find. Ones that can easily be picked up and carried off with no problem. Put these safe(s) in a fairly obvious place(s), like in the master bedroom closet, in the study, etc.
You need to put some cash and/or gold and silver in the safe so the thief will find it... assume that's all you have, take it, and leave. The more means you have, the more cash and metals you should put in the safe, so it's believable.
The concept is to give a little... in order to keep a lot.
If you have lesser means, put a small amount of cash in the safe and put some pennies, nickels, dimes, etc. in it to give it some weight and make it seem like your metals are in it. I've even heard of people going online and buying fake gold and silver coins to put in the safe. That's actually a good idea. The more real you can make it look, the better.
If the bad guys think they have found your stash... they should be happy and leave. Most thieves would likely take the path of least resistance, and if they feel like they got lucky and found your stash in a short period of time, they may be content to just take the safe and leave, which is what you want them to do.
You can look at this as a form of insurance in that you are willing to give up a small amount in order to protect your larger amounts. It's a smart thing to do, and I think a wise part of your overall storage plan.
Occasionally, people will ask me; "What should I do if bad guy holds a gun on me and demands that I tell him where my loot is? Should I just tell them where my little decoy safe is, or should I tell them everything?"
That's a very serious question.
Unfortunately, you are the only person who can answer that question. I can tell you this. Let's hope that situation never happens to you, but if it does, remember this.
All the gold and silver in the world doesn't mean a thing if you are not around to enjoy it.
There is no price greater than your life. Things can always be replaced, but your life can't be.
No one truly knows how they will react until they actually find themselves in a situation. Sometimes all the planning in the world may simply go out the window when you are faced with real circumstances.
Again, the more diversified you are, the greater chances you have of maintaining some of your holdings.
Think about this. Let's say you did find yourself in a bad situation, and you were not sure if you should tell the robber where all of your personal stash was or not.
If you were diversified, and you knew you had other parts of your gold and silver holdings spread out in locations not even close to your home... you would probably be much more relaxed about telling them what they want to know.
On the other hand, if you knew that everything you had was right there, you may be less inclined to cooperate, and that may not be a good thing.
Hope for the best, plan for the worst, and always put life above all else.
Christian F. Burns has worked in retirement retirement counseling
for more than 20 years. His experience about how you can use precious
metals IRA companies to hedge your retirement is largely explained in
the gold mastermind for free at goldiraforinvestors.com.
If you are interested in rolling over your 401k to gold or silver IRA, I
highly recommend you to check this link out. You can also watch a video
that has just been released from inside the paid program that explains
Steve Smith's Acid test to choose the right IRA account.
