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re: Would you be afraid to keep cash in a safe deposit box?

Posted on 1/6/16 at 9:21 am to
Posted by Bucktail1
Member since Feb 2015
3488 posts
Posted on 1/6/16 at 9:21 am to
He's trying to hide money from the feds, he can't buy gold or anything else.
Posted by Pettifogger
I don't really care, Margaret
Member since Feb 2012
87748 posts
Posted on 1/6/16 at 9:26 am to
quote:

LINK

There are no "fireproof" safes on the market today, they are all "fire resistant" . Safes have a fire rating that specifies how long before the contents will be damaged, and that specification is usually for paper. Digital media can be damaged at much lower temps than paper and require a media rated safe.


Yep. Even at what most people consider the decent level for residential safes, Liberty and the like, fire and theft is still a very real possibility.

Theft is overplayed, IMO, because of the type of thief typically encountered here. Of course, if it's in your garage and can be yanked out with a truck, or some other susceptible situation, even idiots may be able to pull it off.
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