Store Gold Coins In Your Vehicle

Sun, May 3, 2009

Safety

It might seem a rather odd idea at first, but it does have its merits.  You can store gold coins in your car, truck, or SUV to help keep them safe from other risk factors.  The general rule of thumb is to secure your assets in a variety of places, just as your financial investment portfolio should consist of diverse ventures.

There are a great number of hiding places in your vehicle when you stop to think about it.  You can hide your treasure in the glove compartment (although that would be the first place someone would look for valuable assets), under the hood, under the seats, or in the trunk space, just to name a few places.  If placed under the hood, near the motor or other vehicle parts that get hot, you would need to insure you have the bullion treasures encased in a fireproof container.

Many small places under the seats, and even under the carpet and in the trunk would make excellent places to hide small valuable assets.  Make sure you seal the gold coins within a plastic covering or in a heat-resistant carrier to help protect them from the environment.  You would also want to remember to remove them if you had to take your car in for repairs or maintenance.

The benefits of keeping these precious metal assets in the vehicle you drive are 1) to keep them out of your home in case of burglary; 2) to keep them safe if your home were to be involved in a natural disaster; and 3) to travel safely with you wherever you go.  If you keep just a few of the round bullion units hidden in your vehicle, if you ever had to leave your home or your town in an emergency, they would be with you if you needed to cash them in.

Recommendations for hiding your valuable assets in your vehicle include making a hiding place where you would need a screwdriver to gain access to.  This would make it more time-consuming for would-be thieves to try to find your treasure, if they had any idea there was some there.  Something thieves don’t generally have a lot of is time.  Having to use a screwdriver to get to your secret hiding place would also deter anyone who is curious enough to poke around and find something, if they don’t have one of the handy tools on them.

Another disadvantage, however, to storing gold coins in your car is if your vehicle were to be involved in a severe accident that totaled it, it might take your mangled treasure to the scrap yard with it.  No one wants to think of those things happening, but when planning a strategy to secure your assets and plan your financial future, all scenarios must be considered to come up with the winning approach.

Another idea is that if your home were to get burglarized when you were out of town and your car was parked safely in the garage, a vehicle is not the first place a thief is going to think to look for hidden treasure.  Criminals are generally short on time and there are a few “regular” spots they try and hit.  Chances are, unless you have a brand new fancy sports car and they know it, they will be in and out of the house without ever thinking of searching a vehicle for hidden treasure.

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