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l watched my grandmother many years ago put her dollars, gold, and silver ornaments in a plastic box and bury them in a hole in the ground, marking the spot so she wouldn't forget it later. If ornaments or dollars were needed, she would fetch the necessary items from under the ground, unseen by all. The work is a little difficult, but she has been doing it for almost 30 years, and she is now an old woman.
     I was very surprised by her strategy. I liked it, and at the same time, I was curious as to why she put it that way. When I asked her, it would be better to keep the funds in a safe place at home or in the in the bank instead of like this. She then told me that neither the house nor the bank are safe.
 Based on that formula, I saw my mother adopt the exact same approach. The mother also has the idea that the bank or house is not safe for these funds, or that it is not a safe place for the money. Because keeping these funds at home is very risky, you should be wary of thieves, robbers, and even rats. Again, in the case of banks, I have heard about the bankruptcy of big banks. Also, if these things are kept in the bank, you have to pay a separate additional fee, and the tax is different.
    That's why they consider this novel method to be safe and confidential.
Also, they are senior people, so they have no idea about the crypto world, and it may take me a long time to understand them.

Many may be confused by reading my title. Some may find this approach ridiculous. But this is a different technique and experience for me.

 Now I want to ask everyone:
    Have any of you ever been aware of this technique before?
And do you think we can keep our savings and wealth underground by adopting this strategy and considering it the safest?
And that being said, how safe do you think it is? At this time?

Yes, I am aware of this saving method. It is largely practiced by elderly people who live in very remote areas where there are no access to financial services. And in those places there is still trust and security. It could be in a community where everyone knows everyone.
We can't adopt this strategy in the modern age. Although there is a variation of it and that is a metal safe box. One person I know in history that did this in modern times is the drug lord, Escobar who hide monies in walls, roof tops and underground.
It is not safe at all. And I do not support it. Modern ways to save money is through investments in different assets.

It's the old way of hiding their wealth but it's still applicable today.
They are safe until trespassers go around bringing metal detectors. If you can trust the very person who knows where you hide your gold and dollars then you are good. This is assuming your place is not prone to flood as well. Considering floods and wildfires are happening in every corner of the world, you're lucky if you live in an elevated area.

People today have different wealth like BTC which is easier to hide, one can just memorize the 12 seed words and his money is just in his brain. As long as he is not dead, his money is in the safest place.

Even though plastic will take longer to be eroded still it can be more over rats love to party with such stuffs so don't even think it as a safe way to keep your money. It's better if you buy a safe deposit box which can be cost around a couple hundred dollars and serves the same purpose.

But I don't understand the idea behind saving the fiat, which is worse the inflation will eat everything you saved.

There is no difference in keeping your money under your bed provided that no one knows about it and obviously in this century, there is no reason for you to go over the silly length of keeping your money. Yeah there is some consequences on keeping your money on banks and so does keeping it under your bed or under the ground. If you want a perfectly safe mechanism then keeping your fiat in form of crypto then put in a cold wallet, thats a perfect mechanism you are looking for

However if you are comparing between keeping your fiat under your bed and keeping it in banks then its still far safer to keep it in banks though

Burying used to be a way of protecting your assets in the past. When people wanted to save for long term or generation, they'd bury their wealth for their children and grandchildren int he family property. It kept it safe from robbers and governments. There were no banks in the past so this method was widely practiced.
At current time, it could be too much effort and risk as there are better alternatives to keep both your money and precious metals.
Gold and Silver can still be buried for safeguarding if all of you agree on it. Burying money however safe you may keep it could be risky both physically and economically. There are chances of cash getting out of circulation. Gold and Silver on the other hand would keep on increasing in price and could be life changing money for coming generation.

Perhaps a lot of us might be aware of this strategy of saving financial assets underground.

It was in the primate society that saving your finances or assets underground is the best method but here we are now in the post-modern society where cryptocurrencies and other assets has become a best ways to keep ones assets safe.

As time evolves so the ways of life changes, so it's very much ridiculous to take this methods and keep them in the modern and post-modern age.

This method was done in the ancient days and it was proven to be the safest at that time and I have seen a lot of people still practicing it till date.
This method is safe if done in a proper way, but is very unwise because is better saving your money and other asset in a place it can gain interest for you.
Unless done properly money hiding underground might deteriorate and become worthless.
I will advise people when saving to use that money and buy Bitcoin as time goes on it will add interest.

Yep, maybe you see something special, but I just want to express that every method has both risks/safeties in the holding process. The way you mentioned the bank is just the part you don't accept, but in reality many people are still willing to pay for the services they use. I have one more example that gives a different perspective on the wealth storage you are talking about, so what is the scale of that amount? Small or large amounts of money to manage, because I don't like it if someone says they will store a lot of gold in a place that only they know about. And the worst thing is that if they cannot find it (they can die), then having property will not belong to anyone.

I have heard stories of previous generations and treasure excavations, but they do not always bring material value. It's like my ancestors gave me an ocean, but inside there are shells that cannot be used in the present life, and they only have spiritual or historical value (but there are also people who want to buy them)  I'm not someone who has a lot of money, but assuming that's true, there's an option like depositing it in a Swiss bank, which is better than being watched, but I don't understand the process but I know they are safe.

In addition, life is not too easy to tie up property, while in life everything to satisfy my needs is quite simple, like every day I spend about $20 for everything and my current job. Help me complete everything. So I don't need to think about having a lot of assets :), instead of thinking about whether we have to maintain assets or increase them, we need to look a little more closely at each of our life needs, maybe not, similar but they are not too special in a luxurious way.

Of course. It has been used largely in the past, when there were less people and more forests.


It's hugely unsafe nowadays. As said, metal detectors are the first enemy. But it's not the only one. Or somebody looking for truffles might dig them out by mistake.
Or people can see her. From somebody following her to somebody seeing her by mistake. Keep in mind that bird watchers, or cameras for wilderness are becoming more common. Cops with infrared cameras are looking for migrants... a lot of bad options.
Heck, even military spying satellites can see her. And somebody analyzing the images can.. get some ideas.

So no, it's a big warning sign on that method.

The old method still applies today, the only difference is that in the past you kept money and valuables in the ground to avoid robbery or looting. Well... if it were reversed now, the money stored on the land was money from robbery, including money from criminal acts of corruption. With the aim of securing the money so that it is not detected and not found by the authorities. So that when they are caught by the authorities, their money will remain safe, and when their sentence ends, they will still be able to use the illicit money. This method is not only used by robbers or perpetrators of criminal acts of corruption, but drug mafias also often use this method to hide the wealth they have.

This is a completely unsafe method, because there is a possibility that the money will be eaten by termites. Unless you hoard it in the form of gold. However, instead of using this method, if the money you earn is halal money, it is earned in a good way. It is better if you save your wealth in the form of investments, so that the wealth you have is not only kept safe, but you can also make a profit so that your wealth will increase. Is not it..?

Everything has its pros and cons, and this method is no exception in that case. There are some benefits to this approach such as robbers and thieves won't be able to find them as you said, someone trying to sneak in the house and look for money or jewelry won't get any because they are buried in the backyard, however, this doesn't mean it is a foolproof method of saving your funds from every problem because some things will still haunt them.

The very first con that comes to mind is the devaluation of fiat currencies. We know how inflation makes a currency lose purchasing power, and if we are keeping fiat currencies buried in our backyard during such times only to keep them safe, we are making them lose value, if it's just gold and other precious metals, maybe this won't affect them, but burying fiat isn't a good approach, IMO.

Another problem can be natural disasters such as floods as mentioned by someone else earlier. If there is a flood or even heavy rain, if there are paper notes kept underground, they can become useless if there is a lot of water because all the rain water goes underground eventually.

This is not possible on my country which often hit by typhoon on daily basis during rainy season. We are always flooded here so burying something that is not airtight seal will just destroyed by the flood water. This kind of method is only applicable during the time when people don’t a vault or with no technology for having a safe in the house.

Also, saving fiat is useless. Much better to bury a private key containing Bitcoin since it’s value is increasing overtime while fiat is inflating.

In Escobar case, the main reason why he saved money using such techniques was because to avoid the Government, every transaction he would make would never be recorded in any institution, only they would know. No matter how much money or gold we have, if we follow this method it will remain safe and our privacy will be maintained. However, in terms of security, this is very vulnerable, if there is a fire, flood or theft. We often see elderly people from various backgrounds preferring to keep it at home in the method mentioned above, of course because they are too lazy to deal with the bank.

On the other hand, of course it is better to convert your money into assets or invest it, it can provide profits over a certain period of time. I'm sure that even though we are currently in the modern era, some people still adhere to the old way of keeping their money in the ground. Especially if the goal is to avoid recording transactions, this method will always be effective for those who prioritize privacy.

1. When I was growing up I adopted this saving pattern. I was saving some funds I got from my uncle and because I didn't want anyone to know that I was saving money, I had to put the money in a plastic container, dug the ground, and buried the money inside.

2. I will never adopt such a strategy because I nearly lost my savings. The bush got flooded and it became difficult to identify where I kept the money. When I luckily saw the container water had entered and soaked the money. I was lucky because the money would have become bad if it had been there for a longer period.

3. It is not safe because someone might see you digging and steal the money. And it could be attacked by pests if it is not put in a strong container. I would prefer to keep my funds in a safe that is buried in a safe part of my house

Those methods are outdated, and you cannot expect them to still provide same result of security in this present time as it did for people in the old days. Banks were new then when these method of keeping personal belongings safe was in use, so people then had little trust for banks, and trusted themselves more to keep their things safe.
If you try this method currently, there is no assurance of success. Instead of digging a hole to store things, buy a house safe, that can be placed in any secret position of your choosing.

There's no one right now that would keep their money or any other valuable underground. The world is now experiencing more earthquakes, more flooding and landslides and other natural disasters than in the past. Therefore even if you think that is a safe method these natural disasters may come and  displace whatever is precious underground. There are hundreds of services that help people save their money for as long as they want and it will be safe. We cannot do without paying the fees. It is a must and that's what helps them to  keep the business running.

I understand why it is good to bury some gold or silver, of course for those who have the means for such a thing. It's an old way but pretty safe, some people like to have complete control over their funds and this is one way to achieve that. I don't like gold and silver, but if I had to choose I would rather bury them somewhere than give them to a bank for safekeeping.

As for burying the cash, I always remember poor Escobar who buried the cash which eventually absorbed moisture and became unusable, so whoever buries the cash should think carefully about how to protect it from moisture. Just a well-intentioned advice from me, I don't like cash either... whoever has excess cash should buy gold or crypto, one will store value while the other has the potential to bring good profits.

especially today when cash is becoming less valuable due to inflation, it won't be long before the $20 may not be able to buy BigMac. so it's best to just buy gold and BTC for the wealth to keep its value. hiding it is the most challenging because just as they mentioned natural disasters can make you lose the wealth instead.

nowadays, its safer to have BTC and if you prefer gold, just make sure to dig a hole where you can remember where. probably write the GPS coordinates and laminate it.  ;D

I've got a small side room in my basement that is essentially a vault.  Fireproof.  Dirt floor, cement walls and ceiling, no good way for water to get in, and its floor is raised about a foot so it would take a hell of a flood to get water in there.  I keep my valuable items there.  Photos, other papers, etc.

It works fine when you want to hide your bitcoin seed phrase. Put it in a capsule and bury under a landmark, like a tree, or a doghouse and you won't have to dig it out unless there's an emergency and you somehow lose access to your wallet.
I wouldn't keep hold underground because it's much easier to hide it somewhere in the house. There are many great places and it's up to you to figure out which one is the best, but I'd buy a wall or floor mounted safe and put it there. Just make sure the safe is certified.

#Yes this has been that an old way on hiding  your precious things or posessions but mostly it would be money/jewelries or similar things.
#Everything has the risks but keeping it underground will really be needing up that kind of storage that wont really be able to be penetrate by water/moisture and would really be
that far or out with other peoples reach considering that there are some people who do love to dig out things that they could find.
#Would really be your choice because if you dont really like for any party to hold out your gold and money for you then you could opt on digging up a hole and store it out.

There would really be no such thing about being safe but if you do accept out and be able to bare up with the risks then it would really be your choice but
if you are that confident on putting it on a bank despite on bankruptcy possibility then it would be also your choice.

IMO that's an all-around bad idea. So many things can go wrong. Someone could spy on you and steal your treasure. You could forget the exact spot and your marks could disappear with time. A natural disaster like flood could damage or destroy your stash. Someone could come with a metal detector and find it. And so on and so on.

Storing your wealth at least inside your house mitigates a lot of these risks.

Burying gold in a safe location is fine, I wouldn’t recommend burying paper money underground though. We are on a Bitcoin forum though, burying our seed isn’t necessary, we can engrave 12 words on steel washers & hide them well in a safe place.

It's obviously risky especially at this period unlike before. Perhaps you insisted doing it; digging shallow would make it easier for other people to steal it and with too deep holes, it won't be easy finding it in times you'd need it perhaps for emergency purposes. I have some gold accessories in me that I store in vault attached in my house's wall. Using this old method could put your holdings at risk, not to mention that the ground could be soften and reshaped by natural disasters such as earthquake and flood, now, would it still be safe? I firmly believe that technological advancements were made for us people to make use of it. If you still think the same way our ancestors are dealing with things then you might consider the situations in both scenarios.

You are correct. I know Escobar's situation was different because he  did it to make his transactions u traceable from the government. I only him here as an example because it is something that everyone can easily understand in the context of the OP.

It is safe. I think I’d say very safe because no one really expects that you’ll bury your money in the ground. But it really is stressful to do it the way your grandmother did it. We’re in a modern age, so an advanced way to do that is to create an underground (if your money is really worth that height). And underground is just about the same as digging the ground but very advanced because there’s more security.

It's very safe... if the money obtained is the result of stealing or obtained in a bad way so that the authorities don't know about it, then the solution is to hoard the money in the ground. but why do we have a lot of money if we can't spend it and enjoy it. Have a lot of money but no freedom.

So look for money in a good way, so that we can really get real freedom. In this modern era, there should no longer be a method of storing money and valuable possessions in the ground, apart from this method, it is considered ancient, but if we keep paper money, the wealth we have will not increase. Maybe the money will still be safe... even if it isn't eaten by termites, if it is eaten by termites your money will be finished. And if it is not eaten by termites, you will still suffer a loss because the value of the money will continue to decrease from year to year, and perhaps, when you keep the money for a long period of time, when you open it, it is just a piece of paper that has no value.

So that the money you have is maintained well, and its value does not decrease. So invest the money, whether in bitcoin or something else.

This strategy has been right from ancient and I'm clueless if people still carryout such act but is best known by our forefathers and mothers who lack the access to modern and technology era but in history I read a lot about our forefathers and their believe and surprising this act is mostly carried out by weathly men, chief or king. People who never get to see and observe might read stories about the ancient believe. I don't think people are willing to practice such believe now cause anyone who can boldly practice this act will be tag as an outmoded person cause what will happen if such person own a land? etc and other valuable investment choice, there's no guarantee holding fiat cause of the value and secondly banks will be hold responsible if anything happens to your finance. The underground money system is not save from my observation, we can't actually compare the ancient era with the modern era. If people still love this method it's left for them to research and convert their thinking to the modern day cause I believe we have a lot of modern means that can serve like the underground system

The habits of antiquity are unique and sometimes cannot be guessed, such as storing on the sidelines of the soil in the kitchen, between piles of wood or in old clothes in the warehouse. there is indeed a threat from many pests such as rats, termites and predators that gnaw on the storage media, because in ancient times what was found around and easy to model without paying too much attention may be vulnerable to the strength of storage. can actually be behind easy and free as the value of less should often be checked feasibility may be routine, my ancestors ancient times often do even on coins whose value is not much, but this is a matter of principle and want to anticipate with what they can. Nowadays, civilisation is increasingly advanced, including investment storage facilities, even similar services are increasingly numerous and varied, even the storage of any software software, how important the role of storage is because whatever is collected certainly wants to keep and do the best it can.

Our old parents do this because during their period there were not many banks, and the people that do store their valuables in the banks are the rich people, so the low income earners do end up looking for ways to store their money themselves, so they will dig the ground and put their money and other valuable things in there because they believe that’s the only secure way to store their things that they can easily access, and where they will be digging the ground is a place where most people won’t even suspect there is anything there.

I am aware of the technique, and people in rural areas in my country still use strategies like this since they don’t easily have access to banks. Before they can store money or withdraw money from a bank,  they will have to travel for hours, so they prefer storing money at home because it can be easily accessed whenever they need it. In case there is an emergency, they can easily access their money instead of traveling to a bank, which is time consuming.

That's old school strategy, this is how your grandmother's paper money after she put in underground for a decade or more. It's really risky to hold paper money by yourself, either your money eaten by termites or someone might steal it.

I'd hold Bitcoin for long term, there will be no drama about eaten by termites and the gains is higher than any other assets.

https://imgbb.host/images/7l7gt.png
https://www.theguardian.com/world/video/2013/jun/11/china-woman-42000-savings-eaten-termites-video

I was told by my grandfather some years ago, how he use to store his gold at home without fear of harm rubbers, Because even though the rubbers enter the house they will not find the gold anywhere in the house, Because the gold was buried inside a box in the ground which nobody can have access except my grandfather. I think , our grandfather and mothers where taking a big risk to buried their gold inside the ground where their wives, husbands and families members cannot have access to the gold except only the person that buried the gold, which is a dangerous method that will make the entire family to lose the person and his gold when death come. But since the world has developed more for bank and other financial institutions started accepting fiat money, silver, and gold, it has reduced people not to be using that olden days method to store their gold, Because banks have created some boxes in the banks where their customers can deposit their gold and it will be safe for future use.

For a long period of time, of course, it is quite detrimental to save money, not only is there the possibility of being eaten by termites, but the possibility of inflation will also make us quite disadvantageous.
However, this is different from gold, at any time or in the future saving gold is likely to make a profit, even if it is small.
If you understand the benefits of investing, of course for the future it is better to invest, but not everyone is brave and understands investment, that is a problem for now and there are still those who save their money for the future.

Imagine new technology never being accepted.

Imagine China going to a gun battle currently with bows and arrows, just because it was effective for them in the past, or Japan going to a gun battle with Ninjas who have swords. Imagine deciding to ride a horse to a neighboring country because it was the method of transportation when there are now automobiles that could make movement easier and faster. Imagine deciding to use a postman to deliver a written message that is urgent when there is now telecommunication.

It worked before and may still work now, but it will be very risky to practice now, and the only reason someone may be deciding to bury their money or gold in the ground now is to avoid the government knowing they have that kind of money, which is most likely illegal, or that kind of gold.

Weather can ruin memories and cause mishaps. Isn't it leaving your money exposed?

Your grandmother was right about the system. Bad things happen to banks. I understand mistrust. But burying money? Not a solution, it's like suspending your money. No growth, no benefit. Investing puts you in control, yet your money works while you sleep. Stocks, bonds, real estate, crypto: invest in growth opportunities.

Any investment has risk. Hiding it is risky! Smart investment is offensive, not defensive. Your family's respect system is unique. However, it may be time to broaden that approach and find better, more powerful ways to manage your money.

The practice of keeping valuables like money and jewelries underground to protect them from theft and misplacement was ok in the olden days, when there was no internet and there wasn't much government regulations to protect people's money in the banks. Today the bank is the safest place to keep your money, nowadays banks must have huge deposits with their central banks, Incase they go bankrupt, so customers money can be refunded back to them. Thanks to the internet, you don't have to carry physical cash around to make payments, you'll just make digital transfers, and as for the precious stuffs like gold, you can put them in safe deposits. Technology has made it possible for people not to physical keep or carry their assets, except people who don't want their money and jewelries to known by the governments.

I don't really understand with the point you want to say, but if the grandmother want to hide her money, that's what she can do. If she invest in stocks, bonds and real estates, her wealth is no longer private since the government will know her money and how much her total wealth.

Cryptocurrency is still a new thing, a lot old people didn't wan to learn about that, although cryptocurrency actually a good choice to protect your wealth and stay private.

This is an old method that is still often used by people who cannot be assured of bank security, but storing paper Money incorrectly will also make you lose because the money is damaged due to termites or fleas, because I saw this in the news several times and Also someone near my sibling's house experienced this, fortunately the bank was still willing to accept it because the damage was not serious, but if it was serious the money would no longer have any value.
Whatever way we store it, it's not a problem as long as we pay attention to the level of security, putting it at home can not only be stolen but there is also a risk of fire or flood and the risk of saving it in a bank is if the bank goes bankrupt, but I will still choose to keep it in a bank because some banks are guaranteed by the government with a certain amount.

This can still be done and will work for precious metals, though I cannot say the same for fiat currencies. For countries that are changing their currencies every so often, this will be futile since you will still need the services of the banks to get your currencies replaced to a newer one. There are also some countries who might consider this as 'hoarding' and may get you into legal trouble if they find out that you're doing this. Then again, the purpose of burying your money is for no one to know where you keep it, so except for the changing bank notes and currencies, I still think that this technique is a pretty solid one that people can do to keep their assets intact in times of need.

If you bury assets on land that you own, it is not easy for someone to come in and use a metal detector to find it. This wealth preservation trick is similar to how many people print seed phrases on stainless steel plates and bury them in their yards. Each method will have certain risks, no way gives us absolute safety. In my opinion, a safer way is to diversify storage locations if you have many assets: 1 part in the bank, 1 part in a safe and another part can be buried in the backyard...By the way, if this was a bad idea, how could OP's grandmother have kept her assets for 30 years without anyone finding out?

The outline of every asset either without having a physical like bitcoin and or having a physical like gold or money or whatever it must have consequences or risks in its storage, but back again depending on how someone keeps it well without anyone knowing, the evidence that OP's grandmother can keep it for 30 years, means that indirectly OP's grandmother is good at keeping her wealth well, including in bitcoin too. if we are good at keeping the seed phrase until whenever it must be safe.

Yes, it can be by diversifying it or whatever it is in maintaining our wealth from future risks.

I remember in our country one guy who took a loan from his relatives to buy a jeep that he could use for his business unfortunately there was a fire in the neighborhood and he was not home when it happened only his pregnant wife and two kids the wife saves all their children but forgot the money that was kept in a bag.

Keeping money in your house is not safe, if there's a fire or a flood and there's a burglar breaks in you could lose your money, which is why today there are many treasure hunters because they believe that people in the olden days kept their fortune underground, and we have records of buried treasures that are found after so many years.

I can say it is safe to keep but you make sure that you remember it or no one knows, if you keep a map there's a possibility that it can be found by others if you lose the map and another drawback is if a building is erected on the place where you buried your fortune.

Burying something requires having land, unless you want it to be dug out by some animals or found by people. When you do have your own land, you have to make sure that you won't forget where you put it, otherwise it can become a very difficult and unpleasant thing. You also need to be sure that this land is safe (no underground water nearby, no flood risk, no destruction risk). And, of course, you kind of do it once, so it's not a strategy of making gradual savings because burying and then digging up and then burying stuff every month is too much work and confusion.
I think digital storage is more practical, more affordable, and more realistic. I know that some people bury what they have, but I don't think it's a good strategy in contemporary world.

Safety would vary depending n where you are I would say. If you are in a place where landslides or earthquakes are very frequent then this might not be the best option for you so as someone that is from a country with a lot of typhoon and other natural disasters, I decide this is not the safest place for me to store my assets.

It was the safest way but not for this current time. If you use this technique in the current era, you may face various problems at different times, if you need to go somewhere far away, then it will not be possible to withdraw money without coming back to that place. Moreover, if money is kept under the ground, there is a possibility that it will be destroyed due to the moisture of the soil. When I heard about keeping money under the ground, I remembered a story from my childhood. When I was a child, I and some of my local friends made a small square hole with tiles under the ground near my house and stored money there for a few days. It was our personal bank. Later, I saw that all the money had been destroyed due to the humidity of the soil. Other difficulties are also there flood or any kind of nature disaster.
So for current time you have to use the technology like the crypto currency you can hold stable coin or you can also hold bitcoin as well as it was the most secure option when it is on a non-custodial wallet.

Not an ideal way to have assets. It's just not ideal because it's not easy to liquidate in terms of the needs you need to take. I don't think it's the best way. I have heard of people doing it and then just losing its value because of inflation. Gold is better in that way.

This method of saving money was used in the olden days when there were fewer or no banks. People had to resort to what they thought was the best method as at that time. Right now things has changed and there are many banks and crypto wallets for storing funds.

I wouldn't hide my cash underground even when I don't trust the banks, your cash could be stolen or eaten by termites. At present day, I think the people who do this are mostly drug lords that are hiding their cash from the authorities.

I mentioned in the post that my grandmother was an old person and her thoughts would not match ours, and she didn't know about investing in real estate, bonds, or stocks. And please don't think his fund is illegal.
     These dollars are her hard work because she was a public school teacher. He kept his hard-earned funds this way because he didn't want to lose them. But in terms of money, he invested quite a lot of money, like in a in a cattle farm and in the agriculture sector. Because he lived in the village. Not only that, he used to leave all the money on the ground; he used to spend money on all the necessities. But yes, gold and silver were taken out very little. And some family members knew about this secret place of her. You will be surprised to see that grandmother has arranged the interior of her secret place so beautifully, which is really admirable.

But my mother was afraid to invest because she had learned about several scams and also had a negative perception of banks.
  But I thank you all for answering my questions very nicely and solving my problem. I told my mom about everyone's opinion. He realizes his mistake and agrees to invest his money instead of burying it in the ground like this. I really didn't know that much about the subject, so I loved burying the treasure under the ground like that.
  Actually, everything has positive and negative aspects. And as times have changed, so must we.
 Thank you all again.

Try to do the same with gold, silver, or encapsulated private key. Termites and moles will break their teeth on them.
The picture reminds me of that scene (fact based) from the series Narcos, where Escobar went on to find money he stashed in different places when he was rolling in it. One of them that was buried underground got soaked and turned into mud and the other stash was eaten by rats in some basement. While hiding valuables in the ground I'd be more worried of someone digging it out at night than of it being destroyed by critters.

Compared to what saving method and in where? I guess if you are in a situation where you absolutely can't trust banking, it's as sure method as any, but honeslty if that seemed like an only option, then why not just buy bitcoin and bury the private key in a capsule? That's easier to transport if something happens than gold.

Funny enough i know one case in here, that one family had hidden their family valuables during the war. From what i gather it contained at least lots of gems and possibly gold. 2 people knew where the "treasure" had been hidden, one died during the war and other one was too suspicious to share the location, as there was some bitter quarrel between extentend family. I talked with a father of one of the families and he was tracking it via metal detector for ages, but all he found was trash. And top of that the terrain was really difficult, like lots of water and rocky hills.

So maybe ask for your grandmother to tell the place at least one of the relatives she trusts.

But i guess that could happen with bitcoin as well. Luckily where i live i can trust the banks way more then my own house or some stash on the woods.
Woods have probably lots of drugs hidden these days because people in black market use them as drop zones for buyers. But those are short time stashes.

Well for the current time, I would never consider it a good thing, saving assets/money of any expensive ornament by burying them under the garden as it is a very ancient technique but for now we have banks or other advanced protected systems to make our money secure I also have seen many money/dramas where old people used to save their useful assets in this way but hahaha I think it feels good only in movies/films and dramas what do you think?

Do you still consider it a useful method of saving money/assets? what if you died without telling someone you have buried your assets at that place? Your child or other near one will not use your assets and this thing you will also not like in my point of view, Or what if someone opens your that specific place unfortunately? You will lose all of your assets.

Honestly why would she save like that though? Makes no sense, why did she think that people put their money into safe? For just security purposes? Or why people put their money into banks if they do not want to hold it themselves? Money is literally just a piece of paper, money itself, like as in that paper, worths absolutely nothing at all and keeping that safe is just keeping some paper safe, it's literally same idea as getting some A4 blank page and storing it somewhere safe, makes no sense.

I think crypto is far far better than fiat there is nothing wrong with that and I agree that we are not going to end up with fiat ever recovering and we are going to end up with fiat eventually getting worse and worse and worse, but that doesn't mean that we can do it very well without an issue.

The habit of storing valuables underground was carried out by our ancestors because they felt it was safer to store them independently and several other reasons such as limitations in finding a place to store valuables at that time. Security conditions and the lack of access to electricity in several remote areas at that time made them consider storing valuables underground as safer than storing them in their homes.

Times have changed, the thinking of our ancestors choosing underground as a safe storage place is no longer possible to adopt in this modern era. Perhaps some of those who are still alive today have changed their mindset from storing using traditional methods to more modern ones such as safes as one of the safest storage places for storing various valuables.

It is a very ancient method.  Earlier people were not familiar with banks or hoarding money and did not trust them.  They thought that if they keep money in bank or house, there is a possibility of losing it.  And their belief is not false either.  If you keep valuables at home, they can be stolen at any time.  And if you keep money in the bank, you may not find any trace of that money or valuable assets after the bank goes bankrupt.  So this method of theirs seemed right to them and it was also right according to their times.  But now the world has changed and people have become modern.  No more hoarding money underground.  If money is left under the ground, no profit will come from it and there is a chance that rats will eat it.  Those who are familiar with the digital age must invest money somewhere trustworthy and earn profits from it.  I would say invest the money in BTC rather than keeping it underground or precariously in the bank.  Investing here will keep your money safe and you will also get profit from it.

What makes you sure and dare to say that investing in bitcoin will be safe and profitable for everyone who invests in it?

Risks related to bitcoin such as losing the seed phrase, being attacked by hackers... everything has risks, including bitcoin. Not to mention, what is the evidence that bitcoin will continue to increase in price in the future and not collapse? Neither you nor I have any evidence to prove it, the only thing we have is a strong belief in it.

I am not against investing in bitcoin because I am also investing in it but there is no need to badmouth all other assets and exaggerate about bitcoin. Each method and each asset has its pros and cons, everyone should research and choose whichever method they think is safe for them.

Frankly, any method will have pros and cons. We can't judge it as unsafe just because it's an old method. I see some people criticizing this as an outdated and unreliable method but the mistake they made was ignoring the results that OP's grandmother achieved.
That's why I often say that everything has pros and cons, it doesn't matter what method we use to protect our assets and there is no need to imitate others. Use the method we feel is best for us without taking anyone's word for it as there is no guarantee that they will do a better job than us in keeping their assets safe.

I would say it will only be safe if you actually own that piece of land so you have the full control on it. Otherwise, others will benefit it in the end and may lose all your investments. Also, if the location is not prone to flood or any other natural phenomena, then your hidden treasures will be safe enough. But make sure that you have someone that you also trusted that is aware of your hidden money and gold, so that when sudden loss or death will happen, at least that hidden money and gold will still be found by your family.

As safe, if not even more dangerous as keeping it under your bedsheets I guess?

I mean, these things corrode and fade away over time, do you really expect them to retain their quality for decades after putting them under dirt and soil, possibly exposing them to the elements at the same time? And any burglar with a metal detector who vaguely knows you got something hidden under your backyard's soil?

Plus in the case with the Philippines where the denominations of money change as fast as a girl changes her mind, you really can't reliably put money in piggy banks like that cause the next thing you know, the money you have saved up for years is already obsolete, and you can't even use it to buy some shit, exchanging it in the central bank is more trouble than it's worth, and you're left with a pail of paper and coins that you can't even use to buy stuff you want.

So yeah, much better if you would put it to a bank or something, or perhaps even resort to ETFs if you want to invest in gold and other precious metals, it's pretty much the same thing but without the fear of losing it to some hacker, thief, or the acts of god and nature. 

All humanity has been using this technology since ancient times. :) At all times, people hid wealth in the ground: from pirates and wealthy merchants to ordinary citizens.

Until recently (before the widespread use of metal detectors), this strategy was quite workable, because even after centuries, wealth that was previously buried by someone is now being found. If no one has found these “pits” over these long periods, then this is a safe method of storage.

In any case, this method is safer than storing it at home and certainly better than storing it in a bank or other third parties.

The only thing, unlike your grandmother, I would not recommend turning to this “safe deposit box” again in order to avoid compromising the place. Treasures are used for long-term storage.

Fairly safe, but a number of precautions need to be taken. If you bury precious metals, you should make sure that the metal detector doesn't react to this burial of wealth (complicate detection by the depth of the hole or extraneous interference, objects absorbing the detector signal).

In my opinion the right solution is to store money and gold in a safe that has been hidden in your room or it is recommended to open the basement to store the safe, I think this solution is better than storing assets in an open piece of land and if you tell anyone about your assets then they have the opportunity to dig it up and steal it even though you trust it more than anything. However, never save assets in the form of money because of the influence of inflation which causes the value of the currency to fall and saving gold is highly recommended because the price of gold has increased significantly in the last few months.

To be fair if you store your money even in a bank it would still continually lose value. The only advantage is that at least in a bank you can easily get it when needed compared to having to dug up dirt and soil first in cases of emergency.
Storing money into any valuable investment is always the key and best option, in my opinion.

Although the topic seems interesting like a fairy tale, I think it would not be appropriate to do such a thing in the context of today. Since keeping money in the bank does not seem safe from the point of view of many and it is not possible to explain the good results of investing in cryptocurrency, I am expressing my opinion that using the money to buy land will be a good decision. A bank is one of the safest means of saving money. Nowadays, due to the expansion of the banking sector in all parts of the world, anyone can safely deposit their savings in the bank. But in my opinion it would be very wise to invest it in productive work instead of saving.

Yeah, I know that kind of technique before and my late grandparent are also doing that, they believe that this method is more secured, especially back then when saving money in the bank was not very trendy, but if we do that in today's time, it seems vague because it is too modern and high-tech today,  most people are using online banking and digital wallets because people's payment methods are gradually changing, others are actually cashless. If you are asking me if i would do the same? my answer is No, because I'm living in this modern day and I need to keep up with what is the normal things to do in this time.

The scheme is the same as treasure and indeed seeing some old people including my grandfather have done that by keeping some valuables buried like this in his past but maybe for now I think it is still a 50/50 thing to do and if it was me now then I most likely would not do that.

Although this method is still quite effective but I think it is too conservative because nowadays if we are talking about gold or other valuables that we want to store then it is possible that there are more modern ways where there are safes and some storage that can still be used as an option.
But that way is also not a bad way if you really want to do it, it's just that we have to be prepared to lose and consider some of the worst possibilities, especially in some areas there may still be treasure seekers with digital detector seekers who could be an obstacle if they are buried in any place or maybe a place that does not belong to us and is not monitored by us so that this must also be well thought out.

I knew this strategy because I used to see it on the news and the movies.

I don't think it is safe nowadays. I'm not scientist or good in science but there's something with possibility that materials that can corrode the soil and whatever is in it.

It's safer to keep your money wherever you are comfortable with or with the vaults or safes but not underground on the soil. And you don't have to go that far, you're in the Bitcoin forum, convert that fiat into BTC.  ;)

While it's a good strategy that has worked for your mother, I won't be advising anyone to adopt such a strategy cause why would I be burying dollar when they are so many apps and institutions that can help me hold my money without issue and even better I save them in crypto and put them in safe wallet and forget it or only trade whej necessary.

But I won't abolish such a strategy and I've seen in some movies how effective it is when you need to hide weapons or thigns that you don't want to hide at home or draw attention to, like my grand dad is a retired military man and has several guns that he didn't submit after the biafra war and he normally has a hole that he dug to put those weapons and only brings them out to clean or when he want to have fun hunting, so yeah I think using this method in a time of war where maybe the world is in a mess might be good.

Apocalyptic strategy   ;D ;D

It's a strategy, but not necessarily a very good one. It can have all sorts of unintended problems. Gold is relatively safe to store in that condition, however dollars could rot away if moisture gets in there over time. Depending on where it's buried, it could be vulnerable to theft much easier than if it's in a storage locker or bank. It only takes one person finding out by accident for you to lose a large sum of money and good luck ever getting it back - if your bank account is emptied you have a paper trail. Also, if she was to pass away it will likely be lost and possibly forever.

It worked for old people, they have done it many times before, like my grand mother, unfortunately when she died we can't figure out where she hide her starsh of money and even if we find it today it won't worth anything anymore, because the country's currency have been changed like twice now.

I won't advice anyone to keep money in a hidden area in your home or some underground, they are safer in the bank, but gold is gold, you can keep it anywhere that you feel its safe, just make sure that no one knows or else treasure hunters will come hunting.

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I don't like physical money, gold and others, I don't want them around me, there is no way the information won't leak someday, maybe even through your children and it could cause problem within them too, I pray that may we not give birth to children that will become greedy, I am satisfied with having bitcoin only.

You can keep your gold underground as it is somehow a safe way of hiding it from theft. It didn't start today it has been a long time process of storing things. Gold can survive the round without getting damaged but paper money. Of course, it may be eaten by land insects underground or turn into moist itself.

Of course the old method doesn't dies. I believe its more safer than the digital way of serving money. Because there are lots of scams and money theft happening in this internet era. Bck in the old days it was difficult to hear news of scam. The only way to steal from someone back then is by going to the house to threaten them. While now its simple you.

The storage method used depends on the era, people who lived in ancient times before the advent of technology considered the underground storage method to be one of the most effective. The situation at that time was less conducive due to the less dense population in the villages and the lack of electricity facilities, making them feel anxious about keeping money and gold at home.
The storage methods used by people at that time were not completely wrong, before deciding to store their assets underground, they had first considered where the safest place was. We never know what kind of protectors people used at that time to prevent earthworms and other insects from destroying their money. One thing they believe is that saving money in land can give them comfort because they can avoid the evil intentions of other people.

this method was often used by people in the past, where they usually kept their valuables underground. and as far as i remember, my grandmother also did something like that, where she kept her gold underground around her house, but after she got older and sicker she kept the gold in the bank with her heirs.

i think that storing valuables such as gold, etc., underground is quite safe, as long as the place is not flooded or can be found out by other people, it is a pretty good option to store valuables underground. but i personally avoid this because it is not practical and saving in the bank is also safer.

This reminds me of one topic that I learned during my engineering days in the high school. It is called indigenous technology. The concept of indigenous technology is the ability to solve problems with the technology that is known to people of that environment. The problem could be universal but every culture or nationality has their own way of serving that particular problem. The method that is being applied by your grandmother and mother could be peculiar to people in that environment as at that time. When you go to another country that could be another means they serve money and gold then. But later on the universal method of using the bank that is being controlled by the government became invoke whereby everybody willingly and forcefully has to trust the government to save their fund and other valuables. Presently wise people are looking for a way to avoid the bank and the highly centralized government and become their own banks by adopting a decentralized means of owning and managing money which is Bitcoin. So, instead of looking back to ages to adopt the methods they were using then, it could be better to look at the future to adopt the method that will be invoked in the nearest future.

Of course yes, this is the best way to save wealth in the olden days, for people don't have access to the bank easily, because they live in remote areas. I have seen when a piece of land was given to a bot by his late father as inheritance. When the boy went to the land to make use of it, during digging, he discovered a sack buried under the ground and when he opened the sack, it was filled with money that his Dad kept for him on the piece of land.

I don't consider it safest anymore, because, whoever knows that you kept your wealth buried underground will easily have access to it when you are not around. He can spy on you, and know the location or use metal detector to know the location.

Not safe at this time, especially cash because fiat depreciates and lose value overtime. So it is better to put the funds on bitcoin since it still gives you the same opportunity to be your own bank, and the value increases overtime to keep the value of your funds.

This method is very troublesome.  No one knows that natural disasters such as earthquakes, landslides and floods will occur. There is a big possibility that the assets we save using ancient methods like this could be lost instantly.  It's better to take advantage of modern methods of saving at the bank or investing.  Even though in the past some parents still used this method, in modern times like now it is highly discouraged to use this method

Yeah, this has been the strategy of many treasure keepers and that's why there's the gold rush and the era of treasure hunting. So, from the roots of it in the ground coming from the digged ones and kept and hidden back underground because people in the past have that mindset that no one will be able to find it quickly. No problem of keeping gold underground as it will still remain intact and won't rot but if it's about the fiat money, I've seen stories that they were not able to spend it anymore because they've been crumpled and eaten by worms and destroyed by the conditions of lands where it's kept. Despite they're kept on a safe box, temperature and heat conditions on that box will deform the money or any objects that don't have a strong heat/cold resistance.

Just don't forget where the hole is because that would really mean you lost the gold already.

Gold coins were discovered in many places even in the pirate's time when they looted every town and island they visited, those pirates spent their money every day as well to brothels and betting shops. When its time to leave because they are hunted by British Army, they also burry their gold which I guess the reason why our elders burry our gold is when they are also in a hurry and they don't want anyone seizing their gold.

Even if your money is all saved in Bitcoin, it should at least be in digital form which means that even if you have money in the bank, you should use that through cards or mobile banking apps and you should keep a lot of cash in your house because as you said, it isn't safe at all considering the era we are living in where there is always a risk of someone knowing you have money and valuable stored in your house and them robbing or stealing them as soon as they get the opportunity.

Burying the valuables might be useful in such cases but there is also a chance that the person who is burying them might get spotted and that isn't good because the one who might have seen you burying the valuables will find a time when there is no one around and will dig them out for sure.

I used to see many movies about folklore and traditional settings where such practice was very predominant and although I don't have old parents or people who still practice such, it is just to state that even such method of preserving treasure may be suseptible to rust, termites, decay and even land ownership changing hands could impact such method greatly, mostly now as development is growing in almost every areas and rural area are now fast becoming more urban with advancement in science and technology.

And that's why there goes the famous word "X marks the spot", right? It's probably because of that era where most people are treasure hunting and burried their treasures for sometime and put a sign so that they can remember it.

Those were the days where their main option is to trust no one with the wealth and burry it down. Not until the banks came where everyone can deposit gold and their important stuff. I think the people that are doing it still to this present are the old folks but with the new generation, this is no longer a thing and an option.

Yes I have also heard about this fact and in case of saving gold and money at home has maximum chances to be stolen by the thieves whereas if buried in the whole then it will be safer. Although it is very difficult to take our money from the whole and then save again and is time consuming but is safer than saving it in a bank or at home.

It is the safest technology because if unfortunately thieves come to your home then they cannot dig whole ground and they will not be familiar that you have saved your money and gold underground so it will remain safe but I don't think that home and bank are such safe sites for gold and money.

What is clear is that whatever assets we must know how to secure, how do we know about how to understand that assets provide benefits to us so that we will understand how it can run safely, because in fact all things return to themselves about what understanding they have to protect their wealth.

Whether it's bitcoin, stocks, gold, and so on about an asset can be held in the long term, it is necessary to have an understanding of how to protect it from outsiders to the assets we have, and also most people are not good at securing their wealth which makes it stolen by others, a simple example who invests in bitcoin should not store his bitcoin in the Exchange.

You need to know that no method will give you absolute safety and you need to have a backup solution for all your plans. If you intend to store assets underground like that, I think you would not be foolish to use materials such as paper or wood instead of some type of stainless steel. So, never think about rust, termites... what about transferring land ownership, don't you dig up the land and take your property and sell your land? I don't think anyone is stupid enough to no longer remember where their assets are stored or not move it before selling their house or moving somewhere else.

I have seen many people consider bitcoin, gold and money more important than their relatives, mothers, wives and children. Do you think they will easily forget their assets?

1. Yes of course as it is the traditional way or the old way to keep valuables and it's been used since the old ages.
2. This time nah because as technological advancement evolve metal detectors can find this physical wealth underground not safe anymore. Treasure hunters might find this valuables and get rid of it.
3. Not that safe if it was buried outside of your residence or property but here in my area where treasure hunters are using metal detectors it is too risky to use this technique this time not unless it was located underground inside the house.

One of the good things keeping money under the ground is that you won't be charged for bank maintaince fees and you can always get back your money whenever you want without any stress but for me I think it is risky when the process of keeping it under the ground is not done properly, being wrapped with biosynthetic material it will be as food for micro organisms that are present in the grounds.  Sometimes you never can tell things happens unexpectedly,  where you feel dug to put your money you may think nobody will get to know where the money is and surprising someone might just something very important that will lead to digging the ground which can be in the same location where the money was kept.

For me when ur comes to where is better for saving fiat the bank is considered to be the best, even if security is not 100% sure but, but it is safe to certain point.

I agree that this seems like one of the worst ways to store your money ever. I understand that if someone made their money illegally then it could be quite hard to store it in a legal way, you can't just put your money into a bank in that case, there is of course money laundering people who still do it but it's quite tough from what I understand when you check the news on how many people do not get into jail for their crime but because of their money.

However, if you earned this money legally then it doesn't make a single sense to store it this way at all, this could very well be the by far worst way to put it somewhere safe. I think it's a lot more important and a lot better way to make sure that we end up with a greater system, hence why banks were invented in the first place.

I would guess even in that situation most of them used something that could store it very well and not like this. Like for example they had some wine cases type of things where they put COINS in them, not things rats could eat, or termites. In that case, you have to go through clay first, and also eat the coins, no alive organism would do that to be fair, not because they can't but what are they going to even gain from it?

It is not in their food chain so they would ignore it. Only risk in that case would be getting it stolen, but to be fair that's true for any form of storing, doesn't matter what you do , ancient or modern, if you get it stolen then you could get it stolen. All in all, this was a horrible method for the modern era for sure.

Actually those old methods could really be still that working as of today on which if we do speak about getting stolen then it would really be just that only possible if there's someone who do knows on where you had burry those stuffs you do have but since its on the location of your own home and been put up into the ground then you would really be having that kind of confidence that it wont really be something that be stolen by other people since you are the only who do knows on where its place and on where its been that burried down. You would really be thinking up somehow on how to protect it from moisture and those potential pest or organisms that would really be tearing up or whatever you have stored on there.

When it comes to risks then its always there and there's no such thing on this world would be that 100% risk free but somehow there are methods or ways that
they do have that lesser percentage and on how to determine it? It would be always falls down into someones preference and liking. You wouldnt
really bedoing something if you arent that confident.

I know it’s working way back then, but I find it hard doing it these days. I still prefer to save a portion of it  in your trusted bank and the rest invest them so you can maximize making more money instead of letting it sleep in a bank or in an underground. However, it still depends on your choice whether to follow the traditional way of keeping your wealth or settle with the latest technology these days. As long as you can assure its safety and security 24/7 then don’t hesitate to do it.

It's pretty much a good idea I think if we didn't have the technology today, putting your money or gold underground is the best thing in my opinion since it has more advantages than its disadvantages. But if you're going to do that today I think it wasn't applicable at all since you need to consider a lot of things before even doing that, you need to consider its security if you're going to put it on the ground someone might get lucky digging it up and see your money, you also need to protect it from a lot of things that might destroy it like floods, so you need to put it to some kind of container, you need to find a good location probably it's the best if you have a some kind of backyard right? because if you're just gonna put it on public land it might be an issue.

Things are not ideal on today, it's not going to earn a good interest at least, plus the main thing I guess is it not going to be accessible compared to the traditional banks or E-wallet because you could easily access that compared to this one where you need to dig everything you needed the money unless you're going to actually store it on long term, I mean every time you want to put money you needed to dig again, its kinda hassle and risky as well if you exposed your money.

Yes that's right. Currently, there are many safest money and gold storage services because in my opinion, in the past, people used underground storage because these storage services did not exist or were even far from home, so people had the idea of storing money and gold in the ground. However, as time goes by, this method is very rarely used, especially if you live in an area prone to natural disasters, of course this method is not very suitable for storing all the assets we own.

So those of us who invest in bitcoin are lucky because saving bitcoin is very easy, you only need to save the seed phrase. As long as you keep your seed phrase, your assets will remain safe. And what's interesting is that you can carry bitcoin storage anywhere, even in your trouser pocket. It's different if you store gold, you need a container to store it and it's difficult to carry it everywhere. However, in essence it all comes down to each individual storing money and gold underground, only you yourself know whether it is safe or not because this all depends on the area where you live. If you live in the highlands, maybe this kind of storage is safe.

Bitcoin doesn't just make storage easy, it makes it powerful. A few words in your pocket, and those assets are yours, anywhere you go. That's true mobility, true security, the kind of power tech brings us. But here's the thing, that power comes with a catch: that seed phrase is EVERYTHING. Lose that, and it's lights out on your holdings

So yes, the essence is still responsibility, no matter if you're storing under the floorboards or in the cloud. You gotta be the one who protects what's yours. Being a Bitcoin holder; there's fortune in that potential, but also a whole new brand of vigilance required. It's a new system, new rules, and we either rise to meet them or get left behind

People will want there assets to be in their custody but they forget that if some assets are kept at home, it is only opening us to more risk because if information should go out about what we possess at home will invite thieves. Yeah and since the initiative of the cashless polices the government is trying to bring to the picture, is only a way to reduce the issue of rubbery. So we keeping too much cash at home will only increase the issue of rubbery.

If you want to safe money it is better to keep every valuables in banks. Thinking of digging and saving things in a hole just sounds hilarious like who does that. Not actually bad idea because there is no way there mind will go towards digging. But best advice just keep things in banks anytime you retrieve them back. Anytime.
Because if anyone mistakenly finds out that something is kept underground then it will definitely get stolen.

Money and gold are safe to keep underground here no one can easily know anything but if you know somehow and it will be very easy for thieves to dig underground and steal. But I think with the advancement of technology keeping it underground is so old fashioned that it might be safer to keep it in the bank. Thieves will not be able to easily steal anything from the bank even if they get the information. Both money and gold are valuable assets in which case it is better to store them in a good place.

Storing assets such as money, gold and so on in the house is very risky and has the potential to result in the loss of the owner's life. And no matter how safe it is to store assets in the house, thieves will still take them by force and violence so that the thief gets what he wants.
And what you need to know, there are many cases where housemaids or anyone in it, whether workers or others, when they receive information or find out that there are large amounts of assets in the house, are definitely tempted to own them. And they don't do it because they have the intention to steal, but because there is an opportunity that makes them act, some even lose their lives and cases like this often happen.
And in my opinion, nowadays most people will store assets in any form in the bank, and if there are still people who store them in the ground by burying them, that's funny and like the old days. In addition, there is a risk that these assets, especially money, become moldy, damaged, or discovered by other parties.

As far as I know, the strategy for storing wealth, like what your grandmother did, is commonly used by children and grandchildren who survived World War II. I think almost the average person in this world does the same thing, What's more, people in Vietnam, Indonesia, countries that were part of the Soviet Union and so on, especially countries that were colonized and at war.

This kind of strategy was very safe to do at that time, this can be proven from the discovery of treasures all over the world, especially war-based countries, but nowadays with sophisticated technology and money storage places that have been created to be anti-robbery, like a safe, I think nowadays it's not a good idea to dig up the ground and store our wealth in it, maybe in that era, yes, it could be an effective idea for security.

My understanding is that there are times when ideas like that are safe from negative actions, maybe we have to adjust the conditions and circumstances in the method of storing assets safely.

This is quite a good strategy if you solely own the lot, but if you are renting in a place like me, I don’t think that will possibly work for me. I’d rather save a little portion of my wealth and invest the remaining amount. But to be honest, if our ancestors have survived for long term doing this kind of thing, I guess that would still be applicable these days. When you really want to do it, you should find a way to make it happen, even if it means digging a small hole in your own rented land without the awareness of other people around.

If we do tend to compare it out on a safe then its really that something that more better than on digging up into the ground on which you dont really know whether it wont really be rotten or would really be exposed to moisture or any other elements on which it would really be able to affect it out considering on storing up some with fiat which we know that this could potentially be teared or could be wet or something but still this is something
that be effective and much sure that there are still to those people who would really be that making use of this kind of storing up their assets or whatsoever that they would be tending to hide on but we do know
that it would be much more confident that we would be storing into those known storage which is something more safer and you could really be able to access it out easily without digging up a hole.  :D

Yes I’m well aware of this method of saving money. Before people started trusting banks, this was the normal practice of the day. Aside from the burial method, people also hid their money in the roofs of their homes. These practices stopped with time because it turned out that it was not as safe as they thought. In that era, it was general knowledge that people either hid moneys in their backyard, farms or rooftops so robbers knew that the money was always close to home and this puts you at risk.

Also this method of saving money requires you to keep the location a secret which makes it difficult for people to transfer their wealth to their next of kin. In cases of untimely death, the treasures are usually lost to the family, without clues or a map the family has little chance of finding the money so it becomes a treasure hunt. The problem with a treasure hunt is that the news travel fast and you end up not being the only one looking for it. And because there is no system put in place to oversee the transfer of wealth, it becomes a case of finders keepers.

Many here hate the bank but that's what the banks are for, to keep our money on their possession and that's their job to maintain its posture and safety. The same goes for gold and we're no longer living in the old times. I'd do this just to give my offspring an idea that this is how people in the past do it, but I'd personally recommend it to keep it on the banks if the main purpose is to save. Anyway, the better choice is to invest the cash which I'd suggest more.

My grandmother is the same as yours she bury thier money in a hole or sometimes she put is in a piggy bank to save it, i believe that it was a good way of saving, but for now only few will do this kind of saving because there are a lot of bank to put savings, you can deposit your money anytime of the day and it is safe and insured there, the next way to save is through crypto you can save it by buying and holding crypto or invest it to multiply your saving for good.

That was what they had to use, that's what they had, they didn't had any other option, which is why they used such a system and I can understand that, it makes sense, there is really nothing wrong with that. I personally believe that we are not going to end up with anything that would be crazy, we just need to realize that we can't make it work, we need to arrange a way to make sure that we know what we are doing.

I personally believe that the best way to go with this would be arranging a situation where you could put your money into somewhere actually safe, and in most of those cases the banks are the ones that you could trust, because there are very rare cases where banks can't provide you the money that you deposited them, and that rarely ever happens.

Any Parks and Rec's fan ( an NBC television show that is very popular in the United States) would know that this is a very smart idea because this is what Ron Swanson does with his gold, or does he?  :D

Truthfully , or seriously this can be a good and bad thing.  It all depends on how you do this.  There are smart ways to do this, and there are dumb ways of going about this.  One thing to keep in mind, and money just "sitting on the sidelines"  means that it's just sitting stagnant and getting beat down by inflation, so that will play a large role.

I have to agree. This could be safer if you are doing the right thing, but if you are not good enough in finding method on how they’ll be safe on the underground, then it’s better not to risk your wealth hiding them in an underground. Know that there are always risks on trying to do that, and one mistake could lead to a huge loss. So try to think a hundred times if you are capable to do that, otherwise just resort on keeping your funds and your gold on a secret vault inside your house, but make sure not to keep that long but learn to invest them as well.

As far as I know, that method is still used by most people; instead of keeping it in the bank, they keep it in their home, even if it is in the trunk. but not just like Op said.

And I won't be surprised why someone is still using these methods because of the bad system that the bank has. I'm not that big on the banking system either.

Yes of a Truth it's unwise to believe that saving money on plastic material because money don't need to be static were good Air is not entering even if is gold certain Air is need in moderation because rust can attack. The best in any currency most fiat is to deposit where it can be move from one hand to another from there it can be of more durable that keeping in one medium because moisture can damage it or other things.

In various countries the fiat money already contains plastic or it's "printed" on plastic and then it's not that problematic. But yes, water and mold can be an issue if it's paper and/or cotton fiber. Then, at least in Europe under certain amounts the bank deposits are "insured by the state" hence safer, plus, the small interest they bring can cover a part of what's lost by inflation.

So, no matter how much we hate the banks, the system is built in a way that they are best suited for keeping the fiat money, not some random holes in the ground.

Holding gold and hiding gold underground can be quite safe as the price of gold also increases over time so it can be a good investment asset. But even if you keep the money underground or in any safe place, the value of your money will decrease over time. Because the inflation rate of rupees is 5-12% every year. as a result, no matter how safe you keep your money, you will lose here. So you should always convert your money into a strong asset and keep it safe that may be underground too

More over this is digital era, you need good credit score if you need a loan for that maintaining good bank balance is kind of the primary criteria and also everywhere we pay is transitioning to digital and in future we may not use physical cash at all so for the one to have bank account in this era is needed.

Not all currencies will lose purchasing power by 5%-12% like your country's. Additionally, it is not so bad that we hold some fiat because it is still the main means of payment and we can use it in emergencies.

Let's not always use the excuse of inflation and completely rule out holding some fiat, fiat is still useful and important in certain cases. What I find funny is that many people invest in bitcoin and they are obsessed with the concept of limited supply, printing money...and from there they always talk about inflation, economic crisis...but they really know nothing about how the current economy works.

I don't think it's technology, it's an old traditional way of protecting their property. Huh, thieves dig in the ground, do they know where the owner of the house keeps his belongings? In ancient times, according to them, this method was good but also had bad impacts. The good impact is that they have full control over their assets and they pay no administrative costs to safeguard their assets. The bad impact is that if they experience a flood or earthquake or landslide, it will be very difficult for them to find where they store their belongings.

Who fucking keep his money in the trunk when someone might steal it. I dont see keeping money at home as a bad idea because sometimes when you want to access your money it somehow difficult to access it because the traditional bank these days are not to be trusted since the money is being used to invest or given to organizations as loan for there business.

Yes, the bank is supposed to be a place where one can save his money at least that was the idea form the beginning before so many policies and authorities tarts coming in. If the people dont trust the bank anymore then any other options will be at their own risk.

I think instead of saving money at home it is better to save it in the bank but you have to make sure that the bank never experiences a case that harms customers, even though the negative impact is that the bank runs a loan business from customer savings, but if we are given a large share of the bank's profits maybe we will agree to choose that option rather than you having to worry if you keep money at home.

We still have many options to convert savings into assets to avoid the impact of inflation, the best option is to convert to gold, property and bitcoin investment, but you still have to have cash savings if you doubt the banking system with policies that are always changing and sometimes the policies do not improve benefit customers.

Well, if this kind of method works for others, then obviously a lot of people are still into it these days. Of course, no one will tell that they are doing that instead of saving in a bank, that will beat their own purpose. But to be honest, I am still quite more optimistic with saving your own wealth at your secret place at home rather than trusting them completely at a centralized bank. At least, no one will be aware that you have a lot of wealth of your own, except if you try to speculate them to the people close to you.

The disadvantages of saving your belongings using the traditional method of putting them underground outweighs it's advantages. While there might be no additional charges or third parties interference in the traditional method, valuables saved in the old method are subjected to devaluation. There are cases where people even forget the exact spot they hid their valuables. With all the challenges  that comes with such method of safekeeping valuables, I must say the old traditional method is outdated and it is highly not recommended as a method of saving valuables.

If one so desires a safe place to save money or gold, there are many modern means one can save and still get value from their savings. I would rather convert all my valuables to bitcoin and watch my savings appreciate in value. Technology has so advanced for was to subject ourselves to risky primitive lifestyles.

Are you serious? Burying something underground is the most basic instinct of every living being. Everyone, especially old people does that, they bury jewellery and money in the house or in the yard. This method is safe if you bury it deep under the ground where metal detectors won't be able to detect it but you have to bury it in a way that it shouldn't be noticeable for anyone that this part of the ground has been dug before.
Is it a safe method? That's very individual but I think there are way better other methods. Instead of burying money, buy a Bitcoin, get a hardware wallet, send coins to this hardware wallet and keep this wallet somewhere safe. Your buried money will become worthless over time because of inflation but your buried Bitcoins will become much more valuable because of many reasons which I am not gonna list here, that would take too long.

Your view on savings does seem wise, but if these are the only two options we can see at the moment to be able to save money, of course choosing a place like a bank as a place to save money is not wrong. Because saving money at home is not very safe if we cannot guarantee the safety of our own environment, but it would be better to look at other ways that might also be more effective as a means of saving money. Examples include placing money into property whose value tends to be stable or into gold and others.

I actually prefer this method because besides being very helpful in saving money, it can also increase the amount of money when prices such as gold, property and bitcoin start to increase. Even though everyone should have cash savings that we can look after ourselves to make life easier for us, cash is still an important consideration in life for most people.

         -    I watched a movie titled Frontier on netflix where they  entered the barracks of the syndicates, where the money was not placed underground. instead, it was hidden in the mansion house in the forest so that the police could not easily track it down.

It's literally just hidden in the house and the mansion where all the walls of the house are just behind it so much.

This method of saving money/gold underground has been a practice of old and is still applicable to most people in this generation.It might look safe and it's also risky,if your saving your money underground you'll definitely use an object to indicate that exact spot where the money was buried in that case nobody is expected to see you.I've heard stories of how people's money were achieved underground all because they were seen during the process.It's best you save your money in banks or investment.

This is not a guaranteed way to pass down wealth from the old generation to the new. Several gold stashes have been discovered not by their kino of which some are only discovered when the new owner of the house tried renovating.

The older generation are also very careful in giving away their gold stash to their sons and daughters because they have not taught them well about money. Or they're just not trusting people.

Yes, bro, in my opinion it is also not effective if we have quite large assets and we store them underground, it is better to store our assets in a large bank and if there is a deposit route, it is better to just put them in deposits because in a few years our money will continue to grow in yield. from bank interest sharing, because it is clear and profitable there, instead of having to plant it in the ground and later it will disappear by itself, if we have that kind of price, why do we have to keep it in the ground? It's better to take the path where our assets are safe and have a stable price, rather than planting it in the ground the price will not increase in value, that's why we should never plant our wealth in the ground, it's better to take a profitable path rather than a path that has no benefits.

[5/18, 8:34 PM] Sammy: The practice of saving money and gold underground was one of the methods used in the olden days to save valuables and it is also still practiced by few people in this generation mostly because they believe it is safer and more reliable than keeping their valuables in the bank. Like everything in life, there are pros and cons to this practice, one of the major pro of this method of saving is easy accessibility. In times of emergency, the money can be easily reached. Another benefit of this method of saving is you can avoid paying bank charges. A major disadvantage of the practice is inflation risk. The tide of the economy cannot be predicted so the value of money saved can depreciate over time. Another con to this practice is the interest rate, as a result of saving money and gold underground there will be no interest earned.
Although saving money and gold underground may seem safe, it is advisable to safe in a bank where there is proper security over your valuables.

     I am aware of such methods; that method is not bad to imitate, and the grandmother is also right about why she did that, and I agree with her on that matter. Actually, I even got the idea that it is better to put or save money in a plastic box because there are some of us old people who have saved money inside a scrap piggy bank like bamboo. After decades of saving, when he opened the piggy bank, the money he had saved was destroyed because insects like ants gnawed, just small insects.

    So, that means it's not safe to use wooden piggy banks, and maybe it also depends on where you keep them. You really need to be careful when hiding or saving money.

If someone does something like that, of course they don't have the idea that they can invest the assets they have or make deposits as you said, but they must first understand well what they are going to do so that they can do it well and make a profit. from what they do, choosing to plant the assets we have in the ground is not necessarily safe if we don't prepare the place well, but if we choose to keep the assets we have, of course the assets we have will never increase or decrease.

I would rather keep the valuables in a bank rather than down in the ground. But I have seen similar practices among many older people, more in the rural compared to the urban public.

This is dangerous of course, because anybody getting a hint of the same can attempt to rob that money. Houses may break down in natural calamities and that would make the valuables almost unextractable.

Most of these can be avoided by using banks because they are available close nowadays which was not the case during the times of our grandparents.

Storing wealth such as gold, silver and money in the ground is an old storage method that was often used by people who lived in a time when technology was not yet developed. They will feel more comfortable and free from all problems such as search and robbery that threaten their lives when choosing the underground storage method. Our ancestors did not carelessly store money in the ground, they would do it very carefully and ensure its safety from earthworms or the like.
As technology develops, fewer people carry out this type of storage, now it is very easy to store money and gold in a safer place compared to the method used by our ancestors. We are lucky to be able to live in an era where technology is increasingly developing because we have many options for saving money, including investing in Bitcoin.

There is quite a common theme you see with people who bury their money - they often harbor conspiratorial ideas and are not especially good with managing it. The effect of compounding is huge and is what drives many pensions to grow throughout peoples lifetimes, while they are continuously adding to it. All of that potential is wasted if your strategy for wealth accumulation is just to keep burying your money. It's not really a problem with gold, but I would always be concerned about burying notes because of all the potential ways they could get damaged underground, mostly relating to rotting and moisture damage. In general it's a very bad idea to do this.

That was ancient method of banking system so immediately they have their gold or their money they open a ground and put their money there and cover it it is they can of method of money preservative, so I want you to notice that during the ancient time I was not corruption as it is down because your money you have is with you and you have access to it attending moment in time

I am aware of this means of keeping money but it was practiced in the early 50's when there was yet no bank. Our great granny  thought it was safe to carry out such practice because there was no bank then and it was helping them but we are no longer in the 50's, in this our 21st century, there are better ways of safe keeping money and not burying them underground.

Indeed, at that time behind the bank institution was not crowded because the market share was small and not obsessed because at that time it was a solid form such as coins or gold, even though it was promising if it was made a service (seen from today). But the tradition could be because there are some countries because of genocide and land is the best medium to secure assets, although yes we agree that pests and bacteria can eat away if paper money, in the 40-50 years as identical metal money, silver, gold etc. even if storing in the wall even for alternatives. In contrast to today, whose physicality is increasingly abandoned, of course, rent for security is also with qualified technology, even though in the past with simplicity but more calm and sound sleep. ;D

As safe as it can be, burying your money isn't advisable though as that's going to introduce moisture to your paper money which would attract elements like termites and humidity that will grow mold, when those elements are introduced to the paper money, expect your millions of dollars buried underground to be gone in a few years time. Regarding gold, have you heard of the story of the miser who buried his gold but always keeps on digging it everyday and it got stolen? My point is that when you bury your gold, you will have a hard time being relaxed because you're going to get paranoid that someone might get your buried treasure.