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Author Topic: How safe is it to keep your money and gold underground?  (Read 803 times)
kentrolla
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June 01, 2024, 06:43:38 PM
 #141

I have never known or seen this way in the people around me. This is quite old fashioned in this day and age, and I think very few people keep money or gold underground. My question is, is the money taken from the ground still in its original condition? Because as far as I know, even if it is covered with plastic, the chances of it being damaged are very high, it could be eaten by insects or hit by rainwater that is absorbed into the ground.

Even if you want to keep it at home because if you keep it at a bank or something like that there will be additional costs, why not keep it in a safe-deposit box? In my opinion, it is safe to store money and gold in there.


I haven't tried it with money but other papers and cards wherein they were completely eaten off by the bacteria or insects so it would be the dumbest idea to keep the valuables under ground in this era, I think there would have been good preservence techniques which were used during olden days and most importantly the money back then were not paper money they were coins hence the would have survived.









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boyptc
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June 01, 2024, 06:52:38 PM
 #142

Coins that are put in grannies cookies box are safe. But if they're going to be cash, maybe in less than a week, they're already destroyed.

I am aware of that technique but if you're living in a crowded city and you're just renting an apartment, I'd put that on a bank.  Cheesy

And that will serve as emergency fund but if I already have one, I'd place that on Bitcoin no doubt much better and safer if the people like me knows how to keep it.

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darkangel11
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June 01, 2024, 07:43:48 PM
 #143

Coins that are put in grannies cookies box are safe. But if they're going to be cash, maybe in less than a week, they're already destroyed.

I am aware of that technique but if you're living in a crowded city and you're just renting an apartment, I'd put that on a bank.  Cheesy

And that will serve as emergency fund but if I already have one, I'd place that on Bitcoin no doubt much better and safer if the people like me knows how to keep it.

Cookie box will rust and that rust will deposit on your coins. Great idea if you want to spend some time cleaning them after you dig them out.
Also, imagine the box rusting all the way through and some of your coins getting lost deep in the dirt.
There are so many ways to store valuables other than putting them in the ground.


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boyptc
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June 01, 2024, 08:46:11 PM
 #144

Coins that are put in grannies cookies box are safe. But if they're going to be cash, maybe in less than a week, they're already destroyed.

I am aware of that technique but if you're living in a crowded city and you're just renting an apartment, I'd put that on a bank.  Cheesy

And that will serve as emergency fund but if I already have one, I'd place that on Bitcoin no doubt much better and safer if the people like me knows how to keep it.

Cookie box will rust and that rust will deposit on your coins. Great idea if you want to spend some time cleaning them after you dig them out.
Also, imagine the box rusting all the way through and some of your coins getting lost deep in the dirt.
There are so many ways to store valuables other than putting them in the ground.
The components of the coins might also rust but it won't put that much damage on it. They're sturdy.

You're right about other ways of storing our coins but others want it the old fashioned way but I won't do this.

It's true that they might get lost along the way and who knows if you're living on a land that's moving over the period of time, yes, this is possible. Lands can also move a few inches away.  Grin

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