How safe is it to keep your money and gold underground?

[AnonBitCoiner]

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.

[bangjoe]

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.

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.

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 I see some people criticizing this as an outdated and unreliable method but the mistake they made was ignoring the results that OP's grandmother achieved.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.

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.

[Smack That Ace]

...

 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?

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.

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?

[0t3p0t]

1. Have any of you ever been aware of this technique before?

2. And do you think we can keep our savings and wealth underground by adopting this strategy and considering it the safest?

3. And that being said, how safe do you think it is? At this time?

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.

[Rockstarguy]

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?

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

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.

[el kaka22]

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.

[beerlover]

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.

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.

[Lanatsa]

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.

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.

[freedomgo]

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.

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.

[Asuspawer09]

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.

[Mame89]

And that being said, how safe do you think it is? At this time?

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.

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.

[slapper]

And that being said, how safe do you think it is? At this time?

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.

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

[RockBell]

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.

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.

[Negotiation]

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.

[bitzizzix]

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.

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.

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.

[YOSHIE]

And that being said, how safe do you think it is? At this time?

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.

[Distinctin]

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.

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.

[milewilda]

And that being said, how safe do you think it is? At this time?

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.

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. 

[SatoPrincess]

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’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.

[batang_bitcoin]

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.