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

[Alana Arden]

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?

[Alphakilo]

Now I want to ask everyone:
    Have any of you ever been aware of this technique before?

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.

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

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.

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

It is not safe at all. And I do not support it. Modern ways to save money is through investments in different assets.

[cabron]

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.

[jrrsparkles]

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.

[arallmuus]

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

[tsaroz]

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?

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.

[Churchillvv]

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.

[Smilevictorobinna]

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.

[bluebit25]

(...) But this is a different technique and experience for me.

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.

(...) 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?

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.

[NeuroticFish]

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

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

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

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.

[Juse14]

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..?

[Alone055]

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.

[Beparanf]

 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?

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.

[indah rezqi]

Now I want to ask everyone:
    Have any of you ever been aware of this technique before?

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.

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

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.

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

It is not safe at all. And I do not support it. Modern ways to save money is through investments in different assets.

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.

[Fiatless]

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?

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

[Queentoshi]

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

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.

[alastantiger]

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.

[iv4n]

...
 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 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.

[electronicash]

...
 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 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. 

[Sergeant Major]

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.