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

[erep]

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.

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.

[kotajikikox]

I have heard of people doing it and then just losing its value because of inflation.

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.

Gold is better in that way.

Storing money into any valuable investment is always the key and best option, in my opinion.

[MissNonFall9]

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?

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.

[angrybirdy]

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?

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.

[red4slash]

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.

[livingfree]

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

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

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 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. 

[Troytech]

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   

[Fortify]

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?

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.

[Z390]

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.
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.

[Stablexcoin]

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.

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..?

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.

[Razmirraz]

Snip.

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.

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.

[moneystery]

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.

[KingsDen]

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?

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.

[Frankolala]

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

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.

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

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.

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

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.

[radjie]

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 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

[tabas]

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.

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.

[bittraffic]

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.

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.

[Gladitorcomeback]

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.

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.

[Cryptomultiplier]

...

 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.

[tabas]

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.

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.

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.

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.

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.