Safe deposit box

[nunthewiser]

um the problem with a safe at home IS ...... takes one fella with a shotty to ask you to open it for them

not saying its going to happen but it is a scenario

 

[jono1887]

If you can lift my safe out of the house, then you can have it!
It took a small crane and four men to put it in.
Don't go with the cheap ones. Get a TDR safe (torch and drill resistant). Cheaper ones are just plate steel. On a TDR safe the door alone can weight 200-300kg!

How much did that safe cost you? I'm guessing far more than 20 years lease on a safety dep box... And what could you possibly have at home that would require such a big safe? you storing bullion and diamonds at home? or just want to keep those family photos safe? :

Also on the previous post... whats stopping someone with a gun asking you politely to open the safe??

 

[investorpaul]

Im going to email them today with a few questions but I am already sold on the idea of a small safe deposit box for both security and privacy reasons.

 

[Krusty the Klown]

One other con for a home safe.

I have a fire safe for important documents which I found out during a flash flood is not air tight. Every piece of paper was ruined through water damage.

 

[jono1887]

One other con for a home safe.

I have a fire safe for important documents which I found out during a flash flood is not air tight. Every piece of paper was ruined through water damage.

How does a fireproof safe not have water proofing capabilities?? I'd go and try to burn the damn thing... if water can seep in, I'm sure heat could too probably damaging electronic equipment like hard drives and maybe even igniting paper??

 

[investorpaul]

How does a fireproof safe not have water proofing capabilities?? I'd go and try to burn the damn thing... if water can seep in, I'm sure heat could too probably damaging electronic equipment like hard drives and maybe even igniting paper??

It would suck if your house caught on fire and the fire didn't damage the contents of the safe but the fire hoses and amount of water they sprayed all over your house did.

 

[Nyden]

Im not interested in anything illegal like that.

Basically I was after a way of holding some valuables and the only people who know are those I told. Nothing sinister about that, just another form of risk management (IMO) should the S#### hit the fan.

But as already mentioned, should the sh## one day hit the fan, depending on the severity - the government may forbid you from even opening said safety deposit box, without a person of government authority overseeing the contents.

No one really gets to avoid any major catastrophe, it's why governments forbid hoarding when a disaster hits

 

[jono1887]

But as already mentioned, should the sh## one day hit the fan, depending on the severity - the government may forbid you from even opening said safety deposit box, without a person of government authority overseeing the contents.

No one really gets to avoid any major catastrophe, it's why governments forbid hoarding when a disaster hits

you can always get someone else to empty the contents for you...

 

[MrBurns]

The company who runs 11 Bridge St has no links to banks as far as I can tell.
A small safe deposit box costs $250 a year or $2500 upfront for a 35 year lease. .

Tell you what you send youre money to me and I'll look after it for nothing

Anyone who puts valuables in a safe deposit box run by a private company deserves everything they get.

 

[Nyden]

you can always get someone else to empty the contents for you...

No, I am of course referring to the days of the Great Depression, where no safety deposit box could be opened without the oversight of a member of government.

I can only assume that was the "sh##" investorpaul was referring to. Unless, of course - he's a drug baron, worried he'll one day get caught.

 

[gordon2007]

um the problem with a safe at home IS ...... takes one fella with a shotty to ask you to open it for them

True, but only takes one shot from the pistol in the safe to shoot his brains out upon opening safe!

Also, most (good quality) safes are cemented into the foundation and are also fire\heat proof to some ungodly high amount.

 

[Dowdy]

How much did that safe cost you? I'm guessing far more than 20 years lease on a safety dep box... And what could you possibly have at home that would require such a big safe? you storing bullion and diamonds at home? or just want to keep those family photos safe? :

Also on the previous post... whats stopping someone with a gun asking you politely to open the safe??

It cost me $4000+. Sure it more then a safe deposit box but i bet the safe deposit box isn't 150cm high, so in terms of size it's better value.

What i have in there? I collect coins and notes and my uncut notes are big, height wise, and it would never fit in a safe deposit box.

whats stopping someone with a gun asking you politely to open the safe??

Nothing, but what's stopping the safe deposit box company running away with your money or some guy working there break into your box one night and steal you your dough. Each of those scenarios has happened, including the one you mentioned to me but you can't live your life worrying about the unknown. You can only do so much to prepare yourself

 

[jono1887]

It cost me $4000+. Sure it more then a safe deposit box but i bet the safe deposit box isn't 150cm high, so in terms of size it's better value.

What i have in there? I collect coins and notes and my uncut notes are big, height wise, and it would never fit in a safe deposit box.



Nothing, but what's stopping the safe deposit box company running away with your money or some guy working there break into your box one night and steal you your dough. Each of those scenarios has happened, including the one you mentioned to me but you can't live your life worrying about the unknown. You can only do so much to prepare yourself

Is this what you have?? http://www.chubblockandsafe.co.nz/database_safes/chubbsafes_sh_tdr_4623.htm

 

[stocksontheblock]

The one comment I would make is that make sure you understand the Anti-Money Laundering and Counter - Terrorism Financing Rules (AML/CTF Rules).

In basic terms, whoever you store your 'goods' with must do an identity check. This check must be recorded, registered and held for quite a few years.

So even in some sort of **** hitting the fan situation, or marriage break-up someone can find out very easily through FOI that you have one. Not necessarily what you have.

 

[Dowdy]

Is this what you have?? http://www.chubblockandsafe.co.nz/database_safes/chubbsafes_sh_tdr_4623.htm

No. This is what i have http://www.premiersafes.com.au/service5.html.

First one

 

[Nyden]

No. This is what i have http://www.premiersafes.com.au/service5.html.

First one

That's a beaut, could fit at least 2 bodies in there

 

[greggy]

That's a beaut, could fit at least 2 bodies in there

Which reminds me, has anyone seen my mother-in-law lately?

 

[jono1887]

No. This is what i have http://www.premiersafes.com.au/service5.html.

First one

How hard is it to pick safes? After seeing the Italian Job.. it seems like specialist lock smiths are able to open them without too much difficulty. Is this just in movies?

 

[Krusty the Klown]

So even in some sort of **** hitting the fan situation, or marriage break-up someone can find out very easily through FOI that you have one. Not necessarily what you have.

Are you sure about that?

Doesn't FOI only work with government bodies and their documents, not private firms.

Wouldn't a company breach the Privacy Act if they released your info without your permission?

 

[jono1887]

Are you sure about that?

Doesn't FOI only work with government bodies and their documents, not private firms.

Wouldn't a company breach the Privacy Act if they released your info without your permission?

I don't think so.. courts can rule warrants that allow for the release of confidential info if it has to do with a case...