Dear Money & Crisis Reader,
Last month, two thieves broke into the home of a Swedish gold dealer.
They took him hostage… beat him… shot him… and left with two duffel bags stuffed full of gold.
While fleeing the scene, they dropped 10 kg of gold bars (valued at over $43K each) to lighten their load.
The Swedish police haven’t confirmed exactly how much the thieves got away with. But I reckon they could have comfortably carried about 10–15 kg each, maybe more.
Now, as you can imagine, a Swedish gold dealer is going to have a top-of-the-line, almost uncrackable safe.
So how were the thieves able to get their hands on the gold?
They exploited the No. 1 weakness of every single security system: the human factor.
You can have the best security system in the world, with all the bells and whistles and lasers you want… But it ain’t worth a dime if they point a gun at your family and ask you for the combination.
To the gold dealer’s credit, he managed to keep his mouth shut until one of the thugs shot him in the leg.
But the truth is, once the thugs get that far, they’re either going to get what they want… or it’s going to be bloodbath.
Now, if you’re a regular reader, you’ll know that I frequently recommend buying and physically storing gold and silver in your home.
They provide excellent protection against hyperinflation. And keeping them in your home means you always have access to them… even if the banks shut their doors… or the government collapses.
But if you store gold and silver in your home, how can you make sure this doesn’t happen to you?
The Rule of One
There’s no safe or high-tech security system that can rival good old-fashioned secrecy.
Safes can be stolen. Combinations can be cracked. But if no one knows you have gold, no one is going to come looking for it.
The unbreakable lock is the one that no one knows exists. But every person you tell weakens that lock.
You might only tell folks you trust… and they could be people who would never dream of trying to steal from you… and it would still weaken your stash’s security.
Don’t believe me?
Consider this example. You tell your brother you’re storing silver for an emergency.
He swears to keep your secret and fully intends to. But over a bottle of wine he ends up letting it slip and telling his wife.
Now, his wife doesn’t have the same amount of loyalty to you. And she tells a bunch of friends.
Before long, there are people all over town talking about your stash… And it’s only a matter of time before a couple of thugs hear about it… and hatch a plan to steal it by force.
That’s why we operate by the Rule of One.
Only one person other than yourself should know about your stash.
Now, obviously, even telling one person comes with its risks.
But if, God forbid, something were to happen to you… and you wanted to leave your gold and silver to your family… someone is going to need to know where your gold is and how to access it.
Ideally, this would be a spouse or partner who has a vested interest in the safety of the stash.
You’ll need to impress upon them just how serious the need for secrecy is… and give them the means to access the stash should something happen to you.
Unfortunately for the Swedish gold dealer, secrecy of this kind wasn’t an option.
Everyone who knew him knew that buying and selling gold was his business.
That was all the information they needed. They presumed a gold dealer would have a personal stash of gold and that he would probably keep it in his home.
It sounds dumb. But they were right.
That’s why you never want to be known as “the gold guy.”
Because once you are, it’s only a matter of time before some thugs come knocking, looking to claim their piece of the pie.
Now, while secrecy is the best security system you can have, you’re still going to need to put your gold and silver somewhere safe.
We’re going to jump into that tomorrow and explore some of the best tactics for keeping your stash hidden and secure.
As always, we welcome feedback from our readers. If you agree, disagree or have any burning financial questions, you can email me right here.
All the best,
Editor, Money & Crisis
Editor’s note: The strategies you read about in Money & Crisis were developed with the help of Jim Rickards, one of the world’s foremost experts on buying gold.
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