Friday, October 16, 2009

Insuring and protecting my assets

My bank has decided to go green. As such the new safe deposit boxes are not as secure as I would like them to be. They are also not fire-proof which doesn't bother me as much. I don't expect anything to happen to the bank any time soon.

I need to put a few things that I have in there. I have several insurance policies that I need to be able to put my hands on. I also have a few paper savings bonds and my personal papers. One thing that I don't have right now is my ingots. I'm looking at both silver and gold. Monex sells bullion or I can also buy American Eagle coins. I can put them in the box that I have or I can have Monex store them for me.

I like the idea of hedging my bets against a failing economy and I want to add metals to my portfolio. I might as well do it now while prices are low and make my profit with the rise in prices.