Physical storage

[rss]

Hello everyone, I was just thinking about rotating some of my future crypto profits into physical gold, what I love about crypto is the idea of self-custody, but with gold it might be a bit more difficult.

Would it be a good idea to open an LLC in a state like Delaware just for the purpose of buying a small property somewhere random in the world and keep valuables there? (it would, of course, be hidden)
Even if I will be digging a hole in the ground to bury gold, or a hardware wallet or something else, I would still like to own that piece land and make sure it's being taken care of.

What's the best way to approach this? Is an LLC enough?
I'm currently an EU citizen/resident (sucks for me right...stupi#21)

Please don't mention safety deposit boxes, thanks. 😡

 

[JohnnyDoe]

Better to dig somewhere inside a national park.

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[mytoofood]

It's become quite trendy to buy empty bunkers, both in Europe and the USA. Many of them are located inside mountains, completely inaccessible to outsiders.

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I am not a quitter, and therefore I share my sympathy with the content of this thread. thu&¤#

 

[JohnnyDoe]

mytoofood said:
It's become quite trendy to buy empty bunkers, both in Europe and the USA. Many of them are located inside mountains, completely inaccessible to outsiders.
Click to expand...

The preferred target of those explorers of abandoned/strange buildings. They are not afraid of trespassing.
You would be safer with burying the object in your own house. Pour concrete on it and you will be fine.

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[rss]

"The depth at which gold becomes undetectable when buried underground depends on several factors, including the type of metal detector being used, the soil conditions, and the size of the gold object. Generally, most modern metal detectors can detect small gold nuggets or coins up to about 20-30 cm (8-12 inches) deep, and larger gold objects (such as gold bars) can be detected at greater depths, often up to 1-2 meters (3-6 feet) under ideal conditions.

However, as the depth increases, the ability to detect gold diminishes. At depths greater than 1-2 meters, most conventional metal detectors will struggle to pick up the signal from small gold items, and even larger items may be harder to detect as the soil and other environmental factors interfere with the detector's ability to identify the target.

For deeper searches (e.g., several meters), specialized equipment such as ground-penetrating radar (GPR) or magnetometers might be required, though these tools are typically used for larger objects or for detecting anomalies in the ground rather than detecting small gold nuggets.

In short, gold buried more than a meter deep is likely to be challenging to detect with a standard metal detector, and the likelihood of detection diminishes further as the depth increases."

 

[rss]

Shovel it is then... Thanks @JohnnyDoe

 

[JohnnyDoe]

rss said:
"The depth at which gold becomes undetectable when buried underground depends on several factors, including the type of metal detector being used, the soil conditions, and the size of the gold object. Generally, most modern metal detectors can detect small gold nuggets or coins up to about 20-30 cm (8-12 inches) deep, and larger gold objects (such as gold bars) can be detected at greater depths, often up to 1-2 meters (3-6 feet) under ideal conditions.

However, as the depth increases, the ability to detect gold diminishes. At depths greater than 1-2 meters, most conventional metal detectors will struggle to pick up the signal from small gold items, and even larger items may be harder to detect as the soil and other environmental factors interfere with the detector's ability to identify the target.

For deeper searches (e.g., several meters), specialized equipment such as ground-penetrating radar (GPR) or magnetometers might be required, though these tools are typically used for larger objects or for detecting anomalies in the ground rather than detecting small gold nuggets.

In short, gold buried more than a meter deep is likely to be challenging to detect with a standard metal detector, and the likelihood of detection diminishes further as the depth increases."
Click to expand...

Yes but you also need to know where to search. People don't wander around forests with metal detectors.
But they do on beaches”¦ So many pirates chests are still waiting to be found.

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