Investing in precious metals 101

Safety Deposit Box

  • Sun, Sep 28, 2014 - 10:33am

    #34
    Steveallen6641

    Steveallen6641

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    Joined: Sep 28 2014

    Posts: 1

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    Safety Deposit Box

Any tips on where to get one that cheap? When I looked into it, the cheapest option I found was $150 per year, for a box far larger than what I would need.

It's hard to quantify the value of off-site storage. Ignoring that, $25 per year in perpetuity has a present value of $600 to $1000 (depending on what inflation rate you use.) Which amount I would imagine could buy you a decent, fireproof and waterproof home safe.

I am even considering getting a tiny home safe for a few bucks just to have one place to keep important documents.