In the past, safe deposit boxes at local banks were considered a secure way to store valuable documents, jewelry, cash, and even physical precious metals. However, the changing landscape of commercial banks and recent events have shed light on the potential risks involved.
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I held a bunch of phys in a SDB, about a decade ago, thought it a good idea. That is until the divorce papers showed up. Lost everything in that box and it wasn’t because of ANY of these reasons. Good luck.
So sorry to hear that! Unfortunately, the listed reasons to not own an SDB is NOT exhaustive!
Jeff Deist is the man!
Excellent advice