Burying your gold, when ETFs and bank vaults just won’t do

Chad Venzke, who was profiled by Bloomberg, posted a how-to video on YouTube on how to bury gold in your backyard.

“If you don’t own it physically, in your hand and easily accessible, it’s a high percentage chance that you don’t own it,” says Venzke in his YouTube video.

The recent market turbulence and the general fear regarding the economic outlook is causing some people to cling to gold more tightly. Venzke’s video has had over 8,000 views.

Venzke asserts that recent legislation passed by the U.S. congress makes it likely that the government could declare the contents of a safety deposit box contraband, and the contents could be confiscated during a state of emergency.

“I have mine in three strategic locations that is very easy for me to get to, 3,000/oz per location,” says Venzke, who doesn’t want to have all his eggs in one basket.

“Buy a 10 foot piece of PVC piping and buy a large diameter, cut off the ends and get a hard compound glue specifically for pipes and put a cap on it and bury it three to four feet.”

2 Comments