Quoted from TigerLaw:
This is the only reasonable answer frankly. I don’t know anyone who keeps them at their house. I had a friend keep a large amount in a ski locker he owned, not a terrible place either but many of the same risks as a bank safety deposit box.
I agree, bank safety deposit box is best and even better in the right country, Switzerland comes to mind. There are good reasons why banks and sovereigns hold and store vast amounts of PMs in vaults...safety, collateral, diversification, protection from (and allowing) fiat debasement etc. I don't buy the argument that there isn't enough gold to go back to the sanity of a gold standard...it's at what price! Back in 2010, $7,500 an oz. would have been needed to back paper fiat but now it seems that amount of increase is needed per month! Can't have that so, demonize it and print away but meanwhile, central banks hoard it and store it? Typical do as I say, not as I do.
In the Mad Max scenario (overhyped in IMO), unless you are dirt poor with nothing, thieves will be after anything anyways (incidentally, much like now), like booze, cigarettes, drugs, food, water, transportation, slaves etc. and PMs are just part of the list (like today). Gold and silver have always been desirable as part of a system, any system.
Personally, I like quality gold producing companies, their stocks and dividends. Let them worry about the risks of holding physical. It is one of (maybe the only) stock or other (fantasy) sector that is not nose bleed overvalued and pumped full of bs and hot air. Right now quality gold producers are making massive profits and increasing their dividends at a fairly good pace. My favourite KL (Kirkland Lake) even pays a US$ denominated dividend to its Canadian listed KL holders. Extra bonus!