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Q.

Police in the US have foud a disturbing trend of Indian-American homes being targeted by burglars for Gold, which guarantees the robbers of better money, thanks to the soaring price of the precious metal, rather than traditional electronic items.There were 93 burglaries in Houston, 37 in central Illinois and several near St.Paul Minnesota. Hence its better to deposit ornaments of gold in your Bank lockers rather than keeping at your residence as we never know our Indian burglars tomorrow what they decide. Do you keep your valuables in Bank lockers especially gold ornaments?? Only when u need t

Tags: money, education, police
Asked by cyrus irani, 20 Oct '09 03:41 pm
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Answers (7)

1.

Indeed valuable piece of advice. I wish and pray that those possessing gold ornaments and other valuable articles will heed to this.
Answered by Good Citizen, 20 Oct '09 04:42 pm

 
  
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2.

Its best to keep our valuables in the Bank lockers. On the special occasions we need them we can just go to the bank, take out what we need and then again depositing them after the occasion is over.
Answered by Mitali Choudhury, 20 Oct '09 03:43 pm

 
  
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3.

Yes they should be kept in locker but may be either lack of time or being theieves too smart to burger the house on the night of the party.extra precautions are nneeded.
Answered by Ramesh Agarwal, 20 Oct '09 08:36 pm

 
  
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4.

Most of the ornaments are kept in the Bank lockers.
But during the marriage season, we are all vulnerable. If there are three marriages to attend in a month, the tendency is to keep the ornaments at home. Call it sheer laziness, but this is only realized after a robbery. And the loss is now realized, with gold touching astronomical levels.
It is this same tendency of Indians abroad. Our love for gold is our undoing today.
Answered by mohanbirsingh ghura, 20 Oct '09 06:55 pm

 
  
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5.

The first burgler to target and Indians home must have been an Indian too. Keeping gold in bank locker is safest but depositing it and removing it from the locker is dangerous.
Answered by manoj thakur, 20 Oct '09 04:08 pm

 
  
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6.

No cyrus. Aajkal Bank lockers are more vulnerable to gold theft and bank bears no responsibility to let you wail and proceed for a long litigational dual which lands you no where and gets you no profits.
Answered by nkpathak, 20 Oct '09 03:59 pm

 
  
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7.

What is the guarantee that Bank Lockers are safe. - Even they get burgled. At least in the case of jewels kept at home there is a possibility for burglary insurance. In case of theft from bank locker there is no insurance coverage. Secondly how easy is it to get a bank locker. Most of the bank claim no lockers are available. Even if they have, it gets allotted to people who come with some recommendation or the Bank manager demands a FD of 1 to 2 Lakhs for allotting a locker.(though this is not legal still this practice continues). Considering a average rental for a decent size locker works out to Rs 2000/- the net return on the FD would work out to less than 5 %. So it makes better sense to keep the jewels at home and take a burglary insurance so that in the event of a theft by way of burglary, one can at least lodge an insurance claim.
Answered by Shyam, 21 Oct '09 03:47 pm

 
  
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