Yeah, Stock Up On Those Precious Metals!

Guy put all his savings into metals at home, and talked about it:

http://www.theprovince.com/health/silver+stolen+from+home/4300052/story.html

$750,000 in silver stolen from home

Two robbers dressed as cops force man to give up combination to his vault

A Chilliwack man was punched, stabbed and tied up by homeinvading thieves who made off with his life savings in silver bars.

The two thugs, wearing what he described as fake police uniforms, unloaded his vault and spirited away $750,000 in silver the man had bought as an investment last year.

The 52-year-old victim, still shaken by the Feb. 9 robbery at his Imperial Street home, now wonders who among his friends or acquaintances is behind the brazen midday theft.

"Obviously, some friend, or friend of a friend, or friend of a family member was told and they leaked it to the wrong people," he said Wednesday.

Due to the circumstances, the man's name is being withheld by The Province.

The home invaders initially told the victim they were investigating a domestic assault, then said they were looking for methamphetamine in his vault. One carried a gun.

After punching him hard in the face, they forced him into providing the combination for his vault, which was stacked with what Chilliwack police describe as "several thousand ounces" of silver.

"It's the bulk of my life savings," said the man.

Silver has almost doubled in price in the past year, from $17 per ounce to just above $30.

"When I bought it in January a year ago, some people said, 'You are crazy,'" he said.

"It turns out that it really was one of the best investments I've ever made."

The man wouldn't say how much he paid for the bullion, though $750,000 in silver bullion was worth about $415,500 this time last year.

A bank refused to store the silver, he said, because it took up too much space.

He didn't insure the silver, he said, because the price to do so was astronomical.

Eddy Siu, a trader at Vancouver Bullion and Currency Exchange, said it's not uncommon for people to stash investments in silver in their houses, storage units or warehouses due to its bulk.

"It does happen," Siu said.

The suspects are white, with a medium build, in their early 30s, with dark hair and some facial hair. They may have been in a white sedan, possibly a Toyota Camry or Pontiac G6.

Anyone with information is asked to call Chilliwack RCMP at 604-792-4611 or Crime Stoppers at 1-800-222-8477.

Read more: http://www.theprovince.com/silver+stolen+from+home/4300052/story.html#ixzz1Ehlgb0cp