Reply to South Asian homes in Fairfax targeted by Latino theft ring: over $2M in stolen goods

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Reply to "South Asian homes in Fairfax targeted by Latino theft ring: over $2M in stolen goods"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If you have that much, why wouldn't you have a nice safe? [/quote]

or a safe deposit box at a bank. [/quote]

Not Asian but I think they are keeping all this cash at home (in literal physical currency or gold/jewels which can be transformed into currency) because they don't trust banks. That and its easier to fool the IRS if you're not making bank deposits especially with Biden's new $600 deposit rule.  [/quote]

you can put hard currency and gold bars in a safe deposit box. If it's a cultural thing, that's probably why they were targeted. Hopefully they were above board with their insurance companies when they took out their policies and they get it all back. [/quote]

Closures of some branches temporarily during covid showed a real downside to keeping assets in a safe deposit box. These folks already have plenty of assets in the bank. The hard currency and gold is kept as an alternative investment. They specifically do not want it in a bank.[/quote]

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