Comment Re:Paper (Score 1) 30
and safe deposit boxes are not all that strong, the vault is open all day, and if someone walks into the bank waving a gun around the the staff will step aside and let them take whatever they want.
The real security of the bank is - the cops will show up in 5 to 10min and insurance will cover whatever cash disappears. That last part importantly not so for the contents of your box if that does get cleared out. Nominally bank robbers don't go for the boxes because prying them open would use to much of that 5-10 they have, to get out of there..
Ultimately its a lot of security; but I am not sure I'd want my bulk of my net worth relying on it. The FDIC/SPIC seems like a little more secure bet there.
The other thing you have to ask is does it really protect your person. If the guy with the wrench is any less than entirely convinced that you don't have a copy anywhere else, or know the information - they are still likely to beat you to death trying to get. Look at it from their prespective "I swear the only copy of that wallet information is locked up third-federal, I can't tell you anything" - "Sure buddy, let's just see if your story changes any after I take this hammer to your left hand then.."