Why would anyone keep RM600k in cash & jewellery at home?

by Dr Rahim Said

In the wee hours of the morning, while most of us are safely cocooned in our beds, a group of masked criminals decided to make their nocturnal raid on a bungalow in a densely-populated coastal town of Selangor.

The prize? RM600,000 in cash, along with religious statues and jewellery. The heist was swift, violent, and calculated, with the thieves leaving behind a battered victim and a shaken community.

But this isn’t just a tale of cold-blooded criminals at work. It begs the question: why, in this day and age, would anyone keep such a staggering amount of cash at home?

First, let’s admit it — RM600,000 is no small sum. That’s more than enough to buy a modest house, send multiple kids to private school, or maybe fund a decent midlife crisis. And yet, there it sat, waiting to be snatched by enterprising thieves wielding machetes. So why keep such a fortune stashed under your mattress (or wherever one hides stacks of bills)?

Perhaps the first reason is an age-old one: distrust in institutions. Some still cling to the belief that their money is safest in their own hands, far from prying banks or the ever-present taxman. There’s also the occasional need for liquidity in certain businesses or practices, where large sums of cash might be required on short notice. However, this doesn’t change the fact that such wealth becomes a beacon for those who lurk in the shadows.

Imagine the implications. It’s almost as if you’re waving a neon sign that says, “Rob me, I’m loaded!” This is what happens when the paranoia of institutions outweighs the common-sense need for security. Who’s watching? Who’s lurking? And in today’s hyper-connected world, the reality is that you may not know your own neighbours, but your wealth is on display for far more discerning eyes.

And let’s not kid ourselves — RM600,000 in cash and jewellery attracts attention, not just from opportunistic thieves, but from our collective imagination. When news reports surface of such daring robberies, our minds race with questions. What else could be in that house? How did the thieves know the money was there? Is there a larger network of informants or a crime syndicate involved? For the criminally inclined, it’s not so much a question of if such houses exist, but where.

Keeping large amounts of cash at home not only makes you a target for criminals, but it also disrupts the social fabric of a community. Those who live modestly begin to feel vulnerable as well. “If they can break into the rich guy’s house, what’s stopping them from coming for me next?”

It’s a fear that ripples through the neighbourhood. Suddenly, every unfamiliar car or figure in the street is suspicious.

There’s also the psychological aftermath for the victim and the neighbourhood. A man was slashed, a family traumatised — these aren’t just statistics, they’re people who will likely never feel safe in their own home again. And what about the broader community?

With videos of the robbery now circulating, showing masked thieves scaling walls like they’re in an action movie, the threat feels real and imminent to anyone who lives in a nice house. We begin to wonder whether we should start digging that moat after all.

The issue here is larger than just the robbery itself. It’s about a society where flaunting wealth, even passively, invites danger. Shouldn’t those who have means consider the risks of keeping valuables in places more secure than their bedroom dresser?

Safe deposit boxes exist for a reason. Why, in a country with banks on every street corner, do some people still insist on playing high-stakes hide-and-seek with their fortunes?

Let’s be frank. Unless you’re a vintage mattress salesperson pushing your product for cash-storing purposes, there’s no real justification for hoarding hundreds of thousands of ringgit in your home.

It’s not just about safeguarding wealth — it’s about understanding the role we play in our own security. By making wise choices with our assets, we make our homes less attractive to the night-crawling figures who are all too eager to seize the opportunity.

Until then, the rest of us will remain glued to news reports, wondering where the next midnight raid will take place and how, exactly, such fortunes keep slipping through fingers into the hands of those bold enough to take them.

WE