IPFS News Link • Economy - Economics USA
IPFS News Link • Economy - Economics USA
In a Gallup poll last year, a record-high 36 percent of Americans said they had "very little" or "no" confidence in U.S. banks. (In 2008 and 2009, when the financial crisis was peaking, that figure stood at 22 and 29 percent, respectively.)
In an era marked by financial turbulence, it's probably not surprising
that safes have become a popular commodity, with some manufacturers,
retailers and installers reporting sales increases of as much as 40
percent from a few years ago. But the bigger eyebrow-raiser is what has
happened to those iconic gray-steel boxes of yore: They've undergone an
extreme makeover -- or several of them. Taking the place of those old
square combination jobs are a range of custom safes, from boutique
showpieces to decoy models for the family den -- not to mention the
truly offbeat (a hideaway lockbox resembling, ahem, a pair of men's
underwear) and the seriously safe (an in-home vault with a price tag of
more than $100,000). And that's not even getting into the
ever-broadening array of color choices (champagne marble, anyone?) "None
of our safes should be hidden in a closet," says Markus Dottling,
principal at Dottling, a German specialty-safe manufacturer whose
museum-worthy designs can cost more than the average American house.
1 Comments in Response to More Americans Stashing Cash in Home Safes
Hopefully after a few months worth of survival cash the rest is in silver and gold. A lot of cash will get killed by inflation. I can't believe people don't trust the banksters, after all they pretty much work for and with the governments.