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Monday, August 15, 2011

Booming Business Of Fear: Sales Of Safes Soar

NEW YORK (CNNMoney) -- Amid the market turmoil, sales of security safes and vaults have spiked. While some shoppers sought to protect whatever valuables they had left, others needed a place to stash their newly-acquired safe haven assets such as gold and cash.

Port Charlotte, Fla.-based Value Safes said it sold an average of $13,000 in safes a day in the past week, more than tripling its daily average of $3,500 from the previous week. On Amazon.com (AMZN, Fortune 500), SentrySafe's $170 1.2-cubic foot combination safe was among the site's biggest "movers and shakers" Friday, with sales rising 44% over the past 24 hours.

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1 comment:

lmclain said...

Don't need much of a "safe" if you have properly prepared. That safe ain't gonna do much good if someone is holding a gun to your head and demanding you open it. And if they are already in your house, who ya gonna call?