Safe Luxury

Why are people in a panic and buying safes to place their money in?

The Stock Market is not going to crash. Having a safe in your house is a sure sign of robbery and your money will not gain interest.

Public Comments

1. well you know what they always say better SAFE than sorry lol
2. because we are in a recession
3. They must not know about the FDIC.
4. well u already know the answer , u answered ur own q
5. It's just added security for some. Just one more thing they don't have to worry about. With the economy being as bad as it is, you never know.
6. Ehh..? Stick the news on...!!
7. ummmm, WHERE HAVE U BEEN! it HAS CRASHED, HAVEN'T YOU WATCHED THE NEWS..... *shakes head*
8. If it crashes we'll lose it all! They don't want this to end up being another GREAT DEPRESSION :/
9. Apparently the American people are starting to feel like this is their only alternative. Put it in a burn proof safe instead of leaving it in an institution that could crash leaving nothing at all.
10. actually the stock market is in a major crises!!!! The United States economy is starting to fall apart,now that is all the candidates running for president talk about.I am young but I understand what is going on.
11. It's simply because of flashback from the "Great Depression" People with investments, stocks, and had their finances in other areas than the cold, hard cash (i'm talking even the Banks were effected back then just like ours is now), people lost ton of money and were ended up in the streets. Hopefully it will pick up, but don't be fooled by politicians that are telling you that we can pull together, that they have a plan to pull the economy out of the dump, etc. It took the entire world to have a war (World War 2) to bring the USA out of the Great Depression. I can only see the dark, thundering clouds over the plains heading our way.
12. Well, if you're certain that the stock market is not going to crash you have nothing to worry about. For those who lived through the Great Depression, things aren't looking so good. Some people believe that history repeats itself and those are the ones who are taking their money out of the bank and hiding it in a coffee can buried in the back yard or buying cold coins. People don't want to lose everything they have worked for - no one does. Everyone chooses their own coping strategy.
13. No one can truly say the stock market is going to crash but taking your money out of a bank is stupid. You put that money there they have to give it back. This is why my money is in HSBC it is not a USA back its the Honk Kong savings bank of CHINA. LOL Also people need to learn how and where to invest their money. WE stumbled upon an investment that in quick description is a reverse pension plan. We invesed 200 bucks and will get back almost a mill. Yeah sounds weird and yes its a risk there may be a possibility to lose our money but it was only 200 bucks. We tried to get other families and friends in on it but non want to risk 200. Yeah its alot but to look at the gain its not.
14. com'n fdic/gov't same thing I don't believe what either won has to say at least w/ a safe you know you have yer $$, and I'd rather have no interest than give more to uncle sam [robbery] who has to know u have it, wake up america our gov't is not for us, you need a tv stock markets have already bottomed out [hello]