Jacksonville FL. experience surge in the sale of Safes

October 22nd, 2008

I have been collecting a series of articles on home safes. See below for another. The below article is about the “run on the banks” in Jacksonville.  Notice that not many news sources are touting this!  This is very real and the FDIC is reporting having run out of money. 

JACKSONVILLE, FL — Buyouts, bailouts, and banks going bust. Everyone, it seems, is worried about whether their money is safe.

Federal data shows domestic bank deposits have dropped by 40 billion dollars over the last few months; and that has a lot more folks buying home safes. One manufacturer says it’s sold 50% more in the last month alone.

Knowell’s Safe and Lock on the Westside is having its biggest year ever. Business started picking up in May and it hasn’t stopped yet. “With the scare in the financial industry and the banking industry, banks closing down, being bought out, it’s a good fear having somebody play with your money, or you being able to watch it,” said Brett Webb at Knowell’s.

Webb’s grandfather started the business 30 years ago. Business has always been good, but now it’s really good. “It started back in May. It might have had something to do with the stimulus checks. It probably did help,” said Webb.

The best sellers are the large walk-in gun safes, even if the buyer doesn’t own a gun. “You get fire protection with a gun safe and a lot of space. Even people who don’t collect guns, you have plenty of shelf space.”

The safes are delivered and installed in homes so no one can come into your home and walk out the door with it, but the key is not to let anyone know you have a safe with valuables including cash in your home.

Home safes can cost between $200 and $3000.

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