We’ve had one for about a year now. Mainly guns and ammo stashed in there; a little cash. :)
Still on my to do list.
I am looking for another one myself.
I don’t think cash money is what folks are putting in safes.
Ammo is the best bet to stash there as it will double in price when Holder’s schemes to tax it by fingerprinting each bullet is done, according to Remington rep.
For various reasons, I have had to visit our bank branch and retrieve stuff out of our safety deposit box a few times this year.
Our bank is ranked high and is gaining customers.
However, there is a stack of unused safety deposit boxes in the vault/safe by the boxes.
It wasn’t that long ago there was a waiting list. A few years ago, our son and DIL wanted one and was told there was a waiting list of over a year.
On my last trip the bank manager helped me retrieve my box to get what was needed.
I asked him what happening re the stack of unrented boxes.
He said people were buying home safes and helping to pay for them by not renewing the rentals on their boxes.
Our son bought two heavy duty gun safes and bolted them down in his garage. They use the safes for his guns, her jewels, expensive reels and other items. They had a medium to large safety deposit box in their bank in their home city, and the cost per year went over $100. That was when he bought his first safe.
So what are the best safes and best places to buy them. I would like to store my guns and other stuff in them.
Might be good to buy a safe as a decoy and keep valuables disguised in plain sight.
As a solution to the current financial crisis and chaos, it is the among the most stupid solutions imagineable. Even the other real option, discussed below, is not significantly "safer."
Storing a big stack of cash in a safe will in no way prevent its devaluation due to inflation, which is the only possible result of government printing money which is essentially what the multi-trillion "stimulus" bill is doing as we speak.
Functionally, this is no different than keeping 401(k) funds where they presently are; in fact it's worse, since "cashing out" makes the tax liability on the total amount due immediately!
The alternative, buying actual metal gold or silver, would require the value to increase in the reasonable future to the original amount cashed out, plus whatever the tax penalty is for "cashing out," plus appreaciation to make up for the 30-50% of values lost; an almost impossible expectation. That's the only hope (slim as it is) to recoup without playing the current game.