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Posted: 9:54 PM Oct 11, 2008
Safe Sales are Up
More families are choosing to stockpile cash at home
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While some cut back on fuel, others are going the old-fashion route to cut back on losses in the stock market.
They're buying safes. The nation's top safe manufacturer, Sentry-safe reports sales have gone up 50-percent during the last three weeks. Some stores report running low on stock. Managers at the East State Home Depot in Rockford say there's enough to go around, but have seen more customers inquiring about which product to buy.
"It offers some protection however it's not a full proof system. I wouldn't recommend putting all your cash money or valuables in the safe," says Home Depot Assistant Store Manager Ed Keenan.
Some financial advisers agree. They say cashing out entirely and hoarding assets is unwise. Others say that displays panic.
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