OZschwitz: Finance crisis sees Perth safe sales boom

The global finance crisis has seen safe sales in Perth jump, as locals follow a global trend to keep their valuables within easy reach.

With market stocks plummeting, debts looming and the recent take-over of Bank West and the Home and Building Society by banking giants over east, people are increasingly turning to the storage of valuables in their own homes.

Richard Harris, owner of the MSC Safe Company in Osborne Park, said the sales of safes at his company had gone up by 40 per cent in the past month.

"Quite a few people have told us that they're storing their valuables at home," Mr Harris said. "They feel more comfortable storing (valuables) in their own homes."

Mr Harris said the safes were being purchased to store valuable goods such as jewellery, gold and cash, and have an insurance rating between $10,000 and $20,000.

"The safes they are buying aren't cheap," he said. "They're good quality and Australian-made, and are worth about $1000."

But Vince Jardine, workshop manager at Gronbek Security in Fremantle, said safe sales constantly fluctuate at different times of the year.

"Safe sales are up and down," Mr Jardine said. "Generally sales change before and after tax time."

However Mr Jardine said he did notice a recent increase in heavy duty safes, which have an insurance cash rating of at least $20,000, and are worth around $5000.

"People are making more enquiries about heavy duty safes that store gold," Mr Jardine said.

"I think they want to have access to their documents rather than give banks their money to store their valuables."

LNK

OZschwitz: Finance crisis sees Perth safe sales boom

OZschwitz: Finance crisis sees Perth safe sales boom

Anarcho-Capitalist Categorical Imperatives

AnCaps' Laissez-faire Free Trade Zone