This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Got Gold? It's Time to Invest in a Safe

If you own a Rolex watch, beloved jewelry or a baseball signed by Joe DiMaggio, you should also have a safe.

"We all have valuables, even if their value is just sentimental," says Ray Miller, a security consultant in Los Angeles. "When people buy and start using a safe, they often feel they were lucky all those years they didn't have one."

Trying to pick from the thousands of home safes on the market can be daunting. Safes, which run from $40 to more than $1,000, are designed to protect their contents from fire, theft or both. Here are some of the most common models:

Fire safes: Most people choose these types of safes because they're the cheapest. Companies make the casing of these safes by sandwiching diatomaceous earth between two sheets of metal. The material insulates the valuables and keeps them from turning into ash in a fire. These safes can withstand anything from a half hour of 1,550-degree heat to two hours at 1,850 degrees.

Special handling is required to protect film, software, tapes and other electronic media. Companies make small containers that maintain internal temperatures of less than 125 degrees to safeguard this kind of equipment. Fire safes work by releasing steam into the compartment, which keeps everything from burning, which is why it's a good idea to encase any important papers in plastic to protect them from water damage.

Burglary safes: Underwriters Laboratories tests safes to gauge their resistance to theft, and then rates them. A "TL-15" rating means it took 15 minutes for a lab technician to break into the safe. Boxes with the highest rating, "TL-30x6," protected their contents for at least 30 minutes on all sides.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs