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I Am Legend | CFO Lounge

I Am Legend

Thu, Oct 16, 2008

Down to Business

First off, thanks to Warner Bros for this great pic. Like Will Smith’s character in I Am Legend, one needs to be prepared in these uncertain times.

With the Dow down 733 points and Asian markets, represented by the Nikkei and Hang Sang Indexes falling 10% or more, it’s no wonder why law abiding citizens are stocking up on necessities.

Interesting story how sales of safes are going through the roof. Here is a local story I found on the issue yesterday. If you google “sales of safes”, you return no less than a few hundred news articles on the topic.

As a law abiding citizen and protector of the Second Amendment, I happen to know a thing or two about safes. So, before you run out and buy one, you should consider the following:

  1. First, determine what is going in your safe, just cash? Firearms? Jewelry? Documents? Backup tapes?
  2. Are you looking for a fire, theft or media safe? Media safes are built to withstand higher temperatures. Theft safes are only meant to deter thievery, not fire.
  3. Check fire ratings…don’t buy anything with less than 30 minute rating or your stuff is toast…literally.
  4. There is much more, but my last rule is, DON’T BE CHEAP. Skimping on a good safe could lead you to end up buying another one. Buy a good one - Browning, American Security, Cannon or Fort Knox are good brands.  Again, DON’T BE CHEAP.

This post was written by:

Chad Cohen - who has written 51 posts on CFO Lounge.


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