Another Industry Growing Like GangbustersMichael Panznerupdated May 03, 2012TweetAt GET.com we maintain complete editorial integrity on our content & provide transparent & unbiased information. Companies don't pay us to include their products although we receive a compensation when you successfully apply to products from our partners. See how we make money here.At GET.com we maintain complete editorial integrity. In "Business is Booming," I noted that one area of the economy, the firearms industry, is growing like gangbusters. As it happens, another sector that does well when times are bad and people are worried is also seeing brisk demand for its products."More Americans Stashing Cash in Home Safes" (MarketWatch) In an era marked by financial turbulence, it’s probably not surprising that safes have become a popular commodity, with some manufacturers, retailers and installers reporting sales increases of as much as 40% from a few years ago. ... One thing that isn’t driving the safe boom, apparently, is crime. Indeed, U.S. burglary rates have been plunging for years. Still, experts say that many savers and investors feel a lingering sense of insecurity in their finances—a hard-to-shake fear borne out of the jolting recession and, at times, wobbly recovery—which is helping to spur the new safeguarding mentality. Tyler D. Nunnally, founder and CEO of Upside Risk, an Atlanta firm that researches investor psychology, says sticking tangible assets in a safe can be a natural reaction to volatility in the markets. “People dislike loss twice as much as they like gains,” he says. “They want to protect what they have.” Growing numbers of these fearful types simply don’t trust their banks to protect them: In a Gallup poll last year, a record-high 36% of Americans said they had “very little” or “no” confidence in U.S. banks. (In 2008 and 2009, when the financial crisis was peaking, that figure stood at 22% and 29%, respectively.) But, but...I thought Treasury Secretary Tim Geithner said the U.S. financial system is "significantly stronger than it was before the crisis"? Shouldn't these people be listening to clowns "experts" like Former Federal Reserve Chairman Alan Greenspan and buy "cheap" stocks instead? Editorial Disclosure: Any personal views and opinions expressed by the author in this article are the author's own and do not necessarily reflect the viewpoint of GET.com. The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author's alone, not those of the companies mentioned, and have not been reviewed, approved or otherwise endorsed by any of these entities.