Gun-Safe Technology is Turned into Stash Safe to Put Under Your Mattress

A Washington state company today announced the release of a new way to safely put money under mattresses by replacing box springs with a stash safe. The company is also marketing the product as a stash safe for guns, gold and other valuables.

However, the company is heavily banking on interest in a stash safe for cash during the recession. Concerns about the solvency of local and national banks are pushing people towards home stash safes.

The stash safe weighs 1,300 pounds, is fire-rated and the company claims the locks on the stash safe are the same as those used in some Pentagon buildings.

By turning your bed into a stash safe, it may be harder for thieves to find the stash safe. Experts say time is a major concern for criminals, so they would likely grab lass valuable items and run before searching under the bed for a stash safe

The stash safe inventor, John Adrain, said he wanted a safer, smaller and more concealed gun safe. "The BedBunker kills two birds with one stone -- it is hidden from view and it utilizes wasted space." he said in a company press release. Adrain said the stash safe can hold 35 rifles and 70 hand guns or large amounts of cash or gold.

To be sure, security experts and financial advisors still recommend putting money in federally insured banks rather than home stash safes. For safety reasons, a bank is still safer than any home stash safe. Also, bringing large amounts of cash home to put in the stash safe is risky.

Financially, money in a box spring stash safe obviously won't make any interest, in contrast to most savings accounts. Banks are also more convenient than home stash safes for most modern consumers.

The majority of workers are paid by check or direct deposit. The Wages Protection Act requires employers to pay in cash if requested. However, with little cash on hand at many companies, such requests can be an uphill battle.

Depositing checks and withdrawing large amounts cash is a bigger hassle than the debit cards many consumers use. Cash is also not an option for Internet transactions, which are a huge portion of all business today.

Finally, gold may be a good investment and another option for keeping in a home stash safe, but one can't easily use gold for most daily transaction.

The cheapest box spring stash safe is $2,700, so it's probably not an option for teenagers who want to hide girlie magazines under the mattress.