Financial markets have been consumed with fear over the last few weeks. The anxiety is due mainly to concerns over tariffs and a potential global trade war along with mounting tensions in the Mideast and the Ukraine.
Many have taken defensive measures such as moving assets to traditionally neutral locations like Switzerland or purchasing gold and other precious metals.
Some have taken a step further by contracting to build their own physical shelters.
Building bomb shelters has seen a resurgence in recent years, driven by various factors including geopolitical tensions, natural disasters, and concerns about societal instability. People are increasingly turning to bomb shelters as a means of safeguarding themselves and their families against potential threats.
In the United States, the market for bomb and fallout shelters was valued at approximately $137 million in 2023 and is projected to grow to $175 million by 2030, reflecting a compound annual growth rate (CAGR) of 5.12% .
These shelters come in various forms, ranging from simple underground bunkers to more elaborate fortified structures equipped with supplies, ventilation systems, and even amenities for long-term survival. Some individuals opt to build their own shelters, while others turn to specialized companies that offer custom-built solutions tailored to their specific needs.
The decision to build a bomb shelter is often motivated by a desire for security and peace of mind. In an uncertain world, having a safe haven to retreat to in the event of a crisis can provide a sense of reassurance and preparedness.
Additionally, for those living in areas prone to natural disasters such as hurricanes or tornadoes, a bomb shelter can serve as a multi-purpose refuge from various threats.
However, the construction of bomb shelters also raises ethical and societal questions. Some argue that investing in personal shelters perpetuates a sense of fear and isolationism, detracting from efforts to promote cooperation and diplomacy on a global scale. Others question the practicality and cost-effectiveness of building shelters, particularly in regions where the likelihood of a nuclear attack or other catastrophic event is perceived to be low.
Despite these concerns, the trend of building bomb shelters continues to gain momentum, reflecting a growing sense of unease and uncertainty in today’s world. Whether motivated by genuine threat perceptions or simply a desire for preparedness, the decision to build a bomb shelter remains a deeply personal one, shaped by individual circumstances and beliefs about safety and security.
Personally, we view the current ups and downs of the financial markets as a buying opportunity with volatility continuing until the tariffs are sorted out. Wall Street tends to view tariffs as a consumption tax, and until there is certainty reestablished, instability in the markets seems likely to be the norm. World peace on the other hand seems a much more elusive goal. Hopefully, it’s an objective that society can get close to reaching, and these shelters can be used for kids to play in and if necessary, a natural disaster refuge.
No matter your personal perspective, however, shelters are a booming business – pun intended.
Hope you have a great week.
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