Wet paper bag or industrial safe?

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A quick post this time (I promise!)

Pop Quiz, hotshot. What's more secure:

(i) a wet paper bag holding a couple of stale tic-tacs (site requires Flash); or

(ii) an industrial-strength safe holding $1M in diamonds?

Is security a property of the object itself (wet paper versus thick steel), or of people's disposition towards it (indifference versus greedy desire)?