Not true. It varies a little by class of explosive but for the most part explosives are required by law to be stored in hardened, lockable magazines.
Yes, I am licensed in the proper storage and use of explosives.
Yes. Hardened, lockable magazines (and here's the important part) designed for explosive storage.
Bank vaults, gun safes, and under patio gun rooms do not fit this description. You should not store explosives in anything not designed to store explosives. When you do, you run the risk of blowing your wife through the roof over the patio, which is exactly what happened in this story.
Since you deal with explosives, you're well aware of what happens when an explosion takes place, and there are no measures in place to control it. For those not familiar, they should pay close attention to this story. Even a gun safe could be turned into a bomb by storing too much powder inside of it.