I have one. They are strong in compression (things stacked on top) but the sides can be dented.
I don't know how cheap they are in your area but I got a second hand pre-fab concrete storm shelter that you can also use as a root celler very, very reasonable. Then no worries about the rotted metal container collapsing- or God help you slowly suffocating under the weight of all that dirt if you are in it when it caves.
In my opinion the metal container would be fine for awhile but over time it would start rotting from the outside no matter how good a job you do with the tar; then you just have a rusted collapsed tin can in the ground. Kinda like an old t-post you can push over. Good luck.
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Today's Featured Article - An Old-Time Tractor Demonstration - by Kim Pratt. Sam was born in rural Kansas in 1926. His dad was a hard-working farmer and the children worked hard everyday to help ends meet. In the rural area he grew up in, the highlight of the week was Saturday when many people took a break from their work to go to town. It was on one such Saturday in the early 1940's when Sam was 16 years old that he ended up in Dennison, Kansas to watch a demonstration of a new tractor being put on by a local dealer. It was an Allis-Chalmers tractor dealership,
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