Did that older reloader happen to mention why they stored in wood? I'd have thought that storing in a thicker metal toolbox would be ideal: less airflow in/out so slower changes in temperature and humidity, if the powder combusts, it'll likely burn out it's oxygen supply before doing any damage outside the box, and even if it did burn, the box should contain most of it (as opposed to wood, where it becomes fuel for the fire).I was told by older reloaders that your powder and primer should be stored in wooden boxes or cabinets, that's where mine reside.
But, I also know jack diddly about reloading and am looking to learn, and not eff up too much, along the way.