

The drawback to using magnets is that magnetised tools collect every bit of swarf, filings etc. which they touch. Can make cleaning tools before putting them back into a cow of a job.
I bought a few of these from harbor freight. On sale now $4. Screw that to the peg board. http://m.harborfreight.com/18-in-magnetic-tool-holder-61199.html
It's actually really strong.
Very clever idea! Thanks for sharing. I like my pegboard, but don't like when the hook comes off the pegboard with the tool.
Hi everyone. I was fed up with having my project tools in drawers and tool boxes, so I got the idea of putting a peg board in my cave.
I envy your pegboard organization. It is all very 5S'ish. Since I primarily work with metal I think the magnets are out for me.