A vessel in a modular magnetic storage system is set forth. The vessel includes at least one magnet housing assembly configured to securely store a magnet therein. The magnet housing assembly is provided on, within a portion, or within a wall of the vessel. An interior wall of the vessel is configured to form a compartment and to selectively store at least one object therein. The magnet housing assembly is configured to hold the vessel securely in a suspended configuration through a cover provided on the magnet housing assembly. The vessel is mounted in the suspended configuration by selectively connecting the magnet to a surface.
