A demagnetizer is a very useful tool if you make folders. A megnetized blade will attract all the swarf (bits of steel that are all around your shop) and can wreak havoc with your efforts to keep your knives clean.
Also, if you hand finish your blades, a demagnetizer will, again, help keep grit off your blade.
I bought one of the plug in types with an on/off switch. Works great, but, I didn't get mine from EBAY.