Guns vs. cash

[Deputyhiro]

FWIW Back in the early 80's I purchased to AK-47's that had Select Fire (Semi and Fully Automatic), uyes I paid to get my stamps. Both were made in Russia, and I took good care of them, and truly enjoyed shooting them, once or twice a year. I sold one in 1999 and sold it for nearly 500% more than I originally paid for it. The second, I sold in 2002, just befote I moved to MN. I sold that one, for nearly 800% more than my original purchase price ( yes, I am still kicking myself for selling them). I don't really know how much inflation increased during that time frame, but I considered both of them as excellent investments.

I'm not saying this will happen with all guns, but I do feel that if you can locate a few desireable weapons, there is a high likelihood that their value will continue to grow, faster than what a bank will pay you in interest on your cash. It is true, that they could be reduced to zero resale value, but if things take a dump, like some here have suggested, you will be able to take care of your family in bad times.

Besides, you'll have fun teaching your child to shoot, and how to be self sufficient and able to defend themselves, should they need to.

Very true big dog. Even 6-7yrs ago, you could pick up a semi auto ak for a few hundred bucks. Same with an SKS. I bought a couple at cabelas in 08 or so for $80. $4-500 now. (I would never pay that for one) Still not selling.
Surplus Parts kits is another one that has grown exponentially.

[ex-LT]

probably best to talk to a financial planner, one of those that sells portfolio management and good advice (not the guy trying to sell you on American Funds, etc..). Heck the investment in a class about personal finances and investing for you that in turn allows you to create and manage a portfolio for her AND the ability to pass on the knowledge of such things could be invaluable to everyone involved.

^^^^ This. *∞

[brewerbob]

Remembe that brokers, analysts and their ilk are salesmen. They may be doing the opposite of what they tell you to do. Good example of this is GS prop trading desk. Never get into the market at a top. And the clowns screaming at you to buy the dips are the ones selling. For every buyer in the market, their is a seller. Learn what smart and dumb money is. In my opinion, this is not an investing market. If is a day traders market. Reacting quickly is impossible if you are not a day trader ($25,000 min in account). Capitol preservation is paramount.

Good luck.

[brewerbob]

Remembe that brokers, analysts and their ilk are salesmen. They may be doing the opposite of what they tell you to do. Good example of this is GS prop trading desk. Never get into the market at a top. And the clowns screaming at you to buy the dips are the ones selling. For every buyer in the market, their is a seller. Learn what smart and dumb money is. In my opinion, this is not an investing market. If is a day traders market. Reacting quickly is impossible if you are not a day trader ($25,000 min in account). Capitol preservation is paramount.

Good luck.

[Heffay]

Something tells me the OP already knows how he is going to invest as well as how to invest. This whole thread is just a humblebrag.

[yuppiejr]

... which is why it's wise not to go to a salesman for advice on what to buy. Hire an educated financial planner/manager with a solid track record who is paid on performance of your portfolio and let them do the day-trading for you.

[Deputyhiro]

Something tells me the OP already knows how he is going to invest as well as how to invest. This whole thread is just a humblebrag.

Kinda like every other topic you're wrapped up in... Everybody pillow fights back and forth, with no outcome.

[grousemaster]

Something tells me the OP already knows how he is going to invest as well as how to invest. This whole thread is just a humblebrag.

Kinda like every other topic you're wrapped up in... Everybody pillow fights back and forth, with no outcome.

Not quite. I'm 30 years old and don't pretend to be an expert on investing....I'm still paying student loans Heff....not much to brag about...aside from my charm and good looks anyway.

I gues the real question is, am I better of leaving a few grand in safe queens with the plan of selling at next panic or next ban....or sell the inventory and put into 529. I smell another gun rush when Hillary gets elected....

I am putting away a good percentage of my earnings into 401k and stocks already....have for a few years. This is just something on the side. Is it better to put cash in other places than guns...assuming diversity already.

[Deputyhiro]

I think it depends on the guns GM. We all wish we had bought 10+ AR15s before the rush, only to unload them on gunbroker for 3x the cash. I guess the gun market is like any other market. Hind sight is 20/20.
I think the plus side of investing in guns is, its not money locked away or tied up in a gold bar that does nothing for you at the time. You get to enjoy your investment while it earns.... If it earns. If not, you had fun shooting.

[grousemaster]

I think it depends on the guns GM. We all wish we had bought 10+ AR15s before the rush, only to unload them on gunbroker for 3x the cash. I guess the gun market is like any other market. Hind sight is 20/20.
I think the plus side of investing in guns is, its not money locked away or tied up in a gold bar that does nothing for you at the time. You get to enjoy your investment while it earns.... If it earns. If not, you had fun shooting.

I plan on leaving the black rifles unfired in box....and shoot the ones I already have. I told myself the same thing during last rush....I want extra black rifles on hand for the next rush.....which we know WILL COME eventually.

[goda0301]

i suggest you get into these 1919's A2 i got into a pile of them back when you could get a complete kit minus right side plate for $500. I bought more when they $1000 and again where they are now at $1400... Its money in the bank, the A6 shown here is set up to shoot 7.62x54 so its still cheap to shoot.

[Nalez]

I like the idea of gold.
I remember doing an investment/stock exercise in 1994 when I was in high school. When I did that little exercise 19 years ago; I remember gold being $397/oz. Back then; for me a high school student; I remember how cool it would be to have an ounce of gold; and what kind of investment that would be. Today that ounce would be worth $1006.00.

[jdege]

I remember doing an investment/stock exercise in 1994 when I was in high school. When I did that little exercise 19 years ago; I remember gold being $397/oz. Back then; for me a high school student; I remember how cool it would be to have an ounce of gold; and what kind of investment that would be. Today that ounce would be worth $1006.00.

I remember thinking, back in the late seventies, thinking I'd better buy some gold before it priced itself entirely out of reach.

Back then, gold was selling at around $800/ounce. Or, in 2013 dollars, $2200.

If I had bough tin, back then, at the peak of the bubble, I'd still be under water, more than thirty years later.

If your really worried about civilizational collapse, invest in:

• health and fitness
• relationships
• skills
• tools
• staples

[grousemaster]

I remember doing an investment/stock exercise in 1994 when I was in high school. When I did that little exercise 19 years ago; I remember gold being $397/oz. Back then; for me a high school student; I remember how cool it would be to have an ounce of gold; and what kind of investment that would be. Today that ounce would be worth $1006.00.

I remember thinking, back in the late seventies, thinking I'd better buy some gold before it priced itself entirely out of reach.

Back then, gold was selling at around $800/ounce. Or, in 2013 dollars, $2200.

If I had bough tin, back then, at the peak of the bubble, I'd still be under water, more than thirty years later.

If your really worried about civilizational collapse, invest in:

• health and fitness
• relationships
• skills
• tools
• staples

Um....doh k....this thread has nothing to do with the collapse of civilization, tin, or gold

But you got me curious, staples?

[yuppiejr]

I assume he means food staples (beans, rice, shortening, powdered milk and the like).... duct tape would be my choice if we're talking about materials to stick stuff to other stuff or otherwise create awesome things in non-awesome situations.

I have no idea when we turned the corner to another TEOTWAWKI circle jerk when you were just asking about Guns versus cash/investments. I guess it's one way to moisten up the hard-tack survival biscuits...