Guns vs. cash

[grousemaster]

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...

lol, well said....

[Heffay]

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...

It happened right here. Only took 9 posts before the train derailed!

[Kelor]

Remembe that brokers, analysts and their ilk are salesmen. They may be doing the opposite of what they tell you to do.
Good luck.

That could be one of the dumbest things I've read on this board. Nearly every financial advisor has a vested interest in their clients success. The fact that someone is a salesman has nothing to do with a lack of ethical code.

[brewerbob]

Remembe that brokers, analysts and their ilk are salesmen. They may be doing the opposite of what they tell you to do.
Good luck.

That could be one of the dumbest things I've read on this board. Nearly every financial advisor has a vested interest in their clients success. The fact that someone is a salesman has nothing to do with a lack of ethical code.

Believe what you wish. From what I've seen ove the past 35 years, no one handles my money (to the greatest possible extent)but me. Trust is something I do not give willingly. So far, that has worked.

[Kelor]

That is a hell of a lot different than your first post, which suggests they are all swindlers.

Regarding your next comment, It's not even worth me arguing whether your financial intelligence is higher than every single financial advisor. I will just take your word for it.

[grousemaster]

If he doesn't give trust willingly, how does he give it? At gun point?

[yuppiejr]

I hate to see what happens if this guy needs major surgery... "give me that scalpel, I know you're just going to rape me and steal my kidney!!! Get off my lawn!!!"

[Deputyhiro]

Ummmmmm....... Yup, this topic has officially went down the tube.

[rockcreek]

Maybe one 6920, aside from the few panics they haven't beat inflation by much. Mint condition Colt and Smith revolvers, lever action Winchesters, and US martial arms should bring a much better return on investment.

[45Badger]

Guns are hit and miss. My active collecting for last 20 years has handily beat inflation, but probably not cumulative market (S&P or Dow) returns since 1993. Ammunition has proven to be a clear winner.

I have taken a few aggressive "positions" in guns and ammo at what appeared to be no-brainer moments and turned almost triple my money in a few months. This gets rolled back into he collection. Rules of thumb-

Be a cash buyer in tough times
Don't get greedy
Buy when others are complacent, sell when they are desperate
Your first loss is your best loss- don't hang on to a pig
Bears make money, bulls make money, hogs get slaughtered
Act quickly and decisively

Folks got excited and paid stupid money for ammunition in last few months. If you had excess ammo, you should have sold. Even if you sat on .223 ammo for last 5 years and sold it for double your original cost, you made 15% annual return. Not bad for something you like and can use if you want. If you bought .223 ammo for more than .35 per round, you made a financial error. You should sell it now a a possible small loss and jump back in when it is .30/round. Just sayin......

[XDM45]

Guns are hit and miss. My active collecting for last 20 years has handily beat inflation, but probably not cumulative market (S&P or Dow) returns since 1993. Ammunition has proven to be a clear winner.

I have taken a few aggressive "positions" in guns and ammo at what appeared to be no-brainer moments and turned almost triple my money in a few months. This gets rolled back into he collection. Rules of thumb-

Be a cash buyer in tough times
Don't get greedy
Buy when others are complacent, sell when they are desperate
Your first loss is your best loss- don't hang on to a pig
Bears make money, bulls make money, hogs get slaughtered
Act quickly and decisively

Folks got excited and paid stupid money for ammunition in last few months. If you had excess ammo, you should have sold. Even if you sat on .223 ammo for last 5 years and sold it for double your original cost, you made 15% annual return. Not bad for something you like and can use if you want. If you bought .223 ammo for more than .35 per round, you made a financial error. You should sell it now a a possible small loss and jump back in when it is .30/round. Just sayin......

All good advice.

I could have made a small fortune probably on my .22LR ammo, but the thing is, I don't need the money that badly. Unless I was going to make 10x what I paid for it, it's not worth it to me to sell because I'd rather have the ammo than the money. Right now, you can't find .22LR, and if you can, it's still not near normal prices and it may not be for awhile. To some people, another $1,000-$5,000 is huge, but to me, it'd be nice, but it's not going to make a huge difference in my life.

I think the key is to sell the pick axe and not dig for gold; because whether the person you sold the axe to strikes gold or not, YOU still got paid. I think guns are a hit or miss deal, so if I were going to invest in them, I'd say ammo is where it's at, along with tools, dies, loading supplies, the consumables, the things you need to not only maintain, but make the guns. Sure, buy some well-known and always popular guns like a 629, .357, revolvers, AR-15, have parts, mags, etc for them, if you can.

[plink]

If 1911's haven't died out yet then I'm guessing they'll still be in no short supply in 20 years. Maybe special editions gain value faster than unicorn feathers. I don't know. A hi-cap ban isn't going to help their value any.

[grousemaster]

Guns are hit and miss. My active collecting for last 20 years has handily beat inflation, but probably not cumulative market (S&P or Dow) returns since 1993. Ammunition has proven to be a clear winner.

I have taken a few aggressive "positions" in guns and ammo at what appeared to be no-brainer moments and turned almost triple my money in a few months. This gets rolled back into he collection. Rules of thumb-

Be a cash buyer in tough times
Don't get greedy
Buy when others are complacent, sell when they are desperate
Your first loss is your best loss- don't hang on to a pig
Bears make money, bulls make money, hogs get slaughtered
Act quickly and decisively

Folks got excited and paid stupid money for ammunition in last few months. If you had excess ammo, you should have sold. Even if you sat on .223 ammo for last 5 years and sold it for double your original cost, you made 15% annual return. Not bad for something you like and can use if you want. If you bought .223 ammo for more than .35 per round, you made a financial error. You should sell it now a a possible small loss and jump back in when it is .30/round. Just sayin......

All good advice.

I could have made a small fortune probably on my .22LR ammo, but the thing is, I don't need the money that badly. Unless I was going to make 10x what I paid for it, it's not worth it to me to sell because I'd rather have the ammo than the money. Right now, you can't find .22LR, and if you can, it's still not near normal prices and it may not be for awhile. To some people, another $1,000-$5,000 is huge, but to me, it'd be nice, but it's not going to make a huge difference in my life.

I think the key is to sell the pick axe and not dig for gold; because whether the person you sold the axe to strikes gold or not, YOU still got paid. I think guns are a hit or miss deal, so if I were going to invest in them, I'd say ammo is where it's at, along with tools, dies, loading supplies, the consumables, the things you need to not only maintain, but make the guns. Sure, buy some well-known and always popular guns like a 629, .357, revolvers, AR-15, have parts, mags, etc for them, if you can.

Shouldn't matter if you need the money or not. Take it. It's like passing a stack of hundreds in the street because you don't need it....who couldn't use it? I did basically what Badger instructed the last year...has worked out well. I sold lots' of my ammo, some of my guns....and held on to plenty as well ; ) . I've already replaced a bunch of the ammo I sold at normal prices, so....it was a no brainer.

[Tronster]

I suggest diversify your investments:
403b (401K)
Roth IRA
Silver/Gold
Guns and Ammo

The 403b 401k pretax to maximize contributions.
Roth IRA incase of exorbinant taxation down the road.
Silver and gold if the banking investments get wiped out.
Guns and ammo if all else fails and collapses.

[connsolo]

Put it towards land or a home improvement or toss it into the s&p. As you probably know a savings account currently doesn't pay enough interest to keep up with inflation.