Guns and gold as investment

[Plutarch]

I noted that gold went up today 2.96% , while the US Dollar also went up against other currencies. This seems to be part of a flight to safety, wherein as safety goes: Gold >> US Dollar > other currencies.

This makes me wonder about guns as in investment. When the price gold is rising out of security fears, so too must be guns. Both are hedges against hyperinflation and disorder. The gold ad says "gold is an asset that doesn't depend on anybody's promise to repay". Likewise for guns, but in addition guns are an asset that you can depend on to encourage anyone's promise to repay. ;-)

So, if a newbie is interested in investing in guns as an appreciating asset, or at least store of value, what would be the strategy? Which guns to purchase? New or used? Purchase new, and never fire? Purchase that which is likely to be banned? Please discuss!

[television is just wrong]

guns, well if obama doesn’t snag them all away from us.

[kc8ukw]

Mmmmm, gold has the advantage as an investment of being in limited supply. There is a limited amount on the planet, and what is left is harder to mine every year. The average gun is still being manufactured.

[television is just wrong]

Springfield 1911’s

[Travis McGee]

Buy all you can, while you can. Ammo too, it has a shelf life longer than yours.

Stick to common calibers, avoid oddballs and orphans. Buy with both hands. BLOAT.

[SnuffaBolshevik]

Mmmmm, gold has the advantage as an investment of being in limited supply. There is a limited amount on the planet, and what is left is harder to mine every year. The average gun is still being manufactured.

True. But I can't zap a burglar with a Kruggerand.

[kc8ukw]

Well, you gotta have your priorities!

[SnuffaBolshevik]

If I’m dead, I can’t invest in anything!

[securityman]

Do you consider .380 common? It is pretty popular these days.

[John123]

The liberals can say all they want about how horrible guns are... and all I have to do is look at my WW2 books and see the atrocities committed by U.S.S.R. and Nazi Germany to realize that denying the public access to defend themselves can get ugly... really, really fast.

And oh yeah... the very first ones that are executed are... the liberals, minorities and academics! I suppose those who have absolute power have much, much less tolerance for alternative viewpoints...

[Travis McGee]

You bet, it’s very common.

[KoRn]

Firearms, particularly those that may be deemed as being “assault weapons” are an incredible investment right now. There has never been a higher demand, and I don’t see it slowing down anytime soon, if ever.

Also, don’t forget ammunition!

Ammo, especially of the calibers that the so called “assault weapons” use is also a great investment. If you found a 1,000 round case at retail, you could immediately make a 500% profit on certain websites that do auctions, or gun shows.

If I had a substantial amount of money to invest, I’d buy and sell “assault weapons” and ammo right now. One could literally make a small fortune right now, because it’s crazy out there. I’ve never seen anything like it.

[abigailsmybaby]

How about silver instead of gold?

[!1776!]

So, if a newbie is interested in investing in guns as an appreciating asset, or at least store of value, what would be the strategy? Which guns to purchase? New or used? Purchase new, and never fire? Purchase that which is likely to be banned? Please discuss!

Won't comment on the investment quality of firearms but have a couple thoughts for you.

1. If you are looking to purchase a gun as an investment, understand that there are experts out there that know more than you and will get the best deals with the highest rates of return. Assuming a non Mad Max future, those will be the people making money long term, and my guess is the entry fee is high...

2. If you are assuming a Mad Max future, ammunition might be a better bet. A gun without ammo is nothing more than a fancy stick, and an expensive one at that.

3. If you are a newbie to firearms, please do everyone a favor and make sure you understand and practice all firearm safety and legal requirements. From the safety perspective, an NRA certified instructor is a good place to start. From the legal perspective, well there are 20,000 laws on the books, so you're on your own on that one.

4. Firearms can be an investment, but, except for those who are willing to make doing so their life's passion, they better serve as a tool. Find the right tools for your needs, manage them safely, treat them well, and these tools can last multiple lifetimes.

Good luck.

[padre35]

The US is heading to a physiocrat market in the short term.

[!1776!]

Firearms, particularly those that may be deemed as being “assault weapons” are an incredible investment right now.

These are selling well above manufacturers prices right now, so if you can get one at retail cost and turn it quick you might make money. But, if you are not an FFL - buying and selling is gonna cost you in FFL fees.

From a sad, sorry, person who wanted to purchase one, but didn't the wife's okay until after the election...

Now I can't justify paying the premium...

[smokingfrog]

Antique pistols always seem to hold their value well, and probably not as likely to be banned. Easier to store than long guns. Just the purchase of a good safe for them could be quite expensive. Plus you should have them insured. (More $$$.)

[RC one]

There's a probability that you won't be able to sell your firearms after a certain point. Once they have us all registered, the next step is to outlaw them and, since we all told the government what we have and where we live, it will be too easy for them to say, “hand them over”. If you tell them you sold them, they'll say, “you're under arrest for the illegal transfer of a firearm”. If you hand them over, you're disarmed. If you never tell them what you have in the first place, you'll be a felon subject to prosecution and imprisonment if you are caught. You'll have to bury your investment in the earth and selling them will be a black market affair (also illegal). But, you won't be disarmed. That being said, guns are a damned good investment at this time even if you aren't able to sell them. The good news is, this is still a democracy last I checked and laws can be undone. Once we're disarmed though, that will probably change you understand, hence, my belief that guns are a good investment. There will, in all likelihood, come a day when we will be glad to have them.

[KoRn]

" From a sad, sorry, person who wanted to purchase one, but didn't the wife's okay until after the election"

A good use for that income tax return. I remember the 1994 ban. You certainly want to make your move before congress even begins talking about a ban, because we will go from a craziness to a frenzy in the market after they do.

[albie]

“How about silver instead of gold”?

...silver is excellent! Far more uses than gold. Gold carries an emotional value and name.