NEWS FLASH!! guns are an investment!!

[GrizzlyGuy]

Guns can be a good store of wealth. Over here, I proposed making guns the basis for a new currency to replace the dollar. That will be perfectly legal to do if Ron Paul's latest bill passes.

[audihenry]

Guns can be a good store of wealth. Over here, I proposed making guns the basis for a new currency to replace the dollar. That will be perfectly legal to do if Ron Paul's latest bill passes.

As if the gold standard weren't bad enough...

[stormy_clothing]

chances are you'll be better off is precious metals. buy a few good quality ones and plenty of ammo and you'll be alright

[Greg-Dawg]

Same with baseball cards and comic books.

[Ezekiel2000]

i bought an chinese sks in 1993 for $110 out the door i shot cases of ammo through it bumpfiring it peeing down the barrel to cool it off barely ever cleaned it

Would have been nice if you told me all of this before I bought it!!!
Now at least I understand why it smells the way it does when it warms up...
just kidding

[audihenry]

Would have been nice if you told me all of this before I bought it!!!
Now at least I understand why it smells the way it does when it warms up...
just kidding

I admit, that's pretty disgusting. Reminds me of a guy who once revealed to a music forum that he masturbated over all of his guitars' fretboards so that he'd have the last laugh in case they were stolen...

[nrvnqsrxk]

While it CAN be an investment, it's not a "good" one. Usually a good investment is where the market risk premium is 15% or above

[okimreloaded]

It's all about supply and demand. Do you think a Glock 22 brand new will be worth anything in 10 years? Maybe, but most likely it will be worth less. Do you buy pieces anticipating they will go up in value? Sure, some collectibles like the Colt Python will go up in value, only because it has collectible value, not because it is a gun. By this token, anything collectible will fit the bill, provided you know what you're buying (art, cars, coins, etc.) In fact, outside of a few runs on guns (like we saw last year), I think it would be a poor choice to invest in firearms. One of the major downsides I can see to this is that legislation can essentially destroy your entire investment.

As far as ammo, why do you expect it to go up in value? Sure, manufacturing costs will go up over time and the raw materials would cost more, but you'd be better off investing in commodities if that's your angle.

All in all, even though a lot of people made some money in the gun bubble and afterwards based on the paranoia of buyers, that's not a strong enough evidence that guns are a good investment.

Sensible point of view, highly agree. People make money in bubbles and then other people start thinking it's a GREAT idea and then the bubble pops and you've got too much gun and not enough buyer (or house, or stocks, etc)

[okimreloaded]

What I would say is guns generally hold their value for a lot longer than other things such as computers, cars, tvs, cell phones, diamonds, or actually most other consumer good. If you paid 600 out the door for a glock you could most definitely sell it for 450-500 bucks a few years down the road. My buddy spent 4k on a diamond for his gal pal, she broke it off - and he can't get any one to buy it back.

[CalNRA]

well i can tell you my little story

i bought an chinese sks in 1993 for $110 out the door i shot cases of ammo through it bumpfiring it peeing down the barrel to cool it off barely ever cleaned it

in 2004 i sold it for $300

i had lots of fun with it

did you tell this to the guy that bought it or did you advertise it as "20 rounds through it"?

[a1c]

What I would say is guns generally hold their value for a lot longer than other things such as computers, cars, tvs, cell phones, diamonds, or actually most other consumer good. If you paid 600 out the door for a glock you could most definitely sell it for 450-500 bucks a few years down the road. My buddy spent 4k on a diamond for his gal pal, she broke it off - and he can't get any one to buy it back.

If you're getting only 80 or 90% of your "investment" back "down the road", that sounds like a lousy investment. And none of the other durable goods you mentioned are good "investments" either.

Yes, diamonds are a VERY lousy investment. I hope your buddy wasn't surprised. It's common knowledge you are lucky to get 30% of the price you paid for a diamond, unless it's an exceptional vintage piece.

[joepamjohn]

well i can tell you my little story

i bought an chinese sks in 1993 for $110 out the door i shot cases of ammo through it bumpfiring it peeing down the barrel to cool it off barely ever cleaned it



in 2004 i sold it for $300

i had lots of fun with it

Let's all remember this post so when bohoki sells another one of his guns we have a good idea it's been pissed on...

[HUTCH 7.62]

I can honestly say that gun collecting is the only hobby that I have that has'nt lost me money when I decided to sell.

[bohoki]

Let's all remember this post so when bohoki sells another one of his guns we have a good idea it's been pissed on...

that was the only one and i was camping for a couple days with it and the next morning i noticed it had little rust fuzz and i realized my east german surplus ammo was corrosive i fell hype about how windex works for the ammonia and i thought hey pee has ammonia in it

i hosed it off with the melted ice water from my cooler

but if i was really mean the trap door is just the right size for holding a chiuaua poop

[JaMail]

there is def an element of luck, i bought an AB10 12 years ago for 185.00 out the door, used it once and into the closet it went, just sold it for 550.00, and sold the magazine for 30.00 as a rebuilt kit.


its a collectible, an "evil" gun in california, and if i had known it was worth anything, iw ould have sold it right after obama was electected and been able to sell it for 800.00.