Would I ever get into a position where I owned hundreds of guns, but didn't have $3k cash to my name? Absolutely not.
yeah I was just curious as to what they were, I'm aware of the high end shotgun market even though I only played in the knockabout sandbox.Easy enough to do. A friend sold two shotguns to buy a different one which was inn excess of $20K. High-end stuff moves quickly if it is desirable and hard to obtain. Super rich folks are buying collectible art masterpieces and the like as a hedge against currency defaults and banks crashes
No, my gun collection is just that, my gun collection and money in the bank is just that, money in the bank. Brandy and Biscuit's veterinary care comes out of household money. If I applied your friends logic I should convert all our savings and investments to guns?A friend of mine is a devout collector of firearms. He owns 100s of guns. Recently his best friend, a dog named Sparky, needed surgery at a cost of $3,000. He went into his gun room, picked out a few items and sold them for enough money to pay for the surgery. Sparky is now happy and healthy. My friend believes that his collection is better than money in the bank. Do others use your collections in this manner?
Value is determined by what price the buyer and seller agree on nothing more. As an example,my M1 carbine cost my F-I-L exactly $17.50+ $2.50 postage to his house in 1967. It would easily fetch (if I had any inclination to sell, which I don't) between $1000-1500 on today's market. The gun hasn't changed but the market has. It has nothing to do with inflation.
A $500 gun in 8 years will be worth $400-425.
I don't know if you own your own home, but I'm guessing that you don't because you didn't mention mortgage interest deduction in your argument.You buy name brand stuff and it loses 10-15% maybe. In a private sale a person could get new value if they weren't picky about who bought it.
The way I see it, Apple stock , gold coins or mutual funds are worthless if society collapses. Paper money would be good for wiping your butt or starting fires. Guns and ammo will be priceless as well as food and drinking water.
However, while society is still functioning buying guns and ammo is about like burying money in a coffee can in your backyard. It doesn't go anywhere, but it doesn't appreciate either.
Buying a house is a terrible investment too just like cars. Unless you pay cash or buy property in an area where the value will go through the roof 20 years or so. Think about how much money in interest you pay on a mortgage. Then factor in homeowners ins. , property taxes and up keep. New roofs, painting , flooring, HVAC repairs and such dig the hole deeper. Then when you sell it the value may have appreciated 10%. So in a nutshell you get $110,000.00 for a house that sold for $100,000.00, but in the meantime you spent $125,000.00 to get there. You basically lost $115,000.00 to buy it and live the American dream.
bruno2 said:Buying a house is a terrible investment too just like cars.
A pile of money may not be as attractive as guns but it's the simplest solution, buying guns (or anything) for profit is a different game than just keeping a savings for emergencies.
Quote:
Originally Posted by oneounceload View Post
Easy enough to do. A friend sold two shotguns to buy a different one which was inn excess of $20K. High-end stuff moves quickly if it is desirable and hard to obtain. Super rich folks are buying collectible art masterpieces and the like as a hedge against currency defaults and banks crashes
yeah I was just curious as to what they were, I'm aware of the high end shotgun market even though I only played in the knockabout sandbox