im officially curbing my gun spending - the economy

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97guns

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it finally hit me this morning laying in bed and listening to a talk radio show painting a really bleak picture of our economy and that our recession could easily fall into a depression. the automakers were the main topic and that if they dont survive that 3 million folks could potentially be out of work and that would put a HUGE burdon on the economy, it really scared me for the first time. ive got too many pieces as it is right now and so far this year ive picked up:

Sig P6
Sig P220
Dan Wesson pointman 7
Colt enhanced 1911
Remington sps tactical
Savage 12FV
AK47
2 X AR lowers
and close to $3000 in knives

im getting really close to the disclosed 97guns, so im officially going on the hook and saying that im done with this pork barrel spending.
 
it might be in the cards to build them but not right now with the current supply situation. i still need to outfit the savage with glass and new furniture.
 
I have:

1 AR
1 870Express in 12Gauge
1 Glock 9mm
1 HK USP in .45
1 M1 Garand

I plan on adding

1 Ruger 10/22 (Small Game)
1 Remington 700 .308 (Large Game)
1 Springfield XD 9mm SubCompact (For my girlfriend)
1 Springfield 1911 Loaded Fullsize

After that, I'm pretty sure I'm set. Maybe an AK or so...
 
Well, if other aspects of the economy are being hurt, by buying firearms we help the firearm industry weather the storm so that they'll be around when the calm comes back.

On that note, I'm still buying.
 
I'm still buying b/c I'm concerned that inflation and other factors (legal, supply, etc) might mean that $300 gun today might be $600 two years from now. On the other hand, it sounds like you've already got your bases covered.
 
I'm still not done while I have any $. Still have two on the queue waiting their arrival so I can pick them up. Then there is the Fun Show in a few weeks - the last before his Majesty the Obomination is Coronated.
 
laying in bed and listening to a talk radio show
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Well, there's your problem right there. That is where chicken little lives BTW, if you hadn't already noticed.

A word on the Big 3. Politicians and talking aheads are whining that if the auto companies don't get the $15 billion they are asking for (which they'd burn through in months, BTW, unless they make MAJOR changes) and declare banktrupcy, they would "colapse", "close down", etc. If declaring bankrupcy automatically meant closed doors, what would be the point? Just about every major airline has declared bankrupcy, and most of them are still around (some were bought out by other competitors). Some people lost their jobs, yes, but entire companies didn't vaporize just because they declared bankruptcy. Actually, I am one of those that think that banktrupcy could, in the long run, be a good thing for the automakers. Wipe the unsecured debt away, break the UAW and dealership contracts (GM as something like 5500 dealerships to Toyota's 1500 and they sell the same # of vehicles in the U.S.).

As for gun buying, as long as you are living within or below your means, have a rainey day fund saved up and you aren't racking up credit card debt to do it, I'd say you are doing just fine.
 
I am never done. My offspring deserve the right to a proper selection of fine weaponry, and I'm just the guy to assemble said selection. :)

Besides - my firearms have held their value better than my 401K, so it's not ALL bad spending.....
 
What? When the so called money is toliet paper and you can't buy squat, a gun, ammo, booze and tobaco are all historical trade goods, as is silver and gold hard coin.

So the idea is to save paper junk money?

I happen to have a few real old silver certificates no longer bound to law by the Gov, and i also have United States Notes, not Fedral reserve... I look at these 2 other notes every day because these are worthless, just like the laws that made them so...

And if the economy falls what will you Fedral Reserve notes be used for?

Finish the 2 guns you have now, and then consider more, as they will always be worth about what you paid, in hard times or no hard times.

Use this junk money while you still have any and while you can...

To me the economy is equal to SHTF.

All these threads and no one knows how long SHTF will be...

Well I spent more than 1,095 days thats 3 full years out living off the land ... I know what SHTF is..

No house, no bills, no mail, no nuthin.. illegal camping on fedral land and poching game to survive.
 
I just bought another pistola. I need to make it the last for a while myself. I'm gonna give it a try anyway.
 
Yeah I know what ya mean, in the last couple months I have bought:

Winchester 30/30
S&W .40VE
Remington 700 in 22-250
Skyy 9mm
and a few more....

I'm going to chill awhile to see what happens, and just reload ammo for a while.
 
Eh, go bankrupt buying guns and get your bailout from the government.






I'm kidding.
 
Bankruptcy and failure are HEALHTY for the industry. Why? They are poorly run, too wasteful, build too many cars that are too similar and of poor quality so they need to be replaced frequently. All of this has downward pressure on resale value.

As others said, other industries have declared bankruptcy and are still alive and more profitable. They trim the dead branches. Prunning is good for business.

Now with regard to buying guns. If nothing more, look at is as an investment. They aren't getting any cheaper! And if you've noticed, most people that want guns feel the same way because there is a run on guns and supplies.

Inflation could make guns better value than keeping cash, or the stock market, etc. too.

I am never done. My offspring deserve the right to a proper selection of fine weaponry, and I'm just the guy to assemble said selection.

Besides - my firearms have held their value better than my 401K, so it's not ALL bad spending.....
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+1
 
i am one of the few collectors that feels guns are a wise investment or at least a very safe vehicle for preserving capital, ive always been chastised on these boards for claiming so. ive really never lost any money selling off a piece here and there as well as any ammo that im stockpiling.

i feel that a couple of the big 3 filing bankruptcy may have larger implications to downward pressure on the economy than any other companies that have filed in the past. all the outsourcing companies for all relavant parts and pieces for the end product will be hurt very badly. if 2 of the big 3 file then their obligations of payments to these many companies will be jeopardised.
 
ARs could be really valuable if there's a ban, assuming it allows sale of those already made.
So could hi-caps. I've seen some threads from pre-2004, g20 magazines were selling for at least $80, should be more if a ban happened now.




Bankruptcy and failure are HEALHTY for the industry.
Click to expand...
2/3 of people surveyed said they wouldn't buy from a bankrupt company.

They are poorly run
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Not sure about the others, but Ford has perhaps it's best management ever, we were starting to get turned around until the credit crisis hit.

build too many cars that are too similar
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People want the same type of cars, so each company tries to get it's share of that market. Sort of like remington, ithaca, and mossberg all make similiar shotguns.

and of poor quality
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Ford now equals or beats Toyota quality. The Malibu and Fusion beat the Camry and Accord, aaccording to J.D. Power.
 
This economic situation certainly deserves some careful thought and reflection.

Let's hope the folks who have some responsibility for where we are, and where we're going, do some careful thinking ...

On the local level, I'm doing some review and revision of my own. I'm cutting back in some areas of spending, but then I'm getting ready to retire, too.

I'm getting ready to buy at least one, maybe two, more handguns. I don't need them, but I'd like to pick them up before I retire. I'd like to use up an armorer's discount for one of them, at any rate. ;)

I'm going to take that list of additional armorer tools I've been wanting to add to my collection and order them. Ditto some more spare parts. I may not be wrenching on agency weapons once I retire, but I'd like to continue to be able to repair my own and maybe do some projects I've been putting off for lack of time. Time to finally order that second "deluxe" gun safe once we decide where we're relocating, too. ;)

I'm buying fewer cigars, but better ones.

I'm buying less adult beverages, but better ones.

I just bought a high quality SUV which gets 25mpg on the freeway and approx 18mpg mixed mileage. My wife loves it and it has everything she wanted for combining our previous sedan and small pickup. Rides like a luxury car and has enough luxuries to qualify. I really would have liked to have bought a SUV from one of the Big 3, but I couldn't justify it when comparing features, reported reliability and customer satisfaction. (Hey, I have some experience with how one American company's products perform in extended LE usage, and I wanted something a bit different for my retirement. ;) ) I've almost always (one exception 33 years ago) bought American cars and trucks up until now. My last American sedan and small pickup lasted 10 years, but the quality and reliability weren't satisfying over the long haul.

I'd still like to get another small pickup of my own sometime, and perhaps a second motorcycle. I'd like a small kick-about pickup and I miss having a second, smaller bike to ride. I'd also like to have something with a little more versatility than my big cruiser when it comes to 'less developed & less civilized' roads. ;)

I'll still be pumping some money into the economy, but we're spending less for the holidays. Everybody has too much crap as it is, and increasingly less space in which to store it. I'm going to be reducing and simplifying for retirement and relocation. I don't want to add to the mess.
 
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Soon, everything that is not directly related to food and shelter will be considered a waste of money. The massive greed and spoiledness in our society is ending. All the signs of the end of an era are there to behold. McMansions for 2 people. One can pay $150 or more for a dinner in some cities. $5 coffee. etc. etc. All signs of the top of an insane era of excess. Billions of poor around the world and Wall Street continues pay billions in bonuses. The sickness is ending and the greedy will know what it is like to be poor.
 
Soon, everything that is not directly related to food and shelter will be considered a waste of money. The massive greed and spoiledness in our society is ending. All the signs of the end of an era are there to behold. McMansions for 2 people. One can pay $150 or more for a dinner in some cities. $5 coffee. etc. etc. All signs of the top of an insane era of excess. Billions of poor around the world and Wall Street continues pay billions in bonuses. The sickness is ending and the greedy will know what it is like to be poor.
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I don't think that will happen, we have America's free market. If we do become really poor, we will work at lower wages, and jobs will start coming to America instead of leaving.
 
Im setting myself up as best I can for SHTF. Ive got 25.5 acres here. I may have said it in another thread but 3 years ago I sold my house in Florida and made a 110% profit before the dropout. My friends and family thought I was crazy to move to SC because I wanted some land and wanted to scale down. Instead of buying a house down there or here and having a mortgage, I bought the 25.5 and the best MH I could find. (about half the homes where I live are MH's) I paid cash for all of it and had a barn built and put electric fence all over. Paid cash for all that too.

My wife got a great job with a company that does government work and I doubt her job will go anywhere since its a profitable 50 year old company.

Now that Im here Ive been prepping. My brother in law has a tractor and were discing up the land and getting read to plant. In the next few weeks were building the chicken coup. Doing a little more fencing and buying the goats (actually one of the reasons I moved here was because I wanted to start a goat farm). Ill likely get a few pigs too. My neighbor wants to put some cows on my land since he has less than I do and he'll share the beef.

Im working on hand pumps for the wells and I already have a small orchard I panted when I moved here with Peaches, Apples, Pears, and Figs.

Before my land was made public for sale it belonged to a winery so each year Im covered in Black berries, Grapes and Persimmons.

I plan to dig a nice sized pond and stock it by the end of next year.

As I type this my wife is on her computer looking up info on canning, preserving meats and other how to's for survival.

Yup, scalled back. I could have dumped my profit into a bigger home and had a mortgage with no land in an effort to keep up with the joneses but I cashed out so I could enjoy my last 30-40 years and not be a slave to bills and debt.

Given the economy, everyone now says the wife and I were smart where they laughed at us 3 years ago.

Granted, my business is hurting a bit because Im a one man show and folks do not have the money to repair their heat right now. Summer will be better cause people want AC. Right now they build a fire.

But, Ive bought some guns recently and tomorrow Im going to buy a rifle. Proably a Mossberg 30-06.

Sorry for the long post.
 
you think 18 MPG is high?!?!!?

In japan, they've managed to get a toyota prius to run at 116 miles per gallon!
The AVERAGE jap milage (by US measurement) is ~45
 
I have to agree with several of the other posts on this one. "If" economic chaos occurs, all the money you have and/or saved is now worthless, nothing, zero, zilch, nada. On the other hand, "all those guns" have an intinsic, tangible value that someone will want and be willing to either pay in the currency of your choice, or barter for something YOU need. If the economy makes a miraculous return to health, SO WHAT. You still have items are valuealbe and you can sell them if you need/want to.

A case in point: For years my wife has nagged and gave me crap about buying guns at guns shows and from newspaper ads because I don't "need" :barf: another gun. She did however, have a valid point. I just smiled and said, "well, because I don't have one of those" (and yes, sometimes it WAS a lie). So, my overtime and miscellaneous horsetrading deals slowly built my inventory. In August, she lost her job. Ahhhh, now all those guns I didn't "need" suddenly became a liquid asset that lots of folks wanted to aquire. Guess what, we didn't miss one meal, nor fail to pay one bill during the time it took for her to find another job (@2 months). And all those liquid assets, were not part of my core collection anyway, so I wasn't "too" upset with having to sell them. The end result, I now have almost carte blanche when it comes to buying those "little extras" that I might happen to come across.
 
Now, she "gets it". A gun and/or ammunition is NEVER totally worthless. Unlike our current currency, that we can all see slowly dying, on a daily basis. Or, at least with each new mutli-billion dollar bailout. Buy them/build them NOW, wait and see if you need them in the future. If you don't, sell them and take a nice vacation, or WHATEVER. You get my point.
 
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