Quantcast
  1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

To invest in Silver Bullion or Firearms?

Discussion in 'General Gun Discussions' started by LoadAmmo, Jan 17, 2006.

Thread Status:
Not open for further replies.
  1. LoadAmmo

    LoadAmmo Member

    Joined:
    Jan 7, 2006
    Messages:
    92
    Location:
    Central Idaho
    What do you think about investing in silver bullion versus NIB firearms? What has the most potential in 10 years?

    Silver is hovering around $9 an ounce right now.
    http://www.kitco.com/charts/livesilver.html

    Peak Silver
    www.conspiracypenpal.com/columns/peak.htm

     
  2. El Tejon

    El Tejon Member

    Joined:
    Dec 24, 2002
    Messages:
    18,085
    Location:
    Lafayette, Indiana-the Ned Flanders neighbor to Il
    Silver, China will be sucking an enormous amount up over the next few years.
     
  3. benEzra

    benEzra Moderator Emeritus

    Joined:
    Dec 25, 2002
    Messages:
    8,575
    Location:
    Down East in NC
    http://news.yahoo.com/fc/world/iran

    If that happens, the price of precious metals will definitely climb.

    Things would have to get REALLY bad for gun prices to climb drastically. I'd say silver would be the better investment.

    Of course, the best course of all would be to jump in your time machine and go back to the '90's, when silver was $3/oz...looks like Warren Buffett knew what he was doing, again, when he jumped into silver big-time at that price...

    FWIW, I've read that Buffett is now getting out of dollars...I assume he knows what he's doing, and if he is onto something, and the dollar is going to decline, then silver will rise even more against the dollar.
     
  4. Rem700SD

    Rem700SD Member

    Joined:
    Dec 8, 2005
    Messages:
    541
    Location:
    South of Houston, TX
    The price of NFA weapons keep climbing, you might consider a couple M-16's in your portfolio!.
     
  5. a454me

    a454me Member

    Joined:
    Mar 16, 2003
    Messages:
    112
    Location:
    KY
    You could always buy an old musclecar , the price of some models are going crazy right now ! And like a gun you can have some fun out of it .
     
  6. boofus

    boofus Guest

    M16 and HK sears are worth far more than their weight in diamonds, gold, or plutonium.
     
  7. Omni04

    Omni04 Member

    Joined:
    Aug 17, 2004
    Messages:
    516
    Location:
    Central Kentucky
    silver guns!!!!

    but yeah, silver really seems like the way to go.
     
  8. rms/pa

    rms/pa Member

    Joined:
    Dec 30, 2002
    Messages:
    207
    guns will get you money in times of no cash on hand.

    better than money getting you guns when you NEED them immidiatly.

    rms/pa
     
  9. Thefabulousfink

    Thefabulousfink Member

    Joined:
    Dec 12, 2005
    Messages:
    1,506
    Location:
    Spokane, WA
    How will this affect the price of silver bullets? Will the Federal Government subsidise the cost of silver bullets so that the civilian population can defend itself against werewolves?

    Remember in the 2008 election to be sure of your candidate's stance on werewolf defense. :cool:
     
  10. Father Knows Best

    Father Knows Best Member

    Joined:
    Apr 14, 2005
    Messages:
    2,503
    Location:
    Minneapolis, MN, USA
    It's called "speculating", not "investing"

    You don't "invest" in precious metals, you "speculate." Don't fool yourself. Prices of precious metals are highly volatile. They always have been, and they always will be. The same goes for collectibles, including firearms and muscle cars. For every guy who makes a fair amount of money on them, there are dozens more who lose their shirts. The only sure-fire way to make money on either is to be a broker. That way you make your money both coming and going, i.e., you benefit from the volatility because you get a cut of each trade.
     
  11. JohnBT

    JohnBT Member

    Joined:
    Dec 26, 2002
    Messages:
    13,233
    Location:
    Richmond, Virginia
    I would rather own something that contributed a little to my yearly income - guns and metals in any real quantity don't do much other than take up too much space or cost me money for storage.

    Let's see, $100k of silver at $9 an ounce would fill a space the size of...dern, what's that, almost 700 pounds of silver. Maybe stamp collecting would be better.

    John
     
  12. seansean

    seansean Member

    Joined:
    Mar 20, 2005
    Messages:
    209
    Location:
    Los Angeles, CA
    I can't recommend these guys enough...
    http://goldmoney.com/

    Allocated storage, you can buy gold and silver, very cool. I found out about them a couple of years ago.
     
  13. Hairback

    Hairback Member

    Joined:
    Jan 12, 2006
    Messages:
    13
    Location:
    Northern Indiana (for now)
    This is strictly an "FYI" for investors/speculators.
    Should you decide to invest in precious metals, you should be offered the option whether or not to "take delivery" of your metal. This option is designed for businesses that use the material in production and individuals who don't know better.

    NEVER take delivery. If you do, you will never be able to sell the product on the open market without having it remelted and reassayed, which will cost you a good bit of money, plus a percent of the value, unless you are willing to discount it drastically to someone who is willing to take the risk that the product is in its original 99.999 fine condition (Gold) and will use it in production, because he can't sell it either. You might get rid of some of it at a coin shop or the like, but not enough to make a difference, and the shop will discount it too.

    I used to be both a broker and a "mover of product in the dark between countries" many years ago. Always had to remelt and reassay when I returned to the states for resale. Sometimes I made money, and some times I was just glad to make it back alive.
     
  14. f4t9r

    f4t9r Member

    Joined:
    May 27, 2005
    Messages:
    2,670
    I always heard "Go for the Gold"
     
  15. Drewcat

    Drewcat Member

    Joined:
    Sep 24, 2004
    Messages:
    25
    Location:
    Central, IL
    Started buying silver about a year ago. I'm a geologist so got intereted in the supply/demand side of the equation. I don't see that you are in much danger of losing money at these prices. Unlike stocks, at least you've got something physical so you know it won't go to zero!

    I'd disagree with Hairback on never taking delivery. I think with metals, if the top really blows off and you just have paper silver you've got a very real chance of being left with nothing. A lot more paper silver is being sold by speculators than there actually is available above ground. So if silver prices do a 1980 and people have sold contracts without the actual metal they likely won't have enough money (or it just won't be there period) to buy real silver to fulfull the contractual obligation they sold to you. In other words, you're screwed and they go bankrupt.

    I'd recommend physical at as close to spot as you can get (you can buy it all day a .70 over from places like NWT mint with NO shipping charges, .45 over if you buy 100 ounce bars). Considering it was at 7 just a few months ago and paying .70 over (7.70 oz) may have seemed like a lot, but when it's 9 today that looks pretty good. If you are not planning to buy and sell daily and are buying for longer term and not selling until the price REALLY moves you're safe with physical. If you really can't stand having physical get an allocated account with seriel numbers of the bars so you can be fairly sure they actually have the metal they are selling you!

    check out these sites for metals info.

    www.gloomdoom.com
    www.goldseek.com
    www.gold-eagle.com
    www.silverseek.com
    www.thebulliondesk.com
     
  16. TABING

    TABING Member

    Joined:
    Dec 27, 2002
    Messages:
    151
    Location:
    Tucson, AZ, Abu Dhabi, U.A.E
    I'd stick to my guns, have they ever gone down. After the Iranian revolution 1979, when the world economy was in flux and turmoil, the Hunt brothers cornered the silver market and the price went to 20$, gold $800, NIB Colt series 70s 1911s $180.00, where are they now, you do the math.
     
  17. Father Knows Best

    Father Knows Best Member

    Joined:
    Apr 14, 2005
    Messages:
    2,503
    Location:
    Minneapolis, MN, USA
    Good advice. Keep in mind that if you don't take delivery, all you're really buying is a promise from a company. If the company goes belly-up, you lose your investment. You might as well be buying stocks and bonds at that point.
     
  18. JohnBT

    JohnBT Member

    Joined:
    Dec 26, 2002
    Messages:
    13,233
    Location:
    Richmond, Virginia
    The Hunt Brothers. I got in and got out well before the crash. Those were the days. And there were a lot of collectible silver coins floating around screaming to be saved from the bullion buyers.

    John
     
  19. Drewcat

    Drewcat Member

    Joined:
    Sep 24, 2004
    Messages:
    25
    Location:
    Central, IL
    f4t9r:

    Last year silver out performed gold something like 18% to 29% respectively!

    (not to say I wouldn't keep a little gold around)



    It was the HUNT brothers who cornered the silver market in 1980 and the fundamentals look better today than they did then. ie. it could happen again!

    By the way, that is a really interesting and gun related story. The Hunt brothers decided to take delivery of huge amounts of silver (which caused the price spike because they wanted physical rather than just paper silver). Anyway, they had a big shooting contest with the local cowboys in Texas and the winners were hired as guards for the silver shipments. Look it up, it's pretty interesting.
     
  20. palerider1

    palerider1 member

    Joined:
    Dec 20, 2005
    Messages:
    341
    Location:
    upstate ny
    i think buying good quality used guns (collectable ones) is better than buying new guns. i like the 1903 springfields, wwI and WwII 45's, 1917 enfields, ect.
    anything you can buy used below current market value that increases with time is a good investment. i saw a chart on vintage 1911 45's and since 1980 they have substantially increased. you wont get that out of silver or gold, although it is good to invest in silver and gold too. its the world standard and in the event you ever needed to lets say go to another country in case of some catastrophy gold will always spend.
     
  21. bogie

    bogie Member

    Joined:
    Jan 2, 2003
    Messages:
    9,569
    Location:
    St. Louis, in the Don't Show Me state
    Maybe last year before things started climbing... Right now, I don't know. The gold bugs are riding high right now, but over time, gold and silver are just now gaining... I suspect that if one had invested $1,000 in mutual funds and $1,000 in gold, back in 1985, that you'd have a pretty fair chunka profit on the mutual fund side. And not all the much on the metals side.
     
  22. Drewcat

    Drewcat Member

    Joined:
    Sep 24, 2004
    Messages:
    25
    Location:
    Central, IL
    Bogie,

    You're definatley right. But that was 20 years ago!! The biggest mistake I think people sometimes make is investing in what worked 20 years ago. Times change and markets are cyclical. Right now comodities are riding high like stocks were in the 1990s and from all indications they have a way to climb yet. Stocks on the other hand haven't done squat (on a broad market basis) in the last couple years.
     
  23. bogie

    bogie Member

    Joined:
    Jan 2, 2003
    Messages:
    9,569
    Location:
    St. Louis, in the Don't Show Me state
    Nelson and Bunker also bought a lot of land... It was truly trippy dealing with those folks before they went down.

    Gold is also available in coinage, which is fairly liquid... Sovereigns are probably the most popular.

    But I'd go with stocks...
     
  24. bogie

    bogie Member

    Joined:
    Jan 2, 2003
    Messages:
    9,569
    Location:
    St. Louis, in the Don't Show Me state
    Don't buy single stocks - diversify.

    Last year my mutual funds did about 9% or so. This year they're around 4% already, but I suspect we're about to see a correction.
     
  25. palerider1

    palerider1 member

    Joined:
    Dec 20, 2005
    Messages:
    341
    Location:
    upstate ny
    i can get alot more enjoyment from looking at classical collectable firearms in display cases than looking at paper stocks and bonds. i plan on investing in firearms,land, and in my business. www.oasisedging.com
     
Thread Status:
Not open for further replies.

Share This Page