Posted by MarkB_MI on January 02, 2019 at 02:33:46 from (174.230.5.44):
In Reply to: Re: Investments 2018 posted by davpal on January 01, 2019 at 10:20:11:
> What people do is buy a gun at Dunhams for $800 dollars and sell it a year later to a friend for $400 dollars because they're broke and need the money. Most people aren't gun "collectors". They're impulse buyers or hoarders that purchase things they don't need and realize later they couldn't afford it to begin with. A serious investor probably doesn't have guns in his portfolio.
Well, yes. I didn't mean to imply that one can actually make money buying guns at retail prices and later reselling them.
When I started doing this several years ago, my intention was to poke holes in the theory that guns and gold are somehow safer investments than the volatile stock market. The problem I had is that, unlike stocks and precious metals, there are no reliable indices that indicate general movement in firearms prices. So I chose the single gun type that is as close to a commodity as anything: the AR-style rifle. And I picked a particular model whose price was published every week in the Dunham's flyer. Over the past couple of years, Dunham's hasn't put the Patrolman's Carbine on sale as often as before, so I may have to pick something else.
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