First off, here's the article that title quote came from.
Second off, I’m not talking about the End of Days, hoarding an arsenal under my floorboards. Seriously, I would like to discuss the concept of holding firearms as a method of storing value, a’la precious metals. Firearms are liquid & legal trade goods in the US, but unlike PM’s, they are intrinsically useful (e.g. hunting/self defense). Furthermore, if you are an educated and thoughtful collector, your purchases can increase greatly in value over the long term (i.e. value investing).
For instance, I recently bought a nice walnut stock hunting rifle because it was on sale for $100 under market value and $200 under MSRP. It’s a common caliber, made by a respected manufactured, utterly handsome, and highly useful. I would consider that rifle an asset, albeit a low yielding one.
My idea is to maybe spend 1-3% of my yearly income on building a firearm collection (already a hobby of mine) with the long term goal of purchasing firearms that specifically hold value and can/will be liquidated if ever a need arises. I'm specifically thinking high-end Colt 1911's, older S&W .38/357 revolvers, and maybe highly vetted 9mm semi autos. A law abiding citizen could easily store thousands of dollars worth of well-made, named brand, quality pistols in a 'plain jane' fireproof lock box or gun safe. Hell, you can even insure them against loss/theft for a few dollars a year.
It just seems to me that as long as you’re not an idiot or reckless, firearm collecting is pretty much a sure-bet for storing value over the long term.
Submitted February 08, 2017 at 02:19PM by RogerfuRabit http://ift.tt/2lp0Ntz
