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Forums10
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Apr 29th, 2024
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Joined: May 2007
Posts: 602
Sidelock
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Sidelock
Joined: May 2007
Posts: 602 |
By the time you insure, maintain, repair, index for inflation, securely store, deal with poor liquidity come sale time etc a non-income producing "asset" will need to work pretty hard to beat conventional investments.
Guns of most sorts make crappy investments.
If you know your field really well, and you know the market, sometimes you'll turn up some really good buys, or you'll get in on the ground floor of a field that takes off. Don't count on it to make you a lot of money though.
RG
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Joined: Feb 2002
Posts: 14,144 Likes: 202
Sidelock
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Sidelock
Joined: Feb 2002
Posts: 14,144 Likes: 202 |
yobyllib and John Mann have said it all. yobllib implies that almost all profit on a gun deal is made by buying it at half what it is worth. The biggest profit is made if you sell it the next day for 100% appreciation. John says you have to be in the game a long time to recognize a sleeper. Those two guys have told you everything you need to know about investing in guns. A newby does not invest in guns.
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Joined: Jan 2002
Posts: 5,983
Sidelock
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Sidelock
Joined: Jan 2002
Posts: 5,983 |
The one wonderful thing about guns is that you can use them while they are appreciating in value(if they do). You can't use the money in a CD or the stock market while you're waiting to get rich. To buy guns strictly as an investment and salt them away is not a good investment, IMO.
> Jim Legg <
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Joined: Jun 2007
Posts: 1,417
Sidelock
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Sidelock
Joined: Jun 2007
Posts: 1,417 |
David: You have gotten a lot of good advice here, but I'm going to give you my two cents anyway. I love my guns. To me they are works of art and if they could tell their story you could be entertained for as long as you live. I had my romance with the stock market years ago. I was a broker as well as an investor. I finally figured out that investing in the market was a lot like going to Las Vegas except you didn't get free drinks and a floor show while you were losing your money. With the stock broker like Vegas, THE HOUSE ALWAYS WINS.
Now I invest in land and guns because I have never lost money with either. You have to be smart when you're buying especially in something like Best English SxSs. Read a lot about them, talk with knowledgeable dealers. One that comes to mind is Diggory Hadoke who posts on here as "smallbore". Check the auction sites such as Holts, Bonhams & Gavin Gardiner and see what kind of appreciation various makers have had over time. In other words, become a student.
Best Regards, George
To see my guns go to www.mylandco.com Select "SPORTING GUNS " My E-Mail palmettotreasure@aol.com
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Joined: Sep 2005
Posts: 200
Sidelock
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Sidelock
Joined: Sep 2005
Posts: 200 |
If you REALLY want to invest in firearms, the only decent choice is Class III (fully automatic). They aren't making any more that are available to the public, and prices have gone up a lot in recent years, with no ceiling in sight.
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Joined: Dec 2001
Posts: 1,755 Likes: 30
Sidelock
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Sidelock
Joined: Dec 2001
Posts: 1,755 Likes: 30 |
I have a number of different instruments in my portfolio. Guns are a part of it. You have high risk (high return) and low risk (low return) . Guns will most likely average out as low rate of return but i get the use out of them and enjoy taking them hunting, shooting and pride of ownership. Cant do that with sticks!! And, when I am old and crotchety, I get to take them one at a time to gunshows, walk around and make the dealers drool all over themselevs hoping to steal it from me!! LOL. really, no capital gains tax, no income tax, just pocket the money and walk away when I have to liquidate part of it.
just my .02.
Last edited by Brian; 02/07/10 12:20 AM.
Brian
LTC, USA Ret.
NRA Patron Member
AHFGCA Life Member
USPSA Life Member
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Joined: Jan 2006
Posts: 15,456 Likes: 86
Sidelock
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Sidelock
Joined: Jan 2006
Posts: 15,456 Likes: 86 |
The trick is, which ones?
Tip....don't buy a Darne. (They're not worth sleeving)
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Joined: Nov 2006
Posts: 610
Sidelock
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Sidelock
Joined: Nov 2006
Posts: 610 |
David,the best thing for you to do is build a time machine,go back 40 years buy all the London Best guns you can and return to the present. Barring that, buy guns you can afford,shoot them for fun,read everything you can about these guns. Talk to everyone you can about them and in about 10 years you'll be glad you didn't invest in the "Best Gun" market.
Justin
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Joined: Feb 2005
Posts: 7,438
Sidelock
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Sidelock
Joined: Feb 2005
Posts: 7,438 |
If you REALLY want to invest in firearms, the only decent choice is Class III (fully automatic). They aren't making any more that are available to the public, and prices have gone up a lot in recent years, with no ceiling in sight. Actually the market for Class III has softened over the last year and prices in most instances have declined. I still think long term they are a good investment as the supply is capped. Jim
The 2nd Amendment IS an unalienable right.
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Joined: Sep 2008
Posts: 907
Sidelock
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Sidelock
Joined: Sep 2008
Posts: 907 |
David nobody says you have to buy English DB's etc. There is a lot of old time custom rifle makers stuff that is becoming great possibilities etc. Again talk to the right people and check around.And you might think about the fact you don't have to buy a ten thousand dollar gun. But 10 thousand dollar guns might make you more money.And be much easier to sell in the future. You might also want to consider some of the people telling you not to. Don't want the increase in competition. Smile Human nature.Whitey
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