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Guns: A Better Buy Than Stocks

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Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: April/16/2009 at 20:09
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http://blogs.moneycentral.msn.com/topstocks/archive/2009/04/16/guns-a-better-buy-than-stocks.aspx
 

Guns: A better buy than stocks

Posted Apr 16 2009, 12:20 PM by Todd Harrison
Rating: PoorPoorFairFairAverageAverageGoodGoodExcellentExcellent< id=ctl00__AnonymousWeblogPostRating1_Value = value=4.33>

Forget stocks and bonds, the real money's in guns.

The Wall Street Journal reports artillery enthusiasts are stocking up on guns and ammo, not necessarily ahead of widespread civil unrest resulting from our ongoing economic swoon, but as an investment. These trigger-happy speculators are betting President Obama will institute a ban on assault rifles, which would crimp supply and send prices, well, shooting up.

For it's part, the Obama administration says it has no plans to enact such legislation and supports the Second Amendment right to bear arms.

During the federal ban on semiautomatic weapons from 1994-2004, prices soared. Recent buying has reached almost a frenzied pitch, creating backlogs for popular models and enabling resellers to list certain guns well above suggested retail prices. AK-47s doubled in price between September 2008 and the end of last year.

Ammo, as well, has become a hot commodity. As one supplier said, "(Ammunition) beats the hell out of money markets and CDs. You can double your investment in ammunition in a year."

Equity investors, too, are betting on Americans arming themselves to the teeth.
Smith & Wesson (SWHC), maker of Dirty Harry's weapon of choice -- the .44 Magnum -- has seen its stock jump from around $2 per share to over $6 since Inauguration Day. Still, shares are off around 70% from highs seen as recently as late 2007. Sturm Ruger (RGR), another gun manufacturer, has seen a rise of almost 100% in 2009.

As Minyanville's Kevin Depew is apt to say, "These are heady times we are living in." The Journal running a front-page story on buying guns rather than stocks is indicative of just how strange things have become.

Recent volatility in financial markets is driving Americans to seek alternative ways to protect -- and even grow -- their money. And while we're yet to see widespread construction of bunkers, protective trenches or armed militias patrolling the streets, the country is on edge to an extent not witnessed since September 2001.

I mean, pirates are all over the news, for God's sake. Pirates!

Top Stocks blogging partner Todd Harrison is founder & CEO of Minyanville.com. This post was written by Minyanville Contributor Andrew Jeffery.
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: April/16/2009 at 22:45
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I mean, pirates are all over the news, for God's sake. Pirates!
 
 
Thats right and the best kind,           DEAD!
 
 
I too have bought ammo and components with resale in mind. And if the prices drop, no big. I won't need to buy for some time to come.
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: April/16/2009 at 23:22
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I've been buying ammo as of late as well, but I don't plan on selling it!
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: April/17/2009 at 07:52
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They don't plan on banning guns... Yet PBS had a segment on the news hour last night...  High marks for the CATO guy.
 
SWHC does not have the fundimentals to support its price.  I've owned it before.  It did not have the fundimentals then.  It is not a buy and hold sort of stock. Ride it at your own risk. 
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: April/17/2009 at 10:54
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I picked up a couple of stripped AR lowers yesterday for this very reason.
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: April/17/2009 at 12:02
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This has a downside- decreased availability of reloading components changes decision on what calibers, or even future purchase of guns(certainly has here). Regular shooters and hobbyists will turn elsewhere as higher prices are only drawing speculators, (is this post ban worth more than this post-post ban??) Last time this happened it took cheap sks and cheap ammo to get people back into the sport. Decreased product improvement , no new ideas , shooting games get hit the most, trap, skeet, etc.

Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: April/17/2009 at 20:44
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BUY BUY BUY   SELL SELL SELL
it sounds like the stock market.
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: April/18/2009 at 09:13
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yes -- or the gold market-- the biggest problem with both is you have to take delivery.
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: April/18/2009 at 09:35
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I have always found guns a better value than stocks, since stocks are pretty useless without an action and barrel.
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: April/18/2009 at 11:41
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certainly bonds between them

Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: April/18/2009 at 19:19
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And we haven't even gotten into mutuals....
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: August/10/2011 at 02:07
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Edited by koshkin - August/10/2011 at 02:18
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: August/10/2011 at 02:46
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Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: August/10/2011 at 08:44
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  McGraw?
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: August/10/2011 at 09:14
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Praise God and pass the ammunition!


Edited by shooter07 - August/10/2011 at 09:14
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: August/10/2011 at 09:25
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        Excellent!!!!!!!!!!!
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: August/30/2011 at 00:28
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It will be true that recent volatility in financial markets is driving Americans to seek alternative ways to protect.

Edited by tahqua - August/30/2011 at 06:12
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: September/03/2011 at 00:54
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Edited by koshkin - September/03/2011 at 14:41
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: September/06/2011 at 12:37
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American indians sat on gold for centuries, and it had no value to them. When whitemen appeared the things that the indians were most interested in was tools (guns, knives, and other metal tools) that could help with their survival, but they couldn't make themselves. Gold had no value to the indians because it had no use and they had no concept of it's value.
If a disaster were to occur depending on what kind it is, gold could be worthless. Tools on the otherhand could have more to do with survival than all the gold in Fort Knox. You can't tighten a coupling to your water supply with a gold brick like you can with a pipe wrench, and you need water to live.
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