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Precious metals

Husband’s retirement strategy — $250,000 on collectible guns

10 Responses to “Precious metals”

  1. HL Says:

    Well, I bought an NFA M-16 in 93, for $2k, and sold it in 05 for $12k…I wish I had bought two because that is a hell of a return on investment. Of course, the gubment could have destroyed it by allowing post 86 guns to be traded again…though that would be a worth the cost to my investment.

    The problem with the guy’s strategy really is what the writer says. You have to find a buyer. If you can, it could work out great, but it always seems to be hard to find one who will pay you what you want when you really need it.

  2. Jeffrey H Says:

    The other risk in the strategy is that hopefully within the next 10 years we could get Hughes overturned. If we manage that then it is going to hurt the value. That being said I would still like to save up for some NFA weapons whether or not Hughes does get overturned.

  3. Shootin' Buddy Says:

    If only the money I spent on guns and ammo could be deducted above the line like my SEP!

  4. Randy Says:

    A lady at our church had a husband pass away last year, he had no real retirement as far as money in the bank, but when she gathered all his guns that he collected over the years it was enough to hold a firearms auction in our town. She pocketed 86,000 after everything was said and done which is better than nothing.

  5. Ron W Says:

    Consider converting at least some of your FRN’s and promissory notes into gold or silver. But beans and bullets along with your guns are good investments. Even stocking up on cheaper, functional guns may be a good investment if for some reason, “don’t ask-don’t tell private sales become the norm for acquiring the instruments of self-defense.

  6. Paul Says:

    And if you get sued…. do the lawyers get the guns? After all they are not part of your 403, or 401, nor part of the ‘homestead’.

    And I sure hope you find someone to buy these ‘collectable guns’ at the prices you want to sell them.

  7. Bubblehead Les Says:

    Yeah, he may have spent $250,000 on collectible firearms, but I betcha he hasn’t bought any ammo for them! And to my way of thinking, an empty firearm is like a wheelless Ferrari. It may look good in the garage, but when you need to drive it….

  8. Ron W Says:

    Right there,Bubblehead Les,

    Ain’t nothin’ more useless than an unloaded gun…unless your only recourse is pistol-whippin’ somebody

  9. MichigammeDave Says:

    Investing in collectible firearms presupposes that there will be a market for collectibles when the poo hits the fan. I think investing in firearms (and ammunition) is probably a very good idea, but not as a “collector.”
    I have shooters. I pick them up as and when I can, and take very good care of them. I use them for hunting and plinking, and carry them when appropriate. I also pick up bullets,powder and primers when the price is right, and am always in the market for dies and molds.
    I don’t need to find a collector with lots of money if and when I need to liquidate. I just need to find several regular guys who want good quality, usable firearms at a good price, and I’m set.

  10. dustydog Says:

    Anyone spending more than 2% of total income on guns should start a small business (see the Small Business Administration website), or at least deduct expenses under the hobby allowances. Don’t pay more taxes on your fireamrs and related items than absolutely necessary, and especially don’t lose profit by not accounting for expenditures (such as for ammunition, travel, range membership fees).