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Registered User Joined: May 2014 From: USA Posts: 3,050 | guns are a terrible investment
make a list of all your guns, prices you paid, figure inflation at 5% per year, doubling in 15 years, that is, and then take the list to a few FFL dealers, pawn shops, etc, and see what they will give you for the total "collection". you'll curse and swear that you'll toss them into a lake first! cause the number will be HALF what you think it will be! :-) at most. Auctions take a lot of time to set up/advertise properly and you have to give a pretty big cut to the auction house. you'll do better putting your money into bullion and rare gold coins. but the rare "numismatic" coins take the sort of knowledge that a member here has about antiques. :-) or you'll lose your butt. |
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Registered User Joined: Jan 2016 Posts: 22 |
Well said and right on target. Guns for the most part are a poor investment. As you said gold bullion and rare coins would be solid investments. Very wise nitko.
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Registered User Joined: Jun 2004 From: Canadian Badlands Posts: 9,371 |
I don't think that anyone in their right mind would buy a firearm as an investment unless it had significant, proven historical value. Otherwise you are only kidding yourself.
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Registered User Joined: Jul 2004 Posts: 5,103 | Working guns, absolutely. Curio and Relic are different. The SKS"s, AKS, Yugo Mausers, CZ82's, and Makarov's I bought at bargain basement prices have all gone up considerably. That said, I've never bought a gun for an investment.
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Registered User Joined: Jun 2004 From: Canadian Badlands Posts: 9,371 |
I've probably sold 5 firearms in the last 6-7 months. The continent is currently under going a mild recession, prices are not what they used to be. Even so I have managed to break even of make at least 5% on the firearms that I have sold. Patience these days is the key.
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