In the late 1990s, gold and silver were both underpriced and many people purchased bullion on a regular basis. The coins were nice, collectable, inexpensive investments. Gold was under $300 an ounce so anyone could buy an ounce here and there just for the heck of it.
With the changes in the following years, plus gold almost approaching $1600 and silver in the high $30s, it is getting more difficult to believe that it is a good investment. Even buying quarter-ounce pieces is very cost-prohibitive.
In the late 1990s two ounces or more of gold was worth the same as a good .45 caliber colt. Now a half ounce of gold is worth the same as the colt. The colt is a much better investment than gold.
Buying Guns as an Investment
Okay, let’s clarify that statement. Buying guns as a hobby may also be a good investment.
People buy gold and silver bullion, rare coins, antiques, paintings and other such items as investments. Buying a gun is a better deal.
The appreciation rate for guns admittedly is lower than it is with some other collectibles yet depreciation is almost unheard of and the chance of the value plummeting is slim. Gold and silver bullion are still a potential bubble, painting, antiques and the like are very buyer-specific; you may pay a few thousand dollars for a nice painting from a reputable gallery and then have a truly difficult time selling it for the same or more.
Quality guns have a following and reselling a gun isn’t difficult. We’re talking about colts, brownings, winchesters, weatherbys, kimbers and about a dozen or so other makes. A colt single action army is a very sought after revolver as is an excellent .45 caliber semi-automatic pistol by colt, kimber or a few other brands . A Weatherby Mark V rifle is truly gorgeous and it will always have value as will a ruger #1. Each of these is a work of art and a treasure to appreciate, hold in your hands and even pass down to future generations.
What to Look For
There are thousands upon thousands of men and women who are truly knowledgeable about guns. Most sporting goods stores hire men and women who are truly gun enthusiasts if not truly gun nuts!
Many purchase their guns online and internet sites like Buds Gun Shop are competitive and completely legitimate. More experts weigh in on the latest gun news and top options through blogs like Exile Machine to keep hobbyists well-informed before buying, too.
Pawn shops are often not the place to look but sometimes you can find a good deal there. I would be leery about buying a quality gun at a pawn shop but you may have a reputable shop in your area.
Buying a few guns gives you a reason to spend a few hundred dollars on a safe where you can also put your jewelry, collectables, photos etc. Many gun safe models are fire resistant and can be purchased for well under $1000. No tax on these purchases in many states as well. Safes are also investments as their value will decrease slightly at the time of purchase and then will steadily rise!
Guns are not toys, but they are a very useful tool or an investment. Of course, it is understood that you should never leave a gun unattended with children around. Always take the time to lock it up in a safe. If you have had little or no interaction with guns, we would recommend attending a class put on by one of many organizations across the country.
Many within the United States believe that owning a gun is inherently evil. It isn’t. This article does not touch the protection/right to carry/2nd Amendment aspect of owning guns. We as citizens of the United States still generally have the right to own one or fifty guns.
Even law enforcement officers can attest that many in law enforcement are huge gun collectors. A much higher percentage of law enforcement officers buy and sell guns as compared to the general public due to their familiarity with guns.