Comments by "Sar Jim" (@sarjim4381) on "Final Prices: Rock Island June 2017" video.

I apparently should have invested in guns instead of stocks.
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No, buying guns is like any other collectible. You concentrate on what you know and buy those rather one each of every collectible gun. All collectibles will have a volatile price action so they shouldn't be more than 20% of a portfolio. I could buy an MP43 for about $500 in 1960, a brand new Colt .45 for $52.50, or a Boys anti tank rifle with all the accessories and seven extra mags for $110. Not a bad investment for any of them.
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As long as you have a self directed IRA or pension plan, investing in some scare but not rare guns is a good kind of 30 year investment, kind of like gold and silver coins. There's a good chance that scarce guns will become at least semi-rare in 30 years, as will numismatic coins. Unfortunately, my pension plan didn't become self directed until late in my career but, for young guys, it's worth looking into.
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Cinnabun, I think it's very unlikely that collector quality bolt actions or semiautos are ever going to be seized. There's no registry of many of these weapons as there is for machine guns so seizing them would be a logistical nightmare. I have...err, a friend has four rifles, one bolt action and three semiautos. They were never registered anywhere and were bought either before any federal checks or by private sale. How would the government ever seize those guns?
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LOL. You get a plus for that one, :-)
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Bo, I don't know if this is really worth discussing with you, but stocks are not a "legal pyramid scheme". With good stocks, almost no one loses money. Everyone involved, from the company to the investor, makes money over the long term. Unless you just hate capitalism, which I suspect is the case, studying up on the stock market can help you make some money instead of whining about the people who do.
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Kiwi, that's a good point. However, you also take the risk that a machine gun won't be legal forever so you have the risk of confiscation, much as we saw with gold coins in 1933. Semiautos and bolt actions don't have the same risk.
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Laird, Rockhumper is mostly correct about gun values. Guns don't always gain value any more than other commodities. S&W model 29 is a good example. It's the "dirty Harry" .44 Magnum, and S&W couldn't keep up with demand in the early to mid-70's. The list price was $750 but many new in the box guns were going for $2,000. Those same guns can be bought for $850 to $1,000 in good condition, not much of a return from an investment held 45 to 50 years. Good guns will generally at least keep pace with inflation, and buying truly rare variants quickly before it becomes generally known can bring a nice return.
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