Via: Ammo.net
Posted on 12/23/2011 8:22:49 AM PST by Daffynition
The threat of a U.S. double dip recession coupled with this summer's debt debacle in Washington - and the subsequent failure of the so-called "debt supercommittee" - has many ordinary Americans looking at gold as a safe store of value. However, there's another commodity that historically has risen in price along with gold - and is potentially more useful in the event of a global crisis: Ammunition.
[If this is an *old* article, I apologize; saw no date on it]
(Excerpt) Read more at ammo.net ...
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Let Freedom Ring,
Try and sell ammo from 1999 at today’s market price.
This peice is interesting and entertaining but should not be suggested as investment advice from anyone that does not work for Federal, Remmington, Wolf, Winchester, etc.
Buy lots of ammo because it is fun to shoot and you don’t want to have to hunting for ammo if you get an urge to head to the range. I wouldn’t recommend buying 2,000 rds of .45acp at todays prices because it will be worth 50% in 20 years. I don’t shoot 20 year old ammunition that someone else gave me.
Merry Christmas.
Hmmm...I have some WWII original ball 45 ACP that still shoots very nicely. Only problem is that you have to clean the weapon quickly thereafter because it is corrosive.... from a 600 rd tin I bought 15 years ago.
See? :o)
I've had a bad experience with "old ammunition" I took my mother, sister and a couple of my father's hand guns out to the range a couple years ago. Amongst the firearms was a .25 (mother) and .32 (sister) and a .22 (all semi auto). A couple of these are problematic firearms with good ammo. The Taurus .25 auto jambed a ball in the barrel and split the gun on the next shot. The .32 wouldn't fire more than 3 rounds before jambing (Beretta I think). I had two rounds damn near fall out of the barrel after fizzles. The .22 auto has been a problem since I first shot it as a kid (may or may not have been the ammo).
We quit early so I could go have some discussion about the chlorine filled bathtub my father must have been storing ammo in. He said, "Oh, BS! Ammo doesn't go bad!" I showed him what was left of my mother's Taurus and the impacted lead still in the barrel.
BTW - Taurus replaced the gun no questions asked. You do have to give them credit for service. They do make some nice pieces now a days too.
I steer clear of "old ammo" bought or stored by others. I keep my ammo in actual ammo boxes with all seals in tact.
I shoot LC 1964 7.62 NATO. My rifles love this ammo —— very accurate and a dream to reload for the second go around. I’m sure that not too many people will agree with your statements about not buying ammo now at bargain prices. Just go to a Gun Show or look at Cabela’s stores, people buying tons of ammo. I have never seen ammo depreciate in value.
A few years ago I bought a Taurus PT-111 Millenium for my wife. EVERY time it fired, it dropped the damned magazine. I sold it and vowed never a Taurus again for anything.
MY GOURMET KITCHEN UTENSILS
Ammo is not an "appreciating asset". It has a "resale value" that will be less than it's retail value in the immediate future (3 to 7 years). And, like most wine and old cars, will have suspicious performance in the long term so that the niche market for "cheap ammunition" might limit can be sold for a profit. I can test drive a 1968 corvette. I can't taste test a 1941 bottle of French wine. I might be able to go with you to the range to test shoot some of your ammo before I make an offer to buy it from you.
I'm not saying people don't profit on 60 year old ammunition. I suppose it does happen. As a consumer, I don't want to spend money on it. As an investor, I don't see it as a win unless someone offers it on the "futures market".
LOL! That would be maddening. I can only picture it. Had you sent it to Taurus, they would have fixed or replaced it along with any components.
It was. You're right. Had the flip open top. I dubbed it the "girl gun." I'm not a fan.
Yeah...I know they would have....but I was just so damned pissed, I made up my mind right then and there...the whole point was to buy a semi-auto, with a double action and a real safety (i.e., not a Glock) that was reliable....
BTW, I own 6 Glocks...just none of them are for my wife’s use.
I sure as hell hope you’re telling (showing) us your ‘former’ collection....mine (similar) was lost in a horrible boating accident.
Actually,if you know its limitations, it’s a fantastic little pocket gun...damned hefty for its size compared to a Saturday Night special...only, you can’t spray these with WD40 and expect them to function.. I like the tip up because it offers you the option to load the first round without racking the slide.
I went to XD. I like very much. I like the wife to have a .357 snubby chambered with .38s. It is no frills, few moving parts, double action, no hammer.......Semi auto would be dangerouse for my wife.
If you can get your hands on one (maybe you have one) shoot a .45xd and a .40 Glock (same barrel length to be fair) for comparison.
I don’t buy ammo for resale. I buy ammo because zombies won’t shoot themselves.
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