March 22, 2009
– Comments (11) |
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I have posted this before, but I think it provides great insight and vision.
What is more rare, harder to find then gold, and the consumer is buying at a high premium?
I went to the two largest sporting goods stores in my area, neither had .38 ammo and one had no .357 ammo. I asked the clerk what was going on "we have had shortages in ammo since Nov 2008....we keep selling out of the .38"
SWHC is up 100% since I told you Fools I was long the stock. I think the gun craze rebirth is just getting started.
Will gun shooting replace other national sporting activities? Why not?
FYI - Hedge-funders bullish on gold, guns, inflatable lifeboatsThe New Paranoia: Hedge-Funders Are Bullish on Gold, Guns, and Inflatable Lifeboats
As per greater discussion on Gun ownership I defer to the wisdom of Fred Reed
When I was reading the title for some reason I thought it was going to be a post on competition =D
I have never seen that video at the top, that was an AMAZING interview by a very well spoken expert, Michael Hudson who you just exposed me to, I'm definitely saving that one.
Nice gun vids, especially the first one. I have never shot a gun, but sometime this year, I aim to head out to the shooting ranges.
It's a basic civic duty for a free country to take reigns on any oppressive regime such as an overextended british empire putting an inflationary and/or tax burden on citizens. In today's case, an overextended Corporate American empire puttiong a massive tax burden on its citizens of today & their children of tomorrow. Pitchforks & Torches...and guns. But maybe even more importantly, organized activism & public meetings.
Hedge fund buyers are big contrarian indicators to me - so many are liars and cheats and will be going out of business, makes me think more about selling than buying gold.
+1 rec for Michael Hudson. He is, IMO the best economist that has been alive during my lifetime. I can only think of one other economist better ever, and that is Adam Smith. The guy just knows what he's talking about, and I wish he was the Treasury Secratary or Fed chairman.
The charts/graphs I have posted come directly from hudson, everyone should know the difference between the P/C and the gov/FIRE economy.
And he is so right... bernanke and greenspan make the argument that technology is strong and so is our economy. They are right... and if they and their financial buddies weren't such big leechers, it's likely our economy would have grown even more over the past 100 years.
Thank you for posting this. This guy should be on tv all the time, he makes so much more sense than the other talking heads.
You people need to get out more. Here is my rational look at buying handguns ....
YOU ARE ****ING CRAZY.
Seriously. Stocking up on weapons is not a good thing, not something you should support or invest in. All this means is that there will be more household accidents with guns or that more guns will be available for crime a decade from now.
I could understand if you live in detroit perhaps. I like in one of the cities with the top 10 murders per capita, but still don't feel like a gun would be helpful or accomplish anything.
Anyways, back in the real world - I think your SWHC is a big pump and dump.
Guns are not the solution. You are better off spending the money on a security system unless you plan on staying home 24/7. Any thoughts on CFL?
Thank you for the replies, some good replies here. I am not a "gun nut", but I see the trend and I am familiar with history enough to be a little nervous. Remember, the economic model of Keynesians, credit expansion, credit contraction, then a recession/depression, then seize assets and/or war.
I think historically literate people are getting into the gun craze now, I think the masses will follow at some point. 3-4 weapon, 3k rounds minimum, weapons safe, will be basic "family package".
Great call here "But maybe even more importantly, organized activism & public meetings. "
I am somewhat aligned here. I did have a short on a gold miner, but I am acquiring physical assets, gold and silver, when able.
NP, thanks for the reply.
Thank you for the reply.
You people need to get out more.
I lived outside the US for 4+ years. I have spent 12 months in Africa, 3 years in Europe, 12 months in Asia. I have spent most of my life in the US. I have been in about 30 countries.
Please tell me, who you know, that has "gotten out" more than me? I do not know anyone personally, that has traveled as much. One of the reasons I am #1 in points and abitarePERFECT was Top Fool on 21 Nov 08 is I have gotten out more than most and I am not blinded into the propaganda being thrown out by corperate media.
I think you have it backward. You need to get out or read more.
Stocking up on weapons is not a good thing, not something you should support or invest in.
That is what the Nazi said, too.
All this means is that there will be more household accidents with guns or that more guns will be available for crime a decade from now.
Not factually accurate. You could say the same thing about automobiles and motorcycles.
I could understand if you live in detroit perhaps.
The US is one big Detroit to varying levels, just wait, remember, Detroit of 1975 was not the Detroit of 2009. The impact of what is going on in the US today, has not finished playing out. The impact
I hope Lee Iacocca was wrong when he (reportedly) said, "As goes General Motors, so goes the nation."
We agree here:
Anyways, back in the real world - I think your SWHC is a big pump and dump.
No kidding? It is up 100% in 40 days? What do you think the real estate bubble, the dotcom bubble, commodity bubble, the stock bubble, the BRIC story is?
Are you a buy and holder? A Buffett/Graham "value investor"? How is that working for you? Only down 50%ish? Not as bad as others?
We are here to make money. Go try and buy .38 ammo and check back. It is going to be a big bubble based on real and perceived circumstances, until the government starts acting ethically in the interest of the people.
Since I believe you do not get out much or read much, I recommend to watch/rent:
1. The Pianist
2. The Killing Fields
3. Shindlers List
5. Commanding Heights (PBS Special)
I recommend Fred article above, but there are books about it:
1. Mao -
2. Atlas Shrugged
Any book about living in a gulag would be worth your time.
I own guns in both of my houses. I have ~2000 rounds of ammunition. I am never farther than 15 feet from a weapon. I am not a gun nut nor a redneck.
But as you have pointed out, if the declining economy causes homelessness and hunger, and if this leads to social disorder, and if this leads to ravaging individuals and gangs resorting to crime and robbery and assaults, then if you cannot defend yourself, you are powerless.
If you believe this could never happen, don't bother. I rate it 10% chance. But remember, it's far better to have a weapon and never need it than to need it and not have it.
I pray I never have to fire a weapon at another human. But in extremis, I can and will.
And once again, my order of preference: Mossberg 590 (12 gauge) shotgun, Glock 19 (9mm), Bushmaster AR-15 (.223) and Kimber 1911 ProCarry II (.45 ACP). Each serves a different purpose in home and self-defense.
Good reply, thank you for it. I am new to the "gun" story myself. I was asking plenty of questions this week end. I have posted on the Collapse of Argentina and Collapse of USSR. In both cases you wanted and needed a gun.
it's far better to have a weapon and never need it than to need it and not have it.
I like the gun information here:
Mossberg 590 (12 gauge) shotgun, Glock 19 (9mm), Bushmaster AR-15 (.223) and Kimber 1911 ProCarry II (.45 ACP). Each serves a different purpose in home and self-defense.
I could not find any AR-15, there was a waiting list. I looked at the glocks, Sigs and some revolvers.
I will be obtaining my conceal and carry permit at some point..
I have not heard of the Kimber 1911 ProCarry I. Kimber 1911 ProCarry I.
One of the issues to considere is availability of ammo, there was shortages in plenty of the popular ammo.
FYI - another good site here:
The Kimber range are the finest made. They are not cheap (~$1000) but are brilliantly made. They can accept a seven round magazine, with one in the chamber. The ProCarry II is a smaller, shorter barrel version, designed for police concealed carry.
Availability depends somewhat on the state you are in. I am a Nevada resident, so I just walk in and pick them up; no hassle.
I buy ammo on line. If you search the Web, you'll find someone, somewhere who has what you want. Buying the guns online is also possible, but they must be shipped to your local gun dealer. They cannot ship to you.
If your local dealer does not have the weapon you want, he may be willing to accept the out-of-state shipment for you, for a fee, and license you. I've never tried this, because Nevada is so easy. Nevada does do the mandatory FBI check which takes about 20 minutes.
I also have a Dan Wesson .357 Magnum with interchangeable barrels and grips. Beautiful. And an S&W .38 Special inherited from my father-in-law. It's 69 years old, but when I stripped, cleaned and lubricated it, it once again worked beautifully.
I'm not a gun nut, but I appreciate well made and engineered hardware.