Day: February 19, 2009


Letter Re: Gun Show Report–The Full Capacity Magazine Feeding Frenzy Continues

Mr. Rawles: I took your advice you posted last year and have been investing in some high cap magazines. I’ve bought about $2,000 worth since the [November 2008 presidential] election, and I haven’t had any second thoughts. Thank you sir, your advice is making me a tidy profit. The 75-round Romanian [RPK] drums that I bought for $135 each the day after the election are now going for $250 each. And the 31-round Glock 9 milly magazines that I paid $33.50 each for are now going for $65 each. Oh, I found +2 [magazine floorplate extension]s for those, so now …


Letter Re: It Looks Like the End is Beginning

James, A few interesting things happened in the market [on Tuesday]. This wasn’t in the market, but is relevant. Hearing lots of chatter generally about things moving to “the final phase”. “Gold is moving as the last phase of the crisis appears to have started,” said Martin Hennecke, associate director with Tyche Group in Hong Kong. I’m assuming that the last phase starts out with gold, silver, Treasury notes, and the dollar all moving up, together. (It is quite unusual for the dollar and gold to move together, even though that’s been the case recently.) Then at some point – …


Letter Re: Survival Retreat vs. Neighborhood Survival — Part Deux – Galt’s Gulch vs. Idiocracy, by E.B.

Sir, Although it is enlightening to hear of various approaches to Survivalism, I don’t believe that conspiracy theories should get much play during this very serious time we are living through. E.B. mentions the World Trade Centers collapse, vaccination, sugar, aspartame, fluoride and the AMA monopoly . While some of these may be real concerns, this is not a proper focus at a time when the infrastructure is collapsing around us. It’s like trying to investigate the cause of the Titanic sinking during the time the ship is going down. During that time period, the why doesn’t matter. What matters …


Economics and Investing:

Brett forwarded this item: Depositors turned away from Stanford banks Garth S. sent this New York Times news story link: Laid-Off Foreigners Flee as Dubai Spirals Down. Garth’s comment: “At least [in America] we don’t have debtors prison.” From Todd S.: Swift, steep downturn crisscrosses globe G.G. flagged this: Publishers See Red, Magazine Ad Pages Down 21.5% in Q1 Thanks to Robert B. for sending this: Sales Tax Time Bomb Explodes as Consumption in Freefall The Drifter sent us a link to this piece by Mish Shedlock: The Nationalization Train Has Left The Station FloridaGuy flagged this: Gold hits record …


Odds ‘n Sods:

FloridaGuy sent us this: Camera convicted him but raised battle over privacy   o o o Paul A. spotted Las Vegas, Nevada article: Deadly home invasion near Lamb & Las Vegas Blvd. this is reminiscent of the Phoenix news clip that I featured last week. Gee, perhaps I ought to start a running tally. Here’s a start: Armed Homeowners 2, Home Invaders: 0    o o o Our thanks to Bobby C. for sending this: Mississippi Passes Regulation Protecting Gun Owners During Martial Law    o o o A bit more of our privacy crumbles away: Anonymous Caller? New Service Says, …


Jim’s Quote of the Day:

"What has been, what ever must be, the consequence of such a sudden and prodigious inflation of the currency? Business stimulated to the most unhealthy activity; a vast amount of over production in the mechanick arts; a vast amount of speculation in property of every kind and name, at fictitious values; and finally, a vast and terrifick crash, when the treacherous and unsubstantial basis crumbles beneath the stupendous fabrick of credit, and the structure falls to the ground, burying in its ruins thousands who exulted in the fancied security of their elevation. Men, now-a-days, go to bed deeming themselves rich, …