Here are the latest items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. We also cover hedges, derivatives, and obscura. And it bears mention that most of these items are from the “tangibles heavy” contrarian perspective of JWR. (SurvivalBlog’s Founder and Senior Editor.) Today’s focus is on investing in firearms magazines. (See the Tangibles section, near the end of this column.)
Jack Chan: Silver Price Update
o o o
o o o
Next, over at Knoema: Nickel Price Long Term Forecast (to 2030)
o o o
Economy and Finance:
On to this headline: Dow at 1989 levels, Amazon at $4: What a 1929-style crash would look like today
o o o
Fox News interview with Vitaliy Katsenels: Don’t Blame Amazon for The Ice Age in Retail
o o o
Social Security needs a bailout 60x greater than the 2008 emergency bank bailout. JWR’s Comment: Gee, maybe they can just create that money out of thin air, and not worry about the mass inflation that will result.
o o o
Also this from Brandon Smith at Alt-Market.com: Venezuela: Dictatorship, Collapse And Consequence
Tangibles Investing (Firearms Magazines):
Today’s focus is on investing in firearms magazines. (The steel, alloy and plastic kind, that hold cartridges–not the paper kind that contain words and photographs.)
With the election of Donald J. Trump (DJT), gun owners gave a sigh of relief. Many of us had been stocking up on black rifles, magazines, and ammunition. We did so in the well-founded fear that Hitlery Clinton would be elected and start enacting bans, by fiat. If that had come to pass, then we would surely be seeing huge price increases by this summer. Instead, we are seeing bargain basement prices. My conclusion? Stock up. We are back in the first half of the classic “Buy low, sell high” pendulum swing.
Presently, you can buy a decent M4gery carbines for under $300. Stack your gun vault deep. So sell off your extras when they are back up to $1,200 apiece. And right now you can find 30 round Mag-Pul PMAGs for under $8 each. Buy at least 10 of them for each of your ARs. I’d say that 20 magazines per rifle is a better “comfort level.”
More Than Just a Commodity
Some folks claim that firearms magazines are “just a commodity” and that is partly true. But any time that a commodity can have its supply cut off legislatively, then it ceases to be a commodity. It then becomes a valuable rarity. The last time there was a ban on production of new 11+ round magazines (from 1994 to 2004), their prices went up anywhere from 200% to 700%. That isn’t a bad Return On Investment (ROI). Ironically, some of the biggest gains were seen with plastic Glock pistol magazines. A 33-round factory Glock 9mm magazine went from $18 before the ban to $140 during the ban. They are now back down to around $32 apiece. Another big jump was seen with 100-round Beta Company C-MAGs. These went from $120 before the ban to as high as $750 during the ban years.
As preppers, it is wise to stock up on firearms magazines, both for use within our families, and for barter. Buying even more of them as an investment is also wise. For the latter, stick to the most common full capacity types: AR-15, AK-47, AK-74, HK91, Ruger Mini-14, M1 Carbine, Colt M1911, Beretta M92, and Glock 17. Those will probably be the most sought after. As I’ve often mentioned: Be sure to buy only original military contract magazines or original factory-made magazines. The commonly found aftermarket magazines are mostly junk, and will possibly fail at the worst possible time: Right when your life depends on it!
SurvivalBlog and its Editors are not paid investment counselors or advisers. So please see our Provisos page for our detailed disclaimers.
Please send your economics and investing news tips to JWR. (Either via e-mail of via our Contact form.) These are often especially relevant, because they come from folks who particularly watch individual markets. And due to their diligence and focus, we benefit from fresh “on target” investing news. We often “get the scoop” on economic and investing news that is probably ignored (or reported late) by mainstream American news outlets. Thanks!