Here are the latest news 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 Marlin Rifles. (See the Tangibles Investing section.)
It comes as no surprise that just as the stock market was in its “orderly decline” on Wednesday, spot gold jumped $15 per Troy ounce.
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Economy & Finance:
Aha! Higher interest rates are now being felt, in earnest: U.S. new home sales near two-year low as mortgages rates rise
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Some ominous news at Zero Hedge: Over Half Of America Gets More In Welfare Than It Pays In Taxes
Wednesday: Stocks fall, Dow sheds more than 150 points. Meanwhile, S&P 500 dropped 85 points (3.1%). There was then a rebound on Thursday of around 1.6% on the DJIA and 1.8% on the S&P. But the turmoil is far from over. Look for increasingly volatile equities markets this fall and winter. I’m confident that you all have your stop loss orders in place, Right?
Friday Morning Update: Dow erases gains for the year, tumbles more than 600 points as stocks extend October swoon
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Tangibles Investing (Marlin Rifles):
One almost completely ignored niche of gun collecting is Marlin rifles that were either special ordered “back in the day” , or that are presently coming out of Marlin’s Custom Shop. Because Marlins are considered “second tier” in desirability by most gun collectors and dealers, few folks have made a study of the price differential between standard Marlins versus custom Marlins. Thus, if you do your homework and do some searching, you can find custom feature guns selling for the same price as standard feature guns. That differential represents most of your potential profit. You can find such guns at gun shows, pawn shops, gun stores, in classified ads, and at estate sales. Just as with most other collectible picking opportunities, you can “Buy locally, but sell nationally.” Gun auction web sites such as GunBroker.com and GunAuction.com (aka AuctionArms) will provide you an entree to serious Marlin collectors.
SurvivalBlog and its Editors are not paid investment counselors or advisers. 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!