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7 Comments

  1. Corporate debt is at an all time high as well, when measured by the number of public companies that won’t be able to service their debt come 2020. 14 percent are pretty much already insolvent. This is more than the dot com bubble and almost double the ’08 housing/debt bubble. Half of the Russel 2000 index companies don’t even make money.

    I’ve been debt free for years now but I’ve got this feeling that I’ll be stuck with the bill, again just like ’08, for the bad behavior of others. The ‘everybody gets a trophy’ mentality writ large has been highly destructive. Failure is a good thing.

  2. As an interesting side note (to me), yesterday I bought 1 oz silver rounds at spot ($14.25/oz). What was interesting was that the “handling” charge went up from $1.50/oz to $1.75/oz. (grumble grumble).

    1. You are exactly right, unless you can buy in quantity and not local you are at a disadvantage price wise. Then again buying local with cash it could be called the “price for anonymity”. I have noticed that if the spot has dropped from what the local dealer probably paid the dealer just raises the over spot to compensate. Take your chances!

  3. Sweden cashless ?- Sweden is a failed State, wonder if the no go areas with ” immigrants ” agree with no cash ? ooops but then they are collecting the govt coin……what else will go wrong ?

  4. While I agree that there are any number of scarce and currently valuable collectibles such as unaltered, high quality M1903 Springfields, I am reminded of what happened during the Great Depression and is well documented: many “valuables” became very cheap and were bought by the moneyed few for pennies on the dollar – or deutschmarks in Germany. The current state of our bankrupt nation and the likelihood of further increases in interest rates by the Fed clearly indicate that we are about to see serious devaluations in many collectibles. This is already noticeable in real estate and the stock market is a time bomb. These devaluations and the inevitability of major failures (they’re already grossly underfunded at many levels) of social security and other pension plans make investments in scarce and (currently) valuable Springfields, Lugers, Civil War collections, clocks and many, many other items poor investments in the current economic environment. And, again, it has happened before and was a warning we, as a nation, have forgotten. Only the very wealthy who can weather the worsening economic storm we are currently in will be able to buy these collectibles while those who are currently in debt or will be shafted by a currency reset or the failure of their pensions. And, to make matters worse, demographics and the current anti-gun attitude by many legislators are exacerbating the problem. As a retired antique militaria dealer, I have seen devaluation in modern and antique firearms and related items for several years and it continues as the factors I’ve listed continue to threaten or take their toll on value. My suggestion to those who have major investments in such items is that if you are planning to use them as a primary factor in your retirement unless you have major savings in more liquid form, you may be seriously distressed as the market continues to degrade. This is also true for consideration of investment of a new collectible.

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