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. Most of these items are from the “tangibles heavy” contrarian perspective of SurvivalBlog’s Founder and Senior Editor, JWR [1]. Today, we again look at 80% receivers. (See the Tangibles Investing section.)
Precious Metals:
For those of you of the Chartist persuasion: Gold Price Exclusive Update Shows Sector Cycle Is Down [2]
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Palladium: This Is What a Run on the Bank for Precious Metals Looks Like… [3]
Economy & Finance:
CNBC reports: Private payrolls soar in January, the best monthly gain in nearly 5 years [4]
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At Zero Hedge: California Is Losing More Jobs To China Than Any Other State [5]
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Cyptogon reports: Jeffrey Epstein’s Mystery Bank Came Alive After His Death [6]
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Will the Coronavirus Cause a Global Recession? [7]
Cryptos:
CryptoExchange Hacks, In Review [8]
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Anthony Pompliano Believes Bitcoin Price Climb to $100K Has Started [9]
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The Sky’s the Limit for Ripple’s XRP as Price Busts Past 2 Key Resistances [10]
Tangibles Investing:
I am regularly frustrated by FFL dealers who refuse to ship me pre-1899 guns, unless they go through an FFL. Here is a typical e-mail reply that I received, when I made a query about buying a rifle that was manufactured by Ludwig Lowewe, Berlin. (This was a company that went out of business in 1897, when the Loewe Company was merged into the DWM conglomerate.) The dealer wrote:
“It came to me from an FFL and I am an FFL. Since it was in his book, it goes in mine. I don’t mind shipping antiques straight to a non-licensee, but in a case like this there’s a paper trail that leads to me. When I ship a gun with a paper trail, I pack the paper trail with it.”
This displays a statist “I’m just following orders” mentality. But in this case the “orders” are self-imposed. Rightfully, whenever an FFL receives a gun that they learn to be a pre-1899 antique, then they should log it out of their bound book with the notation “Inadvertent entry – Pre-1899.” That should be the end of it! Licensees should not clutter their books with pre-1899s, any more than they should with any muzzleloaders or air rifles that they receive. None of them are “firearms” under Federal jurisdiction! (See: Title 18, U.S.C.)
I’m reminded of an often-quoted passage by Goethe: “None are more hopelessly enslaved than those who falsely believe they are free.”
For stupidly statist dealers like these, I have a simple solution: I direct them to ship the “papered” pre-1899s that I’m buying to a friend of mine, who has an FFL. We meet once every couple of months, usually at a gun show, where he simply hands the pre-1899 guns to me. The only drawback is that my FFL buddy lives 200 miles away, so getting together can be a challenge, especially in the winter months.
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I’d like to gauge interest: Would anyone be interested if I were to add 80% complete receivers to my product line at Elk Creek Company [11]? I’m thinking about adding:
- Polymer 80 Glock 17 size frames and jigs
- Polymer 80 Glock 19 size frames and jigs
- SIG P320 80% complete Trigger Modules and jigs
- Alloy AR-15 80% lowers and jigs
Let me know if any of those interest you. I should be able to buy them in quantity, so that I can sell them at a substantial discount to their normal retail prices.
Provisos:
SurvivalBlog and its Editors are not paid investment counselors or advisers. Please see our Provisos [12] page for our detailed disclaimers.
News Tips:
Please send your economics and investing news tips to JWR [1]. (Either via e-mail of via our Contact form [13].) These are often especially relevant, because they come from folks who closely watch specific markets. If you spot any news that would be of interest to SurvivalBlog readers, then please send it in. News from local news outlets that is missed by the news wire services is especially appreciated. And it need not be only about commodities and precious metals. Thanks!
Comments Disabled To "Economics & Investing For Preppers"
#1 Comment By TheHun On February 10, 2020 @ 7:57 am
I am always on the look out for a supplier of 80% lowers.
#2 Comment By The Dude On February 10, 2020 @ 8:47 am
Perhaps add the AR-10 80%’s as well. Thank you.
#3 Comment By Chris in Arkansas On February 10, 2020 @ 7:26 pm
I agree – 80% AR15 and AR-10 lowers would be fantastic especially if they are high quality brands.
#4 Comment By RustyGunner On February 10, 2020 @ 9:32 am
Second that, although I have got to put money aside eventually for a milling machine.
#5 Comment By Knowbuddy Yuno On February 10, 2020 @ 10:54 am
Definite “yes” on the 80% lowers.
#6 Comment By ESVAHokie77 On February 10, 2020 @ 11:29 am
Yes polymer80 glock.
#7 Comment By Rector On February 10, 2020 @ 12:33 pm
I wouldn’t waste your time competing with Brownell’s, Midway USA, etc. 80% stuff is widely available and easy to order. Stick with your niche.
My opinion
#8 Comment By JM On February 10, 2020 @ 8:54 pm
I am interested in these partially complete items. I suspect that other vendors would add my contact information to a freely available list. My hope is that Elk Creek would hold my information only long enough to complete the transaction and honor any warranty if applicable. Thank you.
#9 Comment By rudy On February 10, 2020 @ 1:56 pm
I am on the lookout for 80% lowers. Would you consider adding AK blanks or flats to the list?
#10 Comment By Anon On February 10, 2020 @ 2:08 pm
The 80% lowers depend entirely on the price. Anderson has Ar-15 lowers for $40.
#11 Comment By DriFtless On February 10, 2020 @ 2:11 pm
Yes on the 80% lowers if the price is right.
#12 Comment By DriftlessinWI On February 10, 2020 @ 2:19 pm
Yes on the 80% ar lowers if the price is right.
#13 Comment By toytrkman On February 10, 2020 @ 3:38 pm
Most certainly, if you can compete with other common suppliers I would certainly rather purchase more locally. I also agree on the 80% ak and ar10s also.
#14 Comment By Anonymous On February 10, 2020 @ 3:45 pm
Roger That on the 80% Rec.
#15 Comment By Tom in Oregon On February 10, 2020 @ 4:12 pm
Yes on 80% lowers.
#16 Comment By PatrickHenry2051 On February 10, 2020 @ 5:38 pm
I have a couple friends in ID that would be definitely interested in the 80% lowers, plus AR-10 for the right price.
#17 Comment By 0ldhomesteader On February 10, 2020 @ 5:39 pm
Yes on 80% want a order now ? What price ? Volume discount? Washington state as of 1/1/20 new law ,felony to complete with out markings
#18 Comment By Jeff Johnson On February 10, 2020 @ 5:56 pm
Yes, on the 80% Glock, Sig and AR-15/10 lowers. Please get the lowers that are cerrakoted black , thanks.
#19 Comment By BWL On February 10, 2020 @ 6:52 pm
Yes for the 80% lowers.
#20 Comment By Myles On February 10, 2020 @ 8:31 pm
Yes on 80%! All of them!
#21 Comment By Forestar On February 10, 2020 @ 9:03 pm
Tactical Machining recently had a special (ended 1/31/20) on aluminum 80% lowers for $29. Any recommendations on jigs?
#22 Comment By NE_papamike On February 10, 2020 @ 11:45 pm
TMs jig is pretty good, it was tough catching them when they were in stock when I was looking. I know it is not a “jig” but, if you can afford it, a Ghost Gunner is fantastic.
#23 Comment By RJH On February 10, 2020 @ 9:21 pm
Yes to above.
#24 Comment By Anon111 On February 10, 2020 @ 10:39 pm
Yes to above if price is right
#25 Comment By NE_papamike On February 10, 2020 @ 11:40 pm
I am all for 80% lowers of all types and supporting your business.
#26 Comment By SVM On February 11, 2020 @ 12:49 am
I would be interested in an 80% lower line
#27 Comment By Dan On February 11, 2020 @ 12:50 am
I am interested if you will also be selling the bits and jigs.
#28 Comment By Joe Blow On February 11, 2020 @ 1:00 am
Had this same conversation with a local store… Would be interested in an 80% lower, and a jig!, if I could pay cash for it and walk out the door without showing any ID or other traceable documentation. A shipping label, record of transaction, etc… may be enough to make me object.
#29 Comment By annonmous On February 11, 2020 @ 3:19 am
You need a PO Box in another state… A state you file taxes in which doesn’t have state income tax and excellent gun laws. A hem…. Nevada, Alaska, South Dakota, Wyoming, Texas… to name a few…. Go and fetch your 80% lowers there and drive them to your residence….
#30 Comment By John On February 11, 2020 @ 1:28 am
Is there any way to contact someone who has the equipment to complete a 80% lower?
A little information and instruction would be a big help. Thanks
#31 Comment By Joe On February 11, 2020 @ 1:47 am
To John, You have to complete the 80% lower “yourself” it is a Federal offense to farm it out to someone else.
#32 Comment By Steve On February 11, 2020 @ 2:58 am
If you read the law and relevant federal regulation definition of “receiver” a lower receiver of an AR-15 is not a firearm, therefore they can be sold with no paperwork. Just like an antique gun the dealer you reference above wants paperwork on. There is precedent for this, look at the failed recent prosecutions for people in possession of lower receivers.
#33 Comment By BillyR On February 11, 2020 @ 1:05 pm
Yes on the 80% lowers
#34 Comment By Rucksack Rob On February 11, 2020 @ 2:53 pm
YES! on the 80%. Even if the price is near retail, I’d rather spend my money here than elsewhere.
#35 Comment By A in Aloha On February 11, 2020 @ 4:14 pm
As many others have said, “Yes” on the 80%’s. I trust that any information that happened to be exchanged would be far more secure with you than with any other online retailer.
#36 Comment By VT On February 15, 2020 @ 10:04 pm
A FFL that you know has improperly recorded might want to know they will be reported for it and a investigation initiated for the infraction. No reason a violation be allowed to continue and proper books not be kept.