Category: Investing/Barter

Letter: Full Capacity Magazine Price Inflation and Scarcity

Greetings – Just wanted to say “thank you” for suggesting the PTR-91 as a battle rifle option. I will freely admit to getting caught up in the AR-15 hysteria but I have come to my senses and saved money thanks to SurvivalBlog. German surplus G3 alloy military surplus magazines in good to excellent condition are easily available in quantity for $3-to-$4 each. Contrast that with AR-15 mags at $15+ each, and that’s a 5:1 ratio. Or, for the same $90 folks are paying for a single AR-10 mag, they can get more than 25 surplus G3 mags, shipped! In addition, …


Letter Re: Wealth Destruction–Real Wealth or Just On-Paper Wealth?

Sir: I followed the link in Thursday’s blog to this I followed this news story: 45 percent of world’s wealth destroyed: Blackstone CEO. It stated: “Between 40 and 45 percent of the world’s wealth has been destroyed in little less than a year and a half.” I don’t see how Schwarzman can be right about that. The factories are still there. the farms are still there. The houses are still there. And there are still warehouses full of everything from Machinery and bar stock to Sponge Bob Squarepants toys.So what has been destroyed are just “on paper” profits, not any …


How Many Magazines is Enough?, by Cowboy

It’s nice to know how many guns you have to share amongst those mags, or better yet how many magazines do you have to share amongst multiple like model rifles or pistols for that matter. That’s how I count them to see if I feel like I have enough or not. Plus, I like to count in the possibility of adding another gun or two into that particular category at a later date since buying extra mags is always cheaper than adding a new gun. If nothing else, extra mags are a great investment for later sale or barter especially …


Letter Re: Advice on Silver or Gold Jewelry for Barter?

Hello Jim, Been learning a lot from Survival Blog, thanks for the great work. I’m just wondering if sterling silver and 14 karat [gold] jewelry (plain [rings or chains], or gemstones would make good bartering items? Have been thinking of selling them and using the money for preparedness, etc but wondered about this. Thanks very much for all the useful information. – Mrs. H. JWR Replies: Although at first blush keeping jewelry on hand might seem practical, in actuality its drawbacks outweigh its benefits. Perhaps metals, but gemstones are a definite no. Gemstones–either diamonds or colored stones–will not be trusted …


Letter Re: Supply and Demand at American Gun Stores

James, We finally caught up on magazine sales in late February, filling our last outstanding back orders, and I actually have a limited number of C Products AR-15 magazines in stock and some Magpul PMags (which I really like). The manufacturers tend to send out a half of an order and then a few weeks later, the balance of it. They are clearly allocating inventory across their customer base and I would estimate that they are running two to three months behind. The delivery situation is getting worse, and my guess is that new orders placed today would likely arrive …


Letter Re: Some Observations at a Recent Gun Show

JWR, I attended a gun show in a Southern state this weekend and wanted to share my observations. I got there very early and was among the first ten in line. By the time we were allowed to enter, the line was out the door of the building and around the corner. I’d estimate around three hundred people in line. I left the show a mere hour later and the room probably had in excess of eight-hundred people and the line was still quite long. Ammo, of course, went fast. I was able to acquire all the ammo I desired, …


Four Letters Re: 3-in-1 Home Workshop Machines

JWR, I agree with you on the machine tool issue. You end up with a lot of tooling and accessories by buying a shop. Things like rotary tables, angle plates and clamping stuff make this approach a bargain. A few grand goes a long way if you dig into [the replacement costs]. Like you say, [in the depth of the recession] there will be a lot of stuff out there. I have a good set of machinist tools but no machines and have been thinking the same thing. I have millwrighted machines for people from closed machine shops. I used …


Three Letters Re: The Feeding Frenzy Continues–Gun Store Shelves are Depleted

JWR: I saw the article on how Cabela’s shares surged based on gun sales. Let me tell you, we are in the midst of a feeding frenzy here in Colorado. First, its not just guns, its all of the accessories as well. I had to return some items from Christmas to Sportsman’s Warehouse and found that the whole gun department was basically empty. They only had some black powder firearms and a couple of shotguns. Nothing else. I had run into this before Christmas when I bought my two oldest boys new elk rifles – and got the last .308 …


Depression Proof Jobs for a 20 Year Depression – Part 2: Developing a Home-Based Business

Yesterday, in Part1, I discussed the “safe” and counter-cyclical occupations for the unfolding economic depression. Today, I’d like to talk about one specific approach: self-employment with a home-based business. I posted most the following back in late 2005, but there are some important points that are worth repeating: The majority of SurvivalBlog readers that I talk with tell me that they live in cities or suburbs, but they would like to live full time at a retreat in a rural area. Their complaint is almost always the same: “…but I’m not self-employed. I can’t afford to live in the country …


A Know-Nothing Gun Buyer Illustrates a Fatally-Flawed Approach to Preparedness

Introductory Note from JWR: The following was posted at the Mike’s Madhouse forum, one of the Baen’s Bar Forums. (This is the forum moderated by SurvivalBlog’s Editor at Large, Michael Z. Williamson.) It illustrates how incredibly naive some newbie gun owners can be. It also underscores a couple of my oft-repeated mantras: Survival is not about gadgets. It is about skills. And, tools without training are almost useless. Owning a gun doesn’t make someone a “shooter” any more than owning a surfboard makes someone a surfer. Reading this letter made me laugh hysterically, but it also made me sad to …


The MOAB Expands Again–Another $1 Trillion Slated for Hedge Funds

The Mother of All Bailouts (MOAB) keeps growing. SurvivalBlog reader PhotoTom sent us this: U.S. Tries a Trillion-Dollar Key for Locked Lending. Here is a snippet: “The Treasury Department and the Federal Reserve plan to spend as much as $1 trillion to provide low-cost loans and guarantees to hedge funds and private equity firms that buy securities backed by consumer and business loans.” I’ve been warning about the likelihood of hedge fund collapses for years. This first trillion dollars in bailout money for the hedge funds is little more than a kind gesture between banking buddies. But it won’t magically …


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: Gun Ownership in Chile

Hello JWR, I hope everything is going well for you and your family! Every day that passes makes me realize how blessed I am to be out of the states and living at a great retreat location in Chile. I was reading your site yesterday and saw your article asking for information about foreign gun laws. I recently purchased a new shotgun in Chile and will share that experience with you. First, I don’t think most Chileans follow the gun laws here. The law is that you must register every weapon you own, and registration is limited to three per …


Four Letters Re: Preparedness Through Tapping in to the Craig’s List Culture

Sir; By way of profession, I am a CPA (M.S. in Taxation), economic survivalist by persuasion. One thing you may want to caution readers about is the Internal Revenue Services’ position on bartering income. Always, always, always talk to a competent tax advisor regarding your particular situation. Under the current administration, self-sufficiency activities such as bartering with others for services or goods may be considered a reportable and taxable activity on the part of both parties. Just a “heads up” to all, we all want to stay within the letter of the law. Thanks for the listen – C.   …


Letter Re: Advice on AR-10 Rifles (Updated)

Mr. Rawles: I’m thinking about buying a Bushmaster AR-10 type rifle that comes with with one clip. What features should I look for, especially these days? Are the magazines an issue? Thanks, – C. in Oregon JWR Replies: Let me start with a pet peeve. The terms clip and magazine are not synonymous. A clip holds cartridges only at one end, whereas a magazine complete surrounds a cartridge. In the context of modern detachable magazine battle rifles, a clip is what is used to fill a magazine. Please do not call a magazine a clip, especially around children. They are …