Category: Investing/Barter

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 …


Letter Re: The Gray Man in the Coming Storm

If the next few years go the way some are expecting, and the country moves in the direction of an authoritarian socialist state, the gray man will do some things his friends may not expect nor initially agree with: The gray man will put a pro-government bumper sticker on his vehicle, in contrast with the beliefs in his heart. The gray man will smile when the police come to his door to collect his firearms. He’ll happily hand over his registered weapons at the door and thank the officers for their work, while his cache of unregistered weapons is safely …


Preparing for Another Battle Rifle Ban, by Michael Z. Williamson

As many people will remember from the last “Assault Weapons” Ban (AWB) [in the US, which was effective from September, 1994 to September, 2004] there was a time window before the law took effect. Once it took effect, however, pre-ban purchased receivers could not legally be built into “assault weapons” unless they were in AW “format” before the ban took effect. So what does one do to get around this? It’s a rather silly technicality, but so are a lot of other legal issues. In this case, your stockpiled receivers need to be in AW “format” before any ban takes …


Letter Re: Advice on Grungy Military Surplus Magazines

I took your advice and ordered some FN-FAL magazines from What-A-Country, and they were promptly delivered. However, I was surprised to find that the military surplus magazines were quite dirty with what appeared to be black sand, and slightly oily. Is that common for used magazines? As a first time battle rifle owner making my first military surplus purchase. I don’t know if this is common practice or not. If it is, what is the best way to properly clean the magazines so they can be used? Any advice or a link to a web site with additional information would …


Letter Re: Safety Note on Modifying Military FMJ Bullets

The article linked at “Box O’ Truth Tests Elmer Keith-style DumDum Bullets” contains a very dangerous statement: “5. Cutting the end off a rifle Ball [full metal jacket (FMJ)] cartridge projectile will definitely make the bullet expand or break up…” DO NOT DO THIS! By cutting off the tip off of a full metal jacket (ball) round you have in effect created a pinched copper tube, open on both ends, filled with a plug of lead. Upon firing, it is possible to blow out the lead plug, leaving the tube (jacket) lodged in the barrel. When the next round is …


Letter Re: Soft Nose Loads for Battle Rifles

Jim, I’ve only been reading your blog for a short time, but I find it both interesting and informative. Having been a hunter for the last 56 of my 64 years, I do wonder why anyone who plans on getting out of Dodge and heading for the woods would want a battle rifle with ball ammo when we won’t be bound by anything like the Hague Convention as to the ammo we use. Seems to me, that soft points would be a better choice and if the SHTF. My M1A will be traveling with me and will be loaded with …


Two Letters Re: What Are the Best Magazines for Investment?

Jim Here’s my feeling on what pistol mags to obtain. Obviously, if you have a high capacity handgun, it behooves you to have at least ten mags for it. I actually have 30 Glock Model 19 mags since I already have one and contemplate picking up another that a friend wishes to sell. I’m also trying to pick up Glock 17 mags, even though they stick out the bottom of my G19. I really want a Glock 34 long slide 9mm, and figure that the only way I may be able to get mags for it down the road is …


Letter Re: What Are the Best Magazines for Investment?

Dear JWR: I took your wise advice posted in the blog back in October and stocked up on magazines for all my guns. I ‘ve even bought some mags [for other guns] that I just plan to buy, such as M14 magazines for my eventual super match M1A buy. But what I’m thinking is, I should also do is by even more magazines just “on spec”, knowing that with Obama coming in[to office, that] a ban of some sort is more likely that not. What types/model high capacity magazines would be best to invest in, for the most possible gain? …


Letter Re: Seeking Advice on Mosin Nagant Rifles

Jim, At the risk of pestering you, I was curious about your opinion of Mosin Nagant rifles. I have seen them advertised on J&G Sales for anywhere from $69 to $199, with folding bayonets. The advertised condition is “very good”. What do you think? It appears that there is pretty widespread availability of 7.62x54r ammo for this weapon as well. Thanks, – MAJ Kevin X., USAR Kevin: Here is brief response. (I get 60+ e-mails per day, so forgive my brevity): I do like the Finn M39 Mosin rifles –some of which are available on pre-1899 antique actions–but the little …


A 1911 Dinosaur Turns Over a New Leaf — Switching to XD Polymer Frame Pistols

I have been shooting M1911 steel-framed Colt .45 ACPs for more than 35 years, and up until now, I’ve always considered myself a M1911 die-hard. But through those years, I’ve seen the price of Colt pistols and spare parts radically escalate. My first M1911-series pistol was a slightly-used Colt Commander that I bought in 1981 at a San Jose, California gun show, for $160. (In those days, you could pay cash for a pistol from a fellow private party, and walk out the door with it, sans any paperwork. Sadly, things have changed in California–and that was one of the …