Here are the latest 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 S&W Firearms. (See the Tangibles Investing section, near the end of this column.)
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Economy & Finance:
This past week all eyes in the financial world were on the Federal Reserve Board banking cartel’s Open Market Committee. On Wednesday, as expected, they raised rates by 25 basis points. (As reported from the perspective of the statist/pro-bankster CNN.) That 1/4 of 1% rise had long been expected. The big question is: How many more rate hikes will there be in 2018 and 2019? Higher interest rates will slow the economy and probably take the tops off the bubbly stock market, the new car market, and the housing market. If the Fed banksters take a dislike to the Trump Administration, a series of rapid rate hikes could tip the scales in the November 2018 mid-term elections.
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Tangibles Investing (S&W Firearms):
While many American gun collectors focus on Colt revolvers, there is growing interest in Smith & Wesson (S&W) firearms. The company is nearly as old as Colt, and many of their guns are just as well made.
I think that it would be wise to shop around for some desirable S&W firearms still in their original factory boxes. The most obvious choices would be the “pinned and recessed” (or P&R) swing-out cylinder revolvers, made before 1983. And, as preppers, for longevity and weather resistance we’d probably want to concentrate on the subset of their stainless steel P&R revolvers. These include the Model 66 (K frame) and and the Model 629 (N Frame.)
One as yet mostly-overlooked category for long term appreciation would be Smith & Wesson M&P-10 ARs. These are large receiver AR-10 family clones made by S&W that are mostly chambered in .308 Winchester. They presently sell for only slightly more than generic AR-10 clones.
Another good choice would be S&W’s .45 ACP M1911 clones. Both of these have been made only in the last few years of the company’s operation. If S&W ever goes the way of Remington, then I predict that many Smith & Wesson-marked guns will see large price gains in the next few years. But regardless, they are a great tangible investment.
As always: Do your homework and shop around for the best prices before you buy.
SurvivalBlog and its Editors are not paid investment counselors or advisers. So 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!