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. And it bears mention that most of these items are from the “tangibles heavy” contrarian perspective of SurvivalBlog’s Founder and Senior Editor, JWR. Today, we look at HK91 rifles. (See the Tangibles Investing section.)
Precious Metals:
We’ll start with this at Gold-Eagle: Tariffs Terror: Stocks Crash And Gold Price Soars
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The Only Gold The US Will Show: The “Working Vault” At West Point
Economy & Finance:
At Wolf Street: QE Party Over, Bank of Japan Stealth-Tapers Further
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After Shares Collapse, Mini Bank-Run Begins as UK Lender Counts Cost of Broken Trust
Commodities:
Over at Zero Hedge: Farm Crisis: Soybeans Crash To Decade-Low As Trade War Intensifies
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Can plant-based meat grow from a $1 billion industry to a $20 billion industry?
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Nick Cunningham: The Shale Boom Is About To Go Bust
Cryptos:
Canaccord Analysts Predict Bitcoin Price Return to $20,000 in 2021.
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Bitcoin Proves to Be a Hedge to Investors During ‘Stressful Trade Wars’
Tangibles Investing:
The civilian semiautomatic-only version of the HKG3 is the HK91. Although “parts kit” rifles are still being produced domestically, the originals made by Heckler und Koch in Germany have not been imported into the United States for more than 25 years. Seeing original pre-ban HK91 rifles sell in several recent GunBroker.com auctions in excess of $3,200 each has caused me to seriously re-think keeping my HKs, as battle rifles. I must consider that I can now replace each of my used HKs with four new AR-10s from Palmetto State Armory (PSA) and still have some money left over.
There comes a time when one has to recognize a collector’s item for what it is, and move it out of a “practical” gun battery. Not only is scope-mounting more practical on AR-10s, but they also weigh more than a pound less than an HK91. And by the way, one of my previous objections to standardizing with AR-10s was the high cost of their magazines. The current crop of $21 AR-10 MagPul PMAGs has ended that objection!
All sentimentality and the fact that the HK91 was “Best Supporting Rifle” in my novel Patriots must be set aside. At this point, I’ve made up my mind to make the switch to AR-10 rifles. If I decide to hang on to any HK91s, then they will be investment pieces, not “shooters.”
I started out by listing just the HK91 magazines, at The FALFiles Marketplace.
Provisos:
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News Tips:
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!
I rarely take my HK91 out anymore. It says in it’s own foam cushioned SKB rolling case. Way back when, it was purchased for $700 so it has been a good “investment” but I’m going to hold on to it a bit more and I’m actually looking for another AS an investment.
If you absolutely have to have the roller-locked experience, I tell people to get a PTR.
Son, “ALWAYS Keep Your Finger Off The Trigger Until Ready To Shoot.
When holding a gun, rest your finger alongside the frame and outside the trigger guard. Until you are actually ready to fire, do not touch the trigger.”/NRA
The other day a picture appeared to show a man firing a rifle with no eye protection.
That was my very first thought, too, upon see the pic.
I see he has sunscreen hastily applied to his face but none on his hands and no hearing protection. his chin strap isn’t fastened. I don’t think he is using green lead free ammo
Being a 38 year old man, I missed the boat on HK91’s. They’re on my bucket list of guns to own, but it’s hard to justify, especially when, as JWR point out, I was able to pick up a PSA PA-10 for $600 shipped on sale. Was able to outfit my family with legitimate battle rifles with 10 pmags each at just under $2,500. You just can’t beat that.
SurvivalBlog has another interesting article about America’s Gold-Reserve stored away. (by ZeroHedge), … SurvivalBlog frequently has ZeroHedge articles about our Gold-Reserves, and other subjects.
Ron Paul publicly advocated an outside audit of the US stored Gold, when he was in Congress. … Both Ron and his son Rand (current Senator from Kentucky) want to audit the Federal Reserve too.
Does the USA still retain all of its claimed Gold Reserves, or is the Gold now stored over in Communist China? = A lot of the USA manufacturing capabilities were transferred to China, along with millions of good jobs. It seems reasonable to have a public audit of the USA gold reserves. It’s NOT secrecy that keeps >our Gold Reserves ~ Safe and Secure. = It’s the United States Military. [It would be stupid, to claim otherwise.]
Shale oil bust. We should not export oil and NG. This serves only one purpose and that was to make a few billionaires multi-billionaires. It is counter to pro-American policies. We will one day soon again run out of the glut of oil and NG and become again dependent on foreign oil. But in the meantime we are selling it off to foreigners as fast as we can. This is stupid.
Not to mention the damage done to the water table from fracking and breaking well casings. All politicos are on the take on that front.
I’ll show my age…I bought a HK 91 for 450.00, new…sold it for 1200.00…thought I did good!
I’ve owned and shot two of the 91’s. They certainly have some heft. I’ll stick to my LWRC Repers.