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.)
We’ll start with this at Gold-Eagle: Tariffs Terror: Stocks Crash And Gold Price Soars
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Economy & Finance:
At Wolf Street: QE Party Over, Bank of Japan Stealth-Tapers Further
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Over at Zero Hedge: Farm Crisis: Soybeans Crash To Decade-Low As Trade War Intensifies
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Nick Cunningham: The Shale Boom Is About To Go Bust
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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.
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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!