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 investing in S&W Triple Lock revolvers. (See the Tangibles Investing section.)
We”ll start out with this, from Gary Christenson: Silver – Eight Years Later.
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Economy & Finance:
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Bank of America: We Stopped Doing Business With Gun Companies Because Our Employees Were Afraid. JWR’s Comments: We’re really supposed to believe that? A.P. Gianini is surely rolling in his grave.
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At Investopedia: How to Open and Access an Offshore Bank Account. Here is a quote:
“The basics of opening an offshore bank account are similar to opening a bank account in your home country. Offshore banks will ask for your personal information, such as your name, date of birth, address, citizenship and occupation.
To verify your personal information, you can expect to submit a copy of your passport, driver’s license or other identifying documents issued by a governmental agency. Additionally, banks are concerned with verifying your residence or physical address since this may affect taxation issues. This requirement may be satisfied by presenting a utility bill or similar documents.
Due to the wide range of different identification documents that may be presented to offshore banks, additional assurance of a document’s authenticity is often required. A notarized copy of certain documents may suffice in some cases. Other offshore centers prefer an “apostilles” stamp, which is a special type of certification mark that is used internationally. Where this is the case, you will need to visit the government office that is authorized to issue this stamp for your state or nation. (For a general overview, also see Taking A Look At Tax Havens.)”
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But… Be warned: Americans’ life savings disappear from Mexican Monex bank. Here is a little snippet:
“Last December, the Machirs called Marcela Zavala Taylor, their Monex banker of 9 years, to get cash for contractors building their retirement home in San Miguel de Allende, San Miguel, a city of 69,000 about 500 miles south of McAllen, Texas. But Zavala didn’t return calls, and the Machirs discovered that their nest egg was gone. Kathy Machir says: ‘When they told us we had 6 pesos [32¢] in our accounts, I just felt sick to my stomach. Since then, they have not dealt with us in good faith.'”
The Largest Producers of Crude Oil (1965-2017). This includes a fascination animation that shows how the ranking of the world’s largest producers of oil changed over a 50 year period, from the Cold War until today.
Tangibles Investing (S&W Triple Lock Revolvers):
The S&W Triple Lock (a.k.a. S&W .44 Hand Ejector New Century or S&W .44 Hand Ejector First Model) is one of the most sought-after S&W revolvers. It is called a Triple Lock because this revolver’s cylinder locks at three places instead of the more common two places.
First introduced 1908, the Triple Lock was primarily chambered in .44 Special, and also made in smaller numbers chambered in .38/40, .455 Eley (Webley), and .45 Colt. It was marketed head-to-head with the Colt New Service revolver. Because of high production costs, Smith & Wesson discontinued this model in 1917, after only 15,376 had been produced. A Triple Lock in minty condition will fetch as a much as $3,500. That’s not a bad return on investment for a revolver that originally retailed for $21!
As with other collectibles, condition is everything. The crown jewel of any serious S&W revolver collection would be a Triple Lock that is still in its original factory box.
SurvivalBlog and its Editors are not paid investment counselors or advisers. 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!