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 Colt Competition Rifles. (See the Tangibles Investing section.)
Michael Gayed, over at Seeking Alpha: From Poor Man’s Gold To Rich Man’s Gold. Here is a key quote:
“Over the past three months, the silver ETF (SLV) has outperformed the gold ETF (GLD) as demand for the precious metal rises.
Gold/silver ratio has reached new peaks of 89.6, which suggests that a strong rally in silver prices is impending.”
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Economy & Finance:
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Wind And Solar Gaining Edge Over Natural Gas. JWR’s Comment: I’m dubious about those figures. Methinks there could be more than one taxpayer-provideed subsidies involved.
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Forex & Cryptos:
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Scammers Move Hundreds of Bitcoin to Exchanges; Is a Dump Inbound? JWR’s Comment: Expect a bell to ring, the next time that BTC touches $12,000 USD. This selling may push BTC down to $8,000, or lower.\
I recently mentioned investing in Colt Model 6920 law enforcement pattern M4 carbines in this column. But you may not have heard that there are even more scarce and more accurate Colt ARs. These were assembled with mostly Colt parts, under a Colt licensing agreement by a now defunct company in Texas, called Colt Competition. These rifles, which carried special “CCR”-prefix serial numbers on their Colt-made lower receivers were guaranteed to shoot sub-MOA groups “right out of the box.” They were all shipped with individual test targets, to prove it. Sadly, Colt Competition went out of business in 2017, as one of the first casualties of the Trump Slump in the firearms industry. Their bankruptcy froze the number CCR-prefix rifles in circulation. So this left room for gun investors to make some money.
You will of course want to find Colt Competition rifles that are either in new or like new condition, and still in their original box, preferably with the serialized and laminated white test target “hang tag” tucked away in the box. Here is a link to a video showing a “CCR.” These rifles retailed for $1,400 and up, depending on handguard, barrel, scope mount, and scope options. The high end CCR specimens have heavy duty Warne scope mounts (often with “3-Gun” style BUIS offset bases), and a few came from the factory also equipped with Colt Competition-branded VX-R lit-reticle scopes. (Marked “Colt Competition” in white, up near the front lens.) One like that would probably be worth well in excess of $2,000. As the old saying goes: “They aren’t making any more of them.” So prices can only go up.
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 closely watch specific markets. If you spot any news that would be of interest to SurvivalBlog readers, then please send it in. News from local news outlets that is missed by the news wire services is especially appreciated. And it need not be just about commodities and precious metals. Thanks!