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. Most of these items are from the “tangibles heavy” contrarian perspective of SurvivalBlog’s Founder and Senior Editor, JWR. Today, we again look at 80% receivers. (See the Tangibles Investing section.)
For those of you of the Chartist persuasion: Gold Price Exclusive Update Shows Sector Cycle Is Down
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Economy & Finance:
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At Zero Hedge: California Is Losing More Jobs To China Than Any Other State
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Cyptogon reports: Jeffrey Epstein’s Mystery Bank Came Alive After His Death
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I am regularly frustrated by FFL dealers who refuse to ship me pre-1899 guns, unless they go through an FFL. Here is a typical e-mail reply that I received, when I made a query about buying a rifle that was manufactured by Ludwig Lowewe, Berlin. (This was a company that went out of business in 1897, when the Loewe Company was merged into the DWM conglomerate.) The dealer wrote:
“It came to me from an FFL and I am an FFL. Since it was in his book, it goes in mine. I don’t mind shipping antiques straight to a non-licensee, but in a case like this there’s a paper trail that leads to me. When I ship a gun with a paper trail, I pack the paper trail with it.”
This displays a statist “I’m just following orders” mentality. But in this case the “orders” are self-imposed. Rightfully, whenever an FFL receives a gun that they learn to be a pre-1899 antique, then they should log it out of their bound book with the notation “Inadvertent entry – Pre-1899.” That should be the end of it! Licensees should not clutter their books with pre-1899s, any more than they should with any muzzleloaders or air rifles that they receive. None of them are “firearms” under Federal jurisdiction! (See: Title 18, U.S.C.)
I’m reminded of an often-quoted passage by Goethe: “None are more hopelessly enslaved than those who falsely believe they are free.”
For stupidly statist dealers like these, I have a simple solution: I direct them to ship the “papered” pre-1899s that I’m buying to a friend of mine, who has an FFL. We meet once every couple of months, usually at a gun show, where he simply hands the pre-1899 guns to me. The only drawback is that my FFL buddy lives 200 miles away, so getting together can be a challenge, especially in the winter months.
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I’d like to gauge interest: Would anyone be interested if I were to add 80% complete receivers to my product line at Elk Creek Company? I’m thinking about adding:
- Polymer 80 Glock 17 size frames and jigs
- Polymer 80 Glock 19 size frames and jigs
- SIG P320 80% complete Trigger Modules and jigs
- Alloy AR-15 80% lowers and jigs
Let me know if any of those interest you. I should be able to buy them in quantity, so that I can sell them at a substantial discount to their normal retail prices.
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 only about commodities and precious metals. Thanks!