Green Energy
Where'd everybody go? No one's out there yappin'!
Guess I'll just have to put up another gun post. Breaks my heart, ya know.
from Moneyblog at MSNBC
Guns: A better buy than stocks
Posted Apr 16 2009, 12:20 PM by Todd Harrison
Forget stocks and bonds, the real money's in guns.
The Wall Street Journal reports artillery enthusiasts are stocking up on guns and ammo, not necessarily ahead of widespread civil unrest resulting from our ongoing economic swoon, but as an investment. These trigger-happy (hey, mind your manners) speculators are betting President Obama will institute a ban on assault rifles, which would crimp supply and send prices, well, shooting up.
For it's part, the Obama administration says it has no plans to enact such legislation and supports the Second Amendment right to bear arms.
(Ok -- bit of a long aside here. This past Saturday our local Congressman -- hardcore Conservative -- gave a TownHall at our Gun Club. We invited him, he came -- don't be so surprised. Upshot -- I missed alot of it due to Easter stuff going on HOWEVER I do know he said that all the proposed gun legislation everyone is concerned about is going absolutely NOWHERE in Congress. Has nowhere near the votes for any serious consideration. Now, do I trust this Congressman on this? Hell yes. Do I trust Obama? Hell No! Will I keep buying ammo & guns as finances allow? You betcha! But even Diane Sawyer said on a recent show "The NRA is doing a great (!) job holding this stuff at bay." Diane Sawyer! OK. Aside over)
During the federal ban on semiautomatic weapons from 1994-2004, prices soared. Recent buying has reached almost a frenzied pitch, creating backlogs for popular models and enabling resellers to list certain guns well above suggested retail prices. AK-47s doubled in price between September 2008 and the end of last year.
Ammo, as well, has become a hot commodity. As one supplier said, "(Ammunition) beats the hell out of money markets and CDs. You can double your investment in ammunition in a year."
Equity investors, too, are betting on Americans arming themselves to the teeth. Smith & Wesson (SWHC), maker of Dirty Harry's weapon of choice -- the .44 Magnum (by the way OTHERS make a .44 magnum as well. S&W just happens to be particularly good at it) -- has seen its stock jump from around $2 per share to over $6 since Inauguration Day. Still, shares are off around 70% from highs seen as recently as late 2007. Sturm Ruger (RGR), another gun manufacturer, has seen a rise of almost 100% in 2009.
As Minyanville's Kevin Depew is apt to say, "These are heady times we are living in." The Journal running a front-page story on buying guns rather than stocks is indicative of just how strange things have become.
Recent volatility in financial markets is driving Americans to seek alternative ways to protect -- and even grow -- their money. And while we're yet to see widespread construction of bunkers, protective trenches or armed militias patrolling the streets, the country is on edge to an extent not witnessed since September 2001.
I mean, pirates are all over the news, for God's sake. Pirates!
- Bitter Clinging Boss Elf
Well, for my part, I have a Smith and Wesson 638, a Sig P220 and P238 on my Christmas list. AS well as the obligatory ammo. Not that I'll get any of it, mind you. If anyone would like to help me fulfill that. . . Hot Air: Video: Holiday commercial...
- Yes!!!
I don't care what the reason or spin, more gun sales is always a good thing. MSN: Wal-Mart brings back gun sales The move is just the latest sign that executives are returning to the company's roots after recent failed efforts to appear more upscale....
- From My Cold Dead Hands
You'll recall that the media made a bit of a to do about the big jump in gun and ammo sales in the months running up to and immediately following the election of the Worst President in American History. If you're a gunner you certainly experienced...
- Go Figure!
Now imagine me jumping up and down saying "See! See! See! I told ya I told ya I told ya!" maybe while wearing a boa. Ok, maybe not. . . Hotair: Gun sales surge, violent crime drops posted at 9:13 pm on December 21, 2009 by Cassy Fiano When Obama was...
- Don't Worry Everything Will Be All Right?
Bullet makers can't keep up with demand Bullet-makers are working around the clock, seven days a week, and still can't keep up with the nation's demand for ammunition. Shooting ranges, gun dealers and bullet manufacturers say they have...
Green Energy
Hey!
Where'd everybody go? No one's out there yappin'!
Guess I'll just have to put up another gun post. Breaks my heart, ya know.
from Moneyblog at MSNBC
Guns: A better buy than stocks
Posted Apr 16 2009, 12:20 PM by Todd Harrison
Forget stocks and bonds, the real money's in guns.
The Wall Street Journal reports artillery enthusiasts are stocking up on guns and ammo, not necessarily ahead of widespread civil unrest resulting from our ongoing economic swoon, but as an investment. These trigger-happy (hey, mind your manners) speculators are betting President Obama will institute a ban on assault rifles, which would crimp supply and send prices, well, shooting up.
For it's part, the Obama administration says it has no plans to enact such legislation and supports the Second Amendment right to bear arms.
(Ok -- bit of a long aside here. This past Saturday our local Congressman -- hardcore Conservative -- gave a TownHall at our Gun Club. We invited him, he came -- don't be so surprised. Upshot -- I missed alot of it due to Easter stuff going on HOWEVER I do know he said that all the proposed gun legislation everyone is concerned about is going absolutely NOWHERE in Congress. Has nowhere near the votes for any serious consideration. Now, do I trust this Congressman on this? Hell yes. Do I trust Obama? Hell No! Will I keep buying ammo & guns as finances allow? You betcha! But even Diane Sawyer said on a recent show "The NRA is doing a great (!) job holding this stuff at bay." Diane Sawyer! OK. Aside over)
During the federal ban on semiautomatic weapons from 1994-2004, prices soared. Recent buying has reached almost a frenzied pitch, creating backlogs for popular models and enabling resellers to list certain guns well above suggested retail prices. AK-47s doubled in price between September 2008 and the end of last year.
Ammo, as well, has become a hot commodity. As one supplier said, "(Ammunition) beats the hell out of money markets and CDs. You can double your investment in ammunition in a year."
Equity investors, too, are betting on Americans arming themselves to the teeth. Smith & Wesson (SWHC), maker of Dirty Harry's weapon of choice -- the .44 Magnum (by the way OTHERS make a .44 magnum as well. S&W just happens to be particularly good at it) -- has seen its stock jump from around $2 per share to over $6 since Inauguration Day. Still, shares are off around 70% from highs seen as recently as late 2007. Sturm Ruger (RGR), another gun manufacturer, has seen a rise of almost 100% in 2009.
As Minyanville's Kevin Depew is apt to say, "These are heady times we are living in." The Journal running a front-page story on buying guns rather than stocks is indicative of just how strange things have become.
Recent volatility in financial markets is driving Americans to seek alternative ways to protect -- and even grow -- their money. And while we're yet to see widespread construction of bunkers, protective trenches or armed militias patrolling the streets, the country is on edge to an extent not witnessed since September 2001.
I mean, pirates are all over the news, for God's sake. Pirates!
- Bitter Clinging Boss Elf
Well, for my part, I have a Smith and Wesson 638, a Sig P220 and P238 on my Christmas list. AS well as the obligatory ammo. Not that I'll get any of it, mind you. If anyone would like to help me fulfill that. . . Hot Air: Video: Holiday commercial...
- Yes!!!
I don't care what the reason or spin, more gun sales is always a good thing. MSN: Wal-Mart brings back gun sales The move is just the latest sign that executives are returning to the company's roots after recent failed efforts to appear more upscale....
- From My Cold Dead Hands
You'll recall that the media made a bit of a to do about the big jump in gun and ammo sales in the months running up to and immediately following the election of the Worst President in American History. If you're a gunner you certainly experienced...
- Go Figure!
Now imagine me jumping up and down saying "See! See! See! I told ya I told ya I told ya!" maybe while wearing a boa. Ok, maybe not. . . Hotair: Gun sales surge, violent crime drops posted at 9:13 pm on December 21, 2009 by Cassy Fiano When Obama was...
- Don't Worry Everything Will Be All Right?
Bullet makers can't keep up with demand Bullet-makers are working around the clock, seven days a week, and still can't keep up with the nation's demand for ammunition. Shooting ranges, gun dealers and bullet manufacturers say they have...