Saving and Investing are the trademarks of fiscal responsiblity.
Buying a gun is investing. Gun values do go up, unlike stocks which have greater risks. Like the Facebook stocks. And guns offers better percentages without bank fees over savings accounts.
So by definition, buying guns is being fiscally responsible.
Not that we should buy guys with the intent of reselling at a profit, because that would require an FFL. No, we just enjoy the happy serendipity that comes with asset appreciation.
Great investment, I totally agree.
I better get to shopping…
That’s mostly true.
Back in the late 1980’s I bought a Lorcin.
Ask me what it’s worth today.
Well, you got me there…
A Lorcin? As a collector novelty? Do tell.
I was young and poor and didn’t know any better.
After doing some mental math I’m pretty sure I bought it around 1996 rather than in the 80’s. I say that because I bought it after I got out of the Navy and was broke.
I lived in a couple of not-so-nice places and bought it for protection. I ended up moving back in with my Dad for a time before my prospects improved.
When I moved out I left it behind with a bunch of other stuff that got put into the attic. That would have been about 1998.
About a year ago he was cleaning out the attic and found it along with the original box of Winchester 9mm that I bought along with the gun. The box of 50 was still about three quarters full. That makes sense as I only recall shooting it once then loading it and using it as a nightstand gun.
So the gun, the ammo and the full magazine had been sitting in a non-climate controlled attic from 1998 until 2011.
He returned the gun to me and out of curiosity I took it to the range. You know all those stories about how leaving a magazine filled will compress the springs? I am unconvinced.
It fired fine, cycled the old ammo great, though it was kind of smelly and smokey.
It’s a great big square heavy piece of zinc with a nasty, gritty trigger and nearly non-existent sights. From a rest I could barely stay inside an 8″ circle at 20 feet. The flat, square butt chewed up the web of my hand. The controls are tiny and hard to find.
My FN, my Ruger wheelguns, my 1911s, hell even my Tokarev and Beretta Neos are better, more accurate handguns. I can afford to buy better guns now so I do. And I know more about guns so I know I’d be better off with a used Taurus than a new Lorcin.
I wouldn’t run 1000 rounds through it. I have serious concerns about how well the junk metal will hold up to the kind of shooting I do now. I hope I never have to trust my life to it. It sits in the safe because I’ve tried selling it and no legitimate buyer is interested. I don’t blame them. It’s a sucky gun.
But it does shoot. And anything that shoots beats a pointy stick.
Very interesting story. I don’t have a fundamental problem with Zincer blow-backs. However Lorcin Zincers are noted for having a bad alloy mix that leads to the front end of the slide shearing off. But it would be nice having a curiosity like that to put away for future collector value. One of the original “Saturday Night Specials”.
Keep telling your wife that.
I bought my PSL for $600 and now it’s worth about $900. I’d call that an investment.
I wish that I still had my Russian SKS. I bought it for $120…..
Which regularly go for 400 these days.
I didn’t do too bad then. I sold it for $335 in 2001. I bought it in 1998 iirc.
What no Monday Motorcycle? 😉
Things came up…
Hopefully good things!
I make it a point to buy most of my guns at a good price point, not just because I am cheap… but so I can use them to get out of a bind if I need to.
Good post George.
Jim
I wish I’d have put a crowbar in my bank account 7 or 8 years ago and bought at least a pallet of AK kits. Knew they were going to go up, I just didn’t realize how much. Could have more than tripled my money.
I bought 2 Enfields for $300 in 2003. Sold both in the past year for $1200.
My Father paid 25 dollars for a numbers matching Jungle Carbine in the mid 60s. The rifle is still in the family. I paid $25 for a Armilite AR-7 in 1977 from a friend . Near the same time, $115 for a 1903 Springfield from a local gun store.
I’m going to try this one on my old lady.