The DOW closes at well below 6800 points. With another day of bone crushing losses in the stock market, I think we should be rethinking what we should be investing in.
In 98 through 2001 I used to play part-time daytrader. You know the story, internet trading, forums, hot tips…
I was doing alright. Even though I only dabbled small time, I was making a little bit of money. The general wisdom of the day was ‘stock markets always go up’.
Then the dot com bubble crashed. I got killed. I was wiped out of just about all the gains I had ever made. I learned a huge lesson from that. You see, it turns out, there is no such thing free lunch.
Wealth is only created through creating things, tangeable things. Shares of derivitives, and stocks, and other goofy things, are just short term foolishness, inventented by those who are intent on seperating “fools from their money”
Imagine the folly of ordinary people, like me, thinking they are going to get wealthy from no labor or effort. There was a time when I thought my 401k was going to be my golden key to living it up in my later years. All I had to do was pump money into it, and it would magically grow…
That seems pretty silly right now.
If I had bought gold when I started daytrading in 1998 at $250 an ounce, I would have done better than anyone else. But, I listened to the “invstment advisors” that told me gold is not an investment, it’s only a hedge against inflation.
Well guess what, I should have ignored the advisors and bought the gold.
I did do one smart thing… I had been buying guns for about the last 18 years. Since I was a little boy, with a father on the police dept, I have sought enjoyment from guns. I have been, both a collector, and an accumulator. My wife has always thought of it as a rotten expensive hobby. But dad always said, “You’ll never loose money on guns, son”.
Image how this silly story turns out… My collection of guns have been my unintended hedge against this economic disaster.
As one of my youtube friends pointed out… All of HIS stocks have gone up 45% over the last quarter… AR-15 Stocks, AK-47 stocks, Colts, Smiths, Remingtons, you name it, all way up…
Gauging from the prices at the gun shops and shows, every gun I own, has dramatically increased in price… Some used guns are commanding prices, higher than even new.
How would you like to buy a brand new car at a dealership, drive it around for 10 or 20 years… Then take it back to the same dealership where he offers you double you paid for it?
Guns… good investment. Get ‘em.
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