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Out-of-Business Gun Makers. DJIA fell 799.36 points



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 JWR. (SurvivalBlog’s Founder and Senior Editor.) Today’s focus is on investing in guns from out-of-business gun makers. (See the Tangibles Investing section.

 

Economy & Finance:

I found this linked over at the FreeZoxee social media site: How Private Banks Create Bubbles — with the Help of Central Banks

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How to spot the next recession

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A hat tip to reader H.L. sent, who this link: The first signs of the next recession

 

Stocks:

Over at the CNBC Cheering Section:  “Stocks fell sharply on Tuesday in the biggest decline since the October rout as investors worried about a bond-market phenomenon signaling a possible economic slowdown. Lingering worries around U.S.-China trade also added to jitters on Wall Street. The DJIA fell 799.36 points, or 3.1 percent, to close at 25,027.07 and posted its worst day since Oct. 10. At its low of the day, the Dow had fallen more than 800 points.”

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Next, at Seeking Alpha: Trump bump for agriculture/farming stocks

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Also, this: After The Fall: What Does Nvidia Do From Here?

 

Tangibles Investing (Out-of-Business Gun Makers):

Today, I’d like to specifically mention investing in quality guns from out-of-business gun makers.

One brand to look for is L.C. Smith. If you include the period that they were owned by Marlin, L.C. Smith shotgun production began in the late 1860s and ended in 1971.  (Note: The “L.C. Smith” brand name was revived from 2005 to 2009, but that was just rebranding of Italian Fausti Stefano shotguns.)

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Another company that no longer makes guns is Marbles Arms. The Marble Safety Axe Company famously made the compact Game Getter combination gun.  The Marbles company still produces some great gun sights, but they no longer produced any complete firearms.

Merwin, Hulbert, and Company manufactured guns–primarily revolvers– starting in 1876. Though the company name was carried on until 1916, all of the frames for guns that are marked “Merwin Hulbert” were produced before 1899. Thus, they are legally all Federal-exempt antiques.

Parker Brothers produced guns from 1867 to 1942. Their shotguns are widely considered the finest and most collectible American shotgun.

And those are just a few examples. Do your own research on other defunct brands. One thing is for sure: These companies aren’t making any more guns. The Law of Supply and Demand dictates that their prices can only go in one direction.

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When visiting garage sales, estate sale, and thrift stores, I suggest that you look for high quality out of production American-made  tools. In particular: Craftsman brand that are marked “Made in USA.”  With Sears soon to be out of business and the fate of the Craftsman brand uncertain, these early generation tools are bound go up in value.

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This video shows an interesting twist on tangibles investing:  Retail Arbitrage at Walmart: I Made $2500 in one night on one item

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20 Older Toys With Insane Value

 

Provisos:

SurvivalBlog and its Editors are not paid investment counselors or advisers. Please see our Provisos page for our detailed disclaimers.

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News Tips:

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 particularly watch individual markets. And due to their diligence and focus, we benefit from fresh “on target” investing news. We often get the scoop on economic and investing news that is probably ignored (or reported late) by mainstream American news outlets. Thanks!



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