doublegunshop.com - home Forums General Discussion DoubleGun BBS @ doublegunshop.com gun vs. bear

Having just watched Barret-Jackson last week it doesn't appear the market for collectible and some not so collectible but fun autos is hurting to bad. A cheap hot rod would buy a optimus now days. The problem with getting a price correction in cars or guns is the prospective sellers either have to much in them or have seen others go for the high dollar and want it for what they have to sell.

DblFever: I watched that same Barrett/Jackson auction. Those guys were happily paying 100-200K for a Ford or Chevrolet from the 50's that cost less than 2K when new. Collectible guns like collectible cars or like land are always going to be in demand especially with those who look on a downturn as an opportunity. The media has ALWAYS been the driving force behind a downturn / adjustment which often takes place in a presidential election year. Good guns, cars or land are always saleable to those who have cash to spare. My motto is: "If you think the price is too high just wait a minute & it won't be." As long as the Fed keeps prime at a reasonable level any downturn / adjustment won't last out the year. That old Parker might still be one of the best investments out there.

Best Regards, George

George,
It'd be nice if you're right. For all of us.

I have to agree with JRH. I have always gotten fair value plus for my guns before I even walked in the door, usually. If course that was the reason for me buying them and I was fortunate enough to foresee which guns were going to be valuable. Model 21s, Colt Pythons, Diamondbacks, S&W and Superposed. Even a blond could have figured that one out. But one has to realize that the SXS is not exactly the more preferred gun in the firearms industry. Even though some of us admire them and appreciate them, most would turn up their noses at them. So putting all one's eggs in the doublegun basket, so to speak, is not a good choice. Diversify. That way, when you decide it is time to sell something, you will always be in the market for someone. You will find that times are good and bad for each type of gun. And you will find that there are good and bad times to buy and sell any type of gun.

How long did the people of this country think that this economy, so dependent upon crude oil, could continue growing under the weight of high energy cost? A gallon of gas nearly doubled over the last eight years???
We relied upon one energy source for far to long and now this dependence is coming back to haunt us.
We had our wake up call decades ago in 1973 and for the next 3 and a half decades we did absolutely nothing except become more dependent on crude oil.
What is most troubling, however the end to this future nightmare, which may or may not be upon us, is no where in sight.

Huge homes and big gas hogs are up for sale - a bitter pill for those who paid little attention to their weekly paycheck.
People with little means, livin' large!
My cheap Carolla looks pretty good at the gas pump these days and my gun tastes have gone field grade - I'm set for whats instore for us.

One has to wonder of both the economic slowdown/bear market and renewed vigor to sell guns comes from the fear of "madam president" with higher taxes and the solicalist libs control of both corporate profits and new more restrictive gun laws.
This is not the time to catch the falling knife of the stock market and selling into any bounce untill more is know about Q3 and Q4 08 numbers at the very least is strongly reccomended.Both T/A and F/A show the bear is firmly in place for the next few months and perhaps a year or more.With 2 million adj rate subprime resets in the next 4 qtrs,and 27% over 90 days behind right now, there will be lots more pain in real estate and another 20-30% drop in home prices,the bond insures are one shacky ground if they go and they might,lots of banks will be on the hook for empty homes and the Dow will fall another 2000 points.
Fine high conditon guns will always have a market as well other collectibles the mid and lower grade will take the hit the most.
Stay in cash and gold untill the smoke clears

DaveK, sounds good too me!
I can't get any advice from my brokers - they've all left to winter in Jones Town.

I thought it was caused by the Democratic debate....

If one of those three get elected President we are in trouble.

jOe,
I uttered the same thought at the Christmas dinner table and the liberal splinter faction in my family (my 3, 20 somethin nieces, fed yrs of liberal retoric by my sis and her husband) challenged me. Evidently, they weren't watching the economy but eagerly listening to Dem promises of more gov giveaways. The conversation was sharp enough to darn near carve the ham. Sorry I spoke up at the table (I didn't bring up the subject) but my nieces are now very aware of what I meant if they get a paper or have TV.